The Revel Collective plc (formerly Revolution Bars Group plc)
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
Renewable Energy Share:1.4%
ESG Focus Areas
- Sustainability
- Employee Wellbeing
- Responsible Retailing
Environmental Achievements
- Reduced energy consumption by 37% since 2017
- Improved Carbon Disclosure Project score from B to A-
Social Achievements
- Launched new employee benefits programme, Hospitality Rewards
- Became the first hospitality partner of Ripple Suicide Prevention Charity
- Raised £32k for CALM charity
Governance Achievements
- Full compliance with the QCA Code
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2030
Medium-term Goals:
- Achieve carbon neutral status by 2030
Environmental Challenges
- Ongoing constraints on consumer demand
- Rising costs
- Permanent shift in trends
- Cost-of-living crisis disproportionately impacting young people
- Restructuring Plan disruption
Mitigation Strategies
- Restructuring Plan (site closures, rent reductions)
- Equity fundraising (£12.5 million)
- Cost savings (£3.8 million annualised benefit)
- Central cost savings (Support Centre team reduction)
- Debt restructuring (£4.0 million debt write-off, interest payment holiday)
Supply Chain Management
Supplier Audits: 60.5% of suppliers engaged
Responsible Procurement
- Major suppliers are required to include statements on modern slavery and anti-bribery
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events impacting supply chain
Transition Risks
- Economic downturns resulting in declining demand
- Cost of decarbonisation
- Potential brand damage from inaction
Opportunities
- Cost savings associated with carbon reduction measures
- Increased market share among consumers with preference for sustainable products/services
Reporting Standards
Frameworks Used: TCFD
Awards & Recognition
- Three stars under the Food Made Good Sustainability Award from the Sustainable Restaurant Association