SIG plc
Climate Impact & Sustainability Data (2022-10 to 2023-09, 2023)
Reporting Period: 2022-10 to 2023-09
Environmental Metrics
Total Carbon Emissions:47,346 tCO2e/year (market-based Scope 1, 2, and 3)
Scope 1 Emissions:40,434 tCO2e/year
Scope 2 Emissions:71,296 tCO2e/year (market-based)
Scope 3 Emissions:1,852,356 tCO2e/year
Renewable Energy Share:60% (electricity consumption)
Total Energy Consumption:215,996 MWh/year
Waste Generated:12,076 tons/year
ESG Focus Areas
- Net zero carbon emissions
- Zero waste to landfill
- Supply chain sustainability
- Health and safety
- Employee engagement
Environmental Achievements
- Reduced net zero carbon emissions by 3% (42,015 metric tonnes in 2023 vs 43,328 in 2022)
- Increased percentage of waste diverted from landfill to 94% in 2023 from 92% in 2022
- Completed first Scope 3 emissions report, quantifying total Scope 3 emissions at 1,852,356 metric tonnes
Social Achievements
- Maintained a stable employee engagement score (eNPS) of +14
- Reduced Lost Time Injury Frequency Rate (LTIFR) by 24% to 8.4 from 11.1 in 2022
- Reduced hazardous waste by 70% to 57 metric tonnes from 192 metric tonnes in 2022
Governance Achievements
- Established a Group-wide fleet forum to discuss alternative fuel technologies
- Implemented a new ‘Everyone Safe, Every Day’ health and safety strategy
- Included an ESG objective within the bonus scheme for certain senior management
Climate Goals & Targets
Long-term Goals:
- Net zero carbon emissions by 2035
- 100% lower-carbon fleet by 2035 (where infrastructure and technology allows)
Medium-term Goals:
- Reduce carbon emissions by c40% by 2030 (from 2021 baseline)
- 100% renewable electricity by 2032
Short-term Goals:
- Reduce carbon emissions by c20% by 2025 (from 2021 baseline)
- Zero SIG waste to landfill by 2025
Environmental Challenges
- Uncertainty regarding optimal future technology for heavy-duty fleet decarbonization
- Increased likelihood of greater regulatory pressure on waste management, including product waste
- Potential lack of detailed product carbon data to meet customer needs
- Age and construction of branch estate impacting energy efficiency
- Potential unavailability of sufficient quality and economically viable carbon offset schemes
- Unpredictable energy markets and government delays in green infrastructure investments
- Insufficient local power grid capacity to support increased electric vehicle charging
- Industry-wide challenges in Poland regarding waste recycling infrastructure
Mitigation Strategies
- Trialing alternative fuels (bio-gas, hydrogen, HVO) for fleet
- Implementing waste initiatives and focusing on zero SIG waste to landfill by 2025
- Monitoring, assessing, and upgrading product data requirements
- Upgrading existing branches with energy-efficient features (LED lighting, solar strategies)
- Prioritizing emission reduction over carbon offsets
- Assessing planned carbon emission reductions considering government policy impacts
- Identifying and mitigating constraints related to grid electrification capacity
- Seeking alternative waste management solutions in Poland
Supply Chain Management
Responsible Procurement
- Developing product carbon database
- Engaging with suppliers on decarbonization measures
- Promoting lower-carbon products
- Signing the RFAR Charter
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
Transition Risks
- Regulatory changes
- Market shifts
- Energy market volatility
- Grid electrification capacity limitations
Opportunities
- Increased demand for energy-efficient products
- Growth in retrofit market
- Expansion of sustainable roofing solutions
- Growth in solar panel market
Reporting Standards
Frameworks Used: TCFD, GHG Protocol
Certifications: ISO 14064-3 (limited assurance)
Third-party Assurance: Accenture
Sustainable Products & Innovation
- Wood fibre insulation
- Sheep’s wool insulation
- Lightweight synthetic roof tiles
- Natural slate tiles
- Green/brown roofs
- Single ply membranes
- Solar panel solutions
Awards & Recognition
- Kununu Top Company Award (Germany)
- SIG ‘Great Place to Work 2023’ (Poland)
- Top Employer certification (France)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:47,346 tCO2e (market-based)
Scope 1 Emissions:40,434 tCO2e
Scope 2 Emissions:71,296 tCO2e (market-based)
Scope 3 Emissions:1,852,356 tCO2e
Renewable Energy Share:60% of electricity consumption from renewable contracts
Total Energy Consumption:215,996 MWh
Waste Generated:12,076 tons
Carbon Intensity:17.1 metric tonnes per £m of revenue
ESG Focus Areas
- Net Zero Carbon by 2035
- Zero SIG waste to landfill by 2025
- Health and safety leadership
- Partnering to reduce supply chain carbon and waste
- Employer of choice
Environmental Achievements
- 3% reduction in net zero carbon emissions
- 94% total waste not going to landfill (improvement from 92% in 2022)
- Completed first Scope 3 emissions impact assessment
Social Achievements
- 92% of employees feel safe at work
- 24% reduction in Lost Time Injury Frequency Rate (LTIFR) to 8.4 from 11.1 in 2022
- Employee engagement (eNPS) +14
- £386k raised for charities across the Group
Governance Achievements
- Implementation of new employee-facing health and safety strategy: ‘Everyone Safe, Every Day’
- ESG objective included within the personal objectives in the bonus scheme for certain senior management
Climate Goals & Targets
Short-term Goals:
- Zero SIG waste to landfill by 2025
- c20% carbon reduction by 2025
Environmental Challenges
- Weaker market demand leading to lower sales volumes
- Operating cost inflation (wages, salaries, property, energy)
- Uncertainty regarding optimum future technology for decarbonizing heavy-duty fleet
- Potential for greater regulatory pressure on waste management (including non-SIG waste)
- Challenges in Poland regarding waste recycling infrastructure
Mitigation Strategies
- Restructuring and productivity initiatives generating permanent cost reductions of around £10m annually
- Trialing alternative fuels (bio-gas, hydrogen, HVO) for fleet decarbonization
- Expanding waste initiatives to include non-SIG waste and support circular economy
- Consolidating waste management providers to improve data collection and access to recycling facilities
- Developing product carbon database and engaging with suppliers on decarbonization measures
Supply Chain Management
Responsible Procurement
- Working with suppliers to develop product carbon database
- Developing lower-carbon alternatives for Speedline brand metal products
- Promoting energy-efficient products
- Signed RFAR Charter (France)
Climate-Related Risks & Opportunities
Physical Risks
- Flood risk (minimal)
- Chronic physical risks (heatwaves, precipitation, storms)
Transition Risks
- Removal of fossil fuels from fleet
- Waste management regulations
- Product carbon data requirements
- Energy efficiency of property portfolio
- Energy market volatility
- Grid electrification capacity
Opportunities
- Increased demand for sustainable construction products (insulation, roofing, solar, etc.)
- Growth in retrofit market
- Development of new sustainable products and solutions
Reporting Standards
Frameworks Used: TCFD
Certifications: ISO 14064-3 (limited assurance)
Third-party Assurance: Accenture
Sustainable Products & Innovation
- Wood fibre insulation
- Sheep’s wool insulation
- Lightweight synthetic roof tiles
- Natural slate tiles
- Green/brown roofs
- Single ply membranes
- Lightweight solar panels
Awards & Recognition
- Kununu ‘Top Company Award’ (Germany)
- SIG ‘Great Place to Work 2023’ (Poland)
- 'Top Employer' in France