Readypower Group
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:24,054 tonnes CO2 reduction
ESG Focus Areas
- Climate Change
- Resource Depletion
- Waste and Pollution
- Deforestation
- Human Rights
- Labor Standards
- Community Engagement
- Product Safety
- Corporate Governance
- Executive Compensation
- Bribery and Corruption
- Cyber security
- Shareholder Rights
Environmental Achievements
- Achieved 3 stars on the GRESB global benchmarking database.
- Replaced diesel-powered company vehicles with hybrid or fully electric vehicles as they reached the end of their life.
- Reduction of 24,054 tonnes in CO2 emissions in 2023.
- Maintained 'Gold' membership in the Supply Chain Sustainability School.
Social Achievements
- 383 iHASCO courses completed in 2023, including mandatory and optional courses.
- 10 apprentices employed in 2023.
- 17 internal promotions in 2023.
- Continued support for the Lighthouse Construction Industry Charity.
- Regular communication from HR regarding mental health initiatives.
Governance Achievements
- Implemented a new SHEQ IP to set and track annual objectives.
- Transitioned from DOS to the ORR RM3 Maturity Model for business maturity measurement.
- Undertook several cybersecurity tests, including external penetration testing.
- Mandatory cybersecurity training for all employees.
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2050
Medium-term Goals:
- Angel Trains to be signed up to Science Based Targets (by end of 2024, Readypower included)
Short-term Goals:
- Achieve 3 stars on GRESB (achieved in 2023, target set for 2024)
- Gain Cyber Essentials certification (target for 2024)
Environmental Challenges
- Supply chain disruptions (implied)
- Cybersecurity threats
- Meeting Net Zero target by 2050
Mitigation Strategies
- Supplier diversification
- Improved cybersecurity measures and training
- Investment in new hybrid technology, trials with Fuel Active and Prior Power Systems, energy efficiency improvements, and transition to renewable energy.
Supply Chain Management
Responsible Procurement
- Consideration given when procuring services and materials from approved suppliers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRESB
Certifications: Gold member, Supply Chain Sustainability School
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 9 (Industry, Innovation and Infrastructure)
- Goal 11 (Sustainable Cities and Communities)
- Goal 13 (Climate Action)
- Goal 15 (Life on Land)
- Goal 16 (Peace, Justice and Strong Institutions)
- Goal 17 (Partnerships for the Goals)
The report mentions alignment with 10 of the 17 SDGs, focusing on areas like employee wellbeing, air quality, diversity and inclusion, job creation, infrastructure, climate action, pollution reduction, anti-bribery, and stakeholder engagement.
Sustainable Products & Innovation
- Force One contactless excavation units
- Yellow jetting unit