Ashtead Technology Holdings plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:162.34 tCO2e/year

Scope 1 Emissions:66.67 tCO2e/year

Scope 2 Emissions:95.67 tCO2e/year

Total Energy Consumption:746,238 kWh/year

Carbon Intensity:0.39 Tonnes CO2e per FTE

ESG Focus Areas

Ecological impact
Energy transition
Supporting our communities
Business ethics
Labour practices & human rights
Employee health & wellbeing

Environmental Achievements

Introduced an electric car and cycle to work scheme for UK employees
Expanded coverage in evaluating scope 1 & 2 greenhouse gas emissions
Implemented environmental awareness training and roll-out of ISO 14001 certification to more sites
Phasing out of single-use plastic throughout our operations
Minimised water usage in our everyday operations
Working with clients and our supply chain to identify carbon reduction solutions and actively building out our seabed clearance capability to support decommissioning
Advancement of reporting towards TCFD principles

Social Achievements

No lost time incidents
Grew our Group QHSE team to drive forward our strategy
All employees globally undertook key safety e-training
Committed to mental health first-aid training programme
Rolled out healthcare benefits package to all UK-based employees
Increased focus on the Company safety observation card system, providing key risk insight and enabling prompt action to be taken
Regular programme of facility HSE inspections carried out across our international operations
Launched a Wellbeing Campaign to remind UK employees of the benefits of the Employee Assistance Programme
Continued with our Ashtead Technology Star Awards programme
Quarterly town halls, internal webinars and regular internal communications flow to engage with our employees
Ongoing customer and supplier engagement and monitoring to ensure best practice
Continued to progress our science, technology, engineering and maths (STEM) community support programme
STEM Ambassadors recruited to support engagement with local schools and colleges
Close relationships maintained with local schools and colleges, including attendance at careers fairs
Carried out a community engagement survey as part of our commitment to improve community involvement and engagement
Supported various volunteering and fundraising initiatives with local charities across each of our regions

Governance Achievements

Ongoing compliance with QCA Code
Evolution of policies and procedures and continued best practice including hiring a Management System and Document Control Lead to ensure consistency across the Group
Ongoing monitoring of business partners and key suppliers to ensure alignment in approach to national and international trade
Continued 100% compliance with annual anti-bribery and corruption e-learning training and third-party diligence

Climate Goals & Targets

Medium-term Goals:

Continue to grow our activity in the offshore renewable energy sector

Short-term Goals:

To attract the best and most diverse talent to lead our growth journey
Invest in learning and development to ensure a modern and transparent approach to career progression, succession planning and mobility
Launch an employee survey to empower colleagues by elevating their voice in the business
Maintain our focus on safety and health of our employees and other stakeholders
Roll out a global behavioural safety learning programme
Heightened focus on quality assurance and best-in-class delivery of equipment and services
Minimise our scope 1 and 2 GHG emissions and continue to engage with suppliers to support this
Expand on the scope 1 and 2 GHG emissions calculations where data is available
Undertake a renewed materiality assessment to understand stakeholder priorities
Continue to foster a work environment that encourages incident reporting and whistleblowing
Ongoing and robust annual anti-bribery and corruption e-learning training for all employees

Environmental Challenges

Increased demand society places on being able to deliver sources of energy in a sustainable and responsible way
More stringent reporting and regulatory obligations will increase compliance costs and reporting requirements and will require additional human capital to meet stakeholder expectations
Increased frequency and severity of storms, extreme precipitation, storm surges, heat waves, hurricanes and other tropical storms and cyclones. Rising sea levels and rising average temperatures.

Mitigation Strategies

Ashtead Technology is continuously monitoring regulatory and compliance changes and the relevance to our own reporting.
We have had a long-term presence in Texas and Louisiana which periodically suffer from extreme weather events and have experience in handling these situations. Where there are short-term impacts to financials, this is generally compensated for through additional clean-up work required post-storm.

Supply Chain Management

Responsible Procurement

Ongoing monitoring of business partners and key suppliers to ensure alignment in approach to national and international trade

Climate-Related Risks & Opportunities

Physical Risks

Increased frequency and severity of storms, extreme precipitation, storm surges, heat waves, hurricanes and other tropical storms and cyclones. Rising sea levels and rising average temperatures.

Transition Risks

Deployment of disruptive new onshore energy technologies in a mass scale
More stringent reporting and regulatory obligations

Opportunities

Significant need for offshore solutions

Reporting Standards

Frameworks Used: SECR, TCFD, UN Sustainable Development Goals

Certifications: ISO 14001

UN Sustainable Development Goals

These are mapped against the UN’s 17 Sustainable Development Goals (SDGs) which are designed to help organisations shape priorities and aspirations for sustainable development efforts around a common framework.