Climate Change Data

Environmental Metrics

ESG Focus Areas

• Circular Economy
• Carbon Emissions Reduction
• Waste Reduction
• Employee Safety and Wellbeing
• Community Engagement
• Diversity and Inclusion

Environmental Achievements

• Increased carbon avoidance intensity ratio by 7% compared to FY19.
• Achieved recycling and recovery rate target of 90.8%.
• Increased the share of Euro 6 low-emission vehicles in the collection truck fleet to 48.5%.

Social Achievements

• Launched Fit to the Finish health program for employees.
• Increased near-miss reporting by 67%, demonstrating improved risk awareness.
• Implemented multiple shorter employee surveys for more frequent feedback.

Governance Achievements

• Achieved zero environmental convictions and fines.
• Significantly increased the number of employees receiving integrity training.
• Launched an e-learning module on integrity.

Climate Goals & Targets

Environmental Challenges

• Recycling rate dropped to 64.7%, missing the 70% target.
• Increased greater-than-three-day accident rate despite a decrease in the total number of accidents.
• Increased gas use at sites, impacting energy efficiency targets.

Mitigation Strategies

• Focusing on reducing residual waste incinerated to increase recycling rate.
• Implementing HomeSafe campaign to raise risk awareness and improve safety culture.
• Investing in renewable energy production at sites to reduce carbon impact.

Supply Chain Management

Responsible Procurement

• Fair treatment of suppliers; long-term supply contracts.

Climate-Related Risks & Opportunities

Physical Risks

• Fires

Transition Risks

• Regulatory changes related to waste management and emissions.

Opportunities

• Growth in demand for sustainable products and services; opportunities to develop innovative recycling technologies.

Reporting Standards

Frameworks Used: UN Global Compact, FTSE4Good

Certifications: ISO 14001, EMAS, ISO 9001, OHSAS 18001/ISO 45001, Level 1 Performance Ladder for Social Enterprise (PSO)

UN Sustainable Development Goals

• Goal 6: Clean Water and Sanitation
• Goal 7: Affordable and Clean Energy
• Goal 11: Sustainable Cities and Communities
• Goal 12: Responsible Consumption and Production
• Goal 3: Good Health and Well-being
• Goal 13: Climate Action

Renewi's activities contribute to these goals through waste recycling, renewable energy production, and community engagement.

Sustainable Products & Innovation

• Coolstar recycled plastic regranulate; recycled materials from nappies; recycled steel.

Awards & Recognition

• Green Economy Mark from the London Stock Exchange; FTSE4Good inclusion; Level 4 certification with the Dutch CO2 Performance Ladder; S&P ESG rating of 75.

Environmental Metrics

ESG Focus Areas

• Enable the circular economy
• Reduce carbon emissions
• Care for people

Environmental Achievements

• Achieved a 67.2% recycling rate (industry leading), aiming for 75% by 2025.
• Avoided 3.1 million tonnes of CO2 emissions.
• Increased share of renewable energy used on site to 32.7% (exceeding 2025 target of 25%).
• Installed the tallest wind turbine on land in Belgium at the Ghent site.

Social Achievements

• Reduced Lost Time Incidents (LTIs) by 36%.
• Improved employee engagement (eNPS score) to +21.
• Increased share of women in senior management to 22%.

Governance Achievements

• Launched Mission75 program to increase recycling rate to 75% by 2025.
• Renewi 2.0 program on track to deliver €60m of additional EBIT in FY26, with €10m delivered in FY22.
• Implemented a single, common reward structure across the entire business.

Climate Goals & Targets

Environmental Challenges

• Achieving a 100% recycling rate is not currently possible due to complexities and costs.
• High raw material prices due to high demand and greater need for recyclates.
• Water stress and drought are emerging as moderate to high risks for many sites, particularly in the Netherlands.

Mitigation Strategies

• Making significant investments in technology to improve recycling rate.
• Developing a roadmap to reduce scope 1, 2 and 3 emissions towards a net-zero commitment.
• Exploring new mitigation plans to lower sites’ risk profiles from water stress and drought.

Supply Chain Management

Responsible Procurement

• Zero-tolerance approach to modern slavery.

Climate-Related Risks & Opportunities

Physical Risks

• Heat waves
• Water scarcity
• Floods
• Droughts

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Growth of the circular economy
• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: PSO certification (Netherlands)

UN Sustainable Development Goals

• SDG 3: Good Health and Well-being
• SDG 6: Clean Water and Sanitation
• SDG 7: Affordable and Clean Energy
• SDG 9: Industry, Innovation and Infrastructure
• SDG 11: Sustainable Cities and Communities
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action

Renewi's activities contribute to these goals through recycling, renewable energy production, and safe working practices.

Sustainable Products & Innovation

• Recycled materials for construction
• Bio-LNG from organic waste
• Coolstar (circular polystyrene regranulate)

Awards & Recognition

• PSO certification (Netherlands)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circular Economy

Environmental Achievements

• Reduced CO2e emissions from 543,172 tons in FY22 to 475,123 tons in FY23 (market-based). This decrease is attributed to lower tonnages processed, improved landfill gas capture, and route optimization through the Green Collective initiative.

Social Achievements

• Launched Green Collective initiative for route optimization.
• Increased share of renewable electricity used on sites from 36% in FY22 to 41% in FY23.

Governance Achievements

• Implemented a thorough investigation into emission sources, resulting in a recalculation and restatement of Scope 1 and 2 emissions and the first-time calculation of Scope 3 emissions.
• Conducted a limited assurance audit on Scope 1 and 2 accounting methods and results by BDO International Limited.

Climate Goals & Targets

Environmental Challenges

• Decoupling processing capacity from energy demand.
• Lack of information about supplier-specific emission factors for market-based Scope 2 calculations.
• Need for further automation of data collection and quality control.
• Need for more granular dashboarding and integration of data into a central cloud-based platform.

Mitigation Strategies

• Ongoing investigation into increasing the use of biofuels and developing own energy supply.
• Continuous improvement activities around site maintenance to improve landfill gas capture.
• Application for budget to automate data quality control via PowerApps.
• Development of division-specific carbon reduction 5-year plans (delayed to February 2024).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Purchasing green electricity (CW NL and Coolrec NL).

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products, use of biofuels, own energy supply.

Reporting Standards

Frameworks Used: GRI, GHG Protocol, TCFD

Certifications: CO2 Performance Ladder

Third-party Assurance: BDO International Limited (limited assurance)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

Not disclosed

Sustainable Products & Innovation

• Recycled plastics in kids' toys and fridge liners.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Circularity
• Climate Change
• Safety
• Employee Well-being
• Diversity & Inclusion

Environmental Achievements

• Reduced Scope 1 & 2 carbon footprint by 8% from FY22 baseline to 577kT CO2e in FY24.
• Achieved 237kg CO2e/T carbon avoidance per tonne of waste handled.
• Increased share of renewable energy used on site to 45.9%.
• Recycled 6.6 million tonnes of material (63.2% of total waste handled).
• Treated 1.03 million tonnes of wastewater.

Social Achievements

• Reduced Lost Time Injury rate (LTIF) to 6.8 from 9.4 in FY23.
• Maintained employee engagement (eNPS) score at +23.
• Launched Renewi Vitality health program in Netherlands and Belgium.
• Established Renewi Social Fund to support employees facing unexpected financial emergencies.

Governance Achievements

• Adopted a formal Board Diversity Policy.
• Completed Simplify program, achieving €15m annual SG&A cost reduction.
• Implemented Workday HR system for improved efficiency and data quality.

Climate Goals & Targets

Environmental Challenges

• Lower recyclate prices (especially plastics) and weaker construction market in Netherlands.
• Increased cost inflation.
• Ageing IT infrastructure.
• Risk of fires due to increasing number of batteries in waste streams.
• Complexity of environmental regulations (e.g., PFAS).

Mitigation Strategies

• Dynamic pricing strategies.
• Cost reduction initiatives (Simplify program).
• Investment in new IT systems (Future Fit program).
• Improved fire prevention and detection technologies.
• Close monitoring of regulatory developments and proactive engagement with regulators.

Supply Chain Management

Responsible Procurement

• Focus on ethical sourcing and sustainable innovations.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme heat (increased fire risk)
• Water stress and drought
• Flooding
• Storms and wind

Transition Risks

• Increasing pricing of GHG emissions
• Changes in waste volume and composition
• Lack of developing climate policies
• Supply chain transparency

Opportunities

• Increased demand for recycling services due to carbon pricing.
• Development of new waste stream recycling activities.
• Enhanced climate change regulation and reporting.
• Increasing cost of materials.
• Circular economy principles.
• Increasing importance of Scope 3 emissions.

Reporting Standards

Frameworks Used: GRI, UN Global Compact, TCFD, CDP, SBTi

Certifications: ISO 14001, ISAE 3410, CO2 Performance Ladder, PSO Ladder, FTSE4Good

Third-party Assurance: Limited assurance for Scope 1&2 emissions and recycling rate.

UN Sustainable Development Goals

• SDG 3
• SDG 6
• SDG 7
• SDG 11
• SDG 12
• SDG 13
• SDG 15

Renewi's activities contribute to these SDGs through waste recycling, water treatment, renewable energy production, sustainable cities, responsible consumption and production, climate action, and life on land initiatives.

Sustainable Products & Innovation

• Refrigerator made with 70% recycled plastics.

Awards & Recognition

• Trends Impact Award (Belgium)
• Plastics Recycling Show Europe Award (Coolrec)
• PME Revelation award (Maltha)