Climate Change Data

Norcros plc

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:911,038 tCO2e/year
Scope 1 Emissions:41,365 tCO2e/year
Scope 2 Emissions:21,803 tCO2e/year (market-based)
Scope 3 Emissions:847,870 tCO2e/year
Renewable Energy Share:37% of total energy use
Total Energy Consumption:261,595,842 kWh/year
Water Consumption:178,439 m3/year (withdrawal), 144,210 m3/year (consumption)
Waste Generated:12,697 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • People
  • Product
  • Planet

Environmental Achievements

  • Emissions targets approved by the Science Based Targets initiative (SBTi), covering net-zero emissions by 2040 and near-term targets for 2028.
  • Published the Group’s first Net Zero Transition Plan.
  • Achieved a B grade in CDP Climate Change.
  • Triton achieved EcoVadis silver in its first submission.
  • Triton achieved Carbon Neutral status.
  • Grant Westfield achieved ISO 14001 certification.
  • Johnson Tiles UK achieved Gold status at the Supply Chain Sustainability School and BES6001 certification.

Social Achievements

  • Increased investment in talent and diversity, equity, and inclusion programs.
  • Launched various wellbeing initiatives, including employee assistance programs and mental health support.
  • Norcros South Africa partnered with the Department of Education to build toilet facilities for schools.

Governance Achievements

  • Strengthened ESG governance structure, including a Group-wide ESG Forum.
  • Completed the closure of Norcros Adhesives and sale of Johnson Tiles UK.
  • Well-developed strategically aligned M&A pipeline.

Climate Goals & Targets

Long-term Goals:
  • Net zero GHG emissions across the value chain by 2040.
Medium-term Goals:
  • Reduce absolute scope 3 GHG emissions by 20.0% by 2028 (2023 base year).
  • Organic growth at 2–3% ahead of the market.
  • Operating margin to 15%.
  • Cash conversion greater than 90%.
  • Return on capital employed greater than 20%.
Short-term Goals:
  • Reduce absolute scopes 1 and 2 GHG emissions by 33.6% by 2028 (2023 base year).

Environmental Challenges

  • Challenging market conditions in both core geographies, with specific energy-related challenges in South Africa.
  • Reduction in housebuilding activity in the UK and Ireland.
  • Macroeconomic uncertainties impacting consumer confidence in South Africa.
  • Sustained national energy supply interruptions in South Africa.
  • Cost of living pressures impacting consumer spending.
Mitigation Strategies
  • Proactive management of the business through energy interruptions in South Africa.
  • Focus on new product development and collaborative cross-selling initiatives in the UK and Ireland.
  • Leveraging strong new product development pipeline, Group relationships, and collaboration in the UK and Ireland.
  • Investment in stock, warehousing, and logistics, customer communications, and dedicated after-sales support.
  • Early self-help interventions in working capital in South Africa.
  • Investment in systems and warehouse and distribution changes to drive efficiencies.
  • Group shipping agreement to achieve significant cost savings and protect against escalating freight rates.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Group Supply Chain Policy
  • Supplier Assessment Form
  • Code of conduct
  • amfori BSCI social audit

Climate-Related Risks & Opportunities

Physical Risks
  • Flood risk
  • Water scarcity
Transition Risks
  • Carbon pricing in own operations
  • Carbon pricing in the value chain
  • Reliance on third parties for new technology
  • Cost of capital linked to sustainability criteria
  • Customer and consumer pressure
Opportunities
  • Product design – resource efficient manufacturing
  • Product design – resource efficient products
  • Water, energy, waste savings
  • Green generation
  • Transportation

Reporting Standards

Frameworks Used: TCFD, SBTi, CDP

Certifications: ISO 14001, ISO 45001, ISO 9001, BES6001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Triton’s ENVi® shower
  • Abode’s Naturale Aquifier tap
  • Grant Westfield’s Naturepanel collection

Awards & Recognition

  • Triton’s King’s Award for Enterprise in Sustainable Development
  • Triton’s PlanetMark Carbon Neutral certification
  • Triton’s Sustainability Campaign of the Year award
  • Triton’s EcoVadis Silver rating
  • Triton’s BMA Carbon Reduction Award
  • Triton’s ENVi® shower (Housebuilder Product’s Best Kitchen and Bathrooms Product)
  • Grant Westfield’s Multipanel Tile Collection (Ideal Home’s Best Bathroom Surface Award)
  • Abode’s Pronteau Scandi-X tap (Ideal Home’s Best Hot Water Tap)
  • Merlyn’s Shower Brand Supplier of the Year award