Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment, Health and Safety
• People
• Corporate Governance
• Risk Management

Environmental Achievements

• Reduced energy consumption by more than 9%
• 9.3% reduction in tonnes of carbon dioxide (CO2) equivalent
• Waste mapping in place, working towards zero waste to landfill by end of 2024

Social Achievements

• Appointment of a Chief People Officer
• Launched a global recognition scheme
• Rolled out advanced leadership development programme
• Increased apprenticeships year on year
• Implemented Engagement Survey Action Plans for each site
• Launched the first phase of a company-wide Recognition Programme

Governance Achievements

• Enhanced governance with greater focus on IT security
• Global refresh of business rules, policies, and guidelines
• Introduction of an online learning management tool
• Renewed risk framework and appetite
• Appointed a permanent Group Risk Manager
• Established an internal control testing framework
• Developed and deployed a standardised business continuity framework
• Implemented a standardised risk management framework
• Enhanced the Group risk appetite statement
• Completed risk maturity assessments

Climate Goals & Targets

Environmental Challenges

• Managing supply chain risks (natural resource depletion, human rights abuses, corruption)
• Energy consumption as a high energy consumer
• Managing evolving business risks
• Maintaining consistent standards across global operations
• Cybersecurity threats
• Geo-political instability
• Increased supply chain costs
• Customer demand fluctuations due to inflation
• Retaining human capital
• Successful new product introductions
• Long-term capital structure

Mitigation Strategies

• Global review of supply chain contracts, policies, and processes
• Energy conservation programme
• Appointing a permanent Group Risk Manager and enhancing ERM capability
• Standardised risk registers and assessment scales
• Development of a common risk matrix
• Implementation of a standardised risk management framework
• Development and deployment of a standardised business continuity framework
• Establishment of an internal control testing framework
• Enhanced Group risk appetite statement
• Completed risk maturity assessments
• Information Security Enhancement Programme
• Investment in IT Service Management solution
• Improved European-Wide Area Network
• Partnership with Cybersheath for CMMC compliance
• Global review of policies to ensure they are fit for purpose

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Global review of supply chain contracts, policies, and processes
• Expectations for suppliers to adhere to anti-bribery and corruption laws, eliminate forced labor and child labor, establish safe working conditions, value diversity, compensate employees competitively, and respect freedom of association

Climate-Related Risks & Opportunities

Physical Risks

• Energy supply disruption

Transition Risks

• Increased supply chain costs
• Customer demand due to inflation

Opportunities

• Energy efficiency improvements

Reporting Standards

Frameworks Used: WRI / WBCSD GHG Protocol, Intergovernmental Panel on Climate Change Guidelines, ISO 14064, Wates Corporate Governance Principles

Certifications: ISO 14001 (7 sites), ISO 50001 (1 site)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed