Climate Change Data

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