Climate Change Data

Venterra Group Plc

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Access to Clean Energy and Climate Action
  • Protect and Enhance the Environment
  • The Skills Transition
  • Corporate Responsibility

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

UN Sustainable Development Goals

  • SDG 7
  • SDG 13
  • SDG 14
  • SDG 8

Venterra's strategy aligns with these SDGs by focusing on clean energy, climate action, marine environment protection, and skills development for sustainable economic growth.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:20959 tCO2e/year
Scope 1 Emissions:206 tCO2e/year
Scope 2 Emissions:154 tCO2e/year
Scope 3 Emissions:20599 tCO2e/year
Water Consumption:3953 m3/year
Waste Generated:2812 tons/year
Carbon Intensity:3.3 tCO2e/£Revenue in 2023

ESG Focus Areas

  • Protecting the planet
  • Developing our people
  • Ensuring safety, asset integrity, and security
  • Engaging with local communities
  • Good governance and ethical business practice

Environmental Achievements

  • Completed the acquisition of CAPE Holland, expanding service offerings and accelerating wind power deployment.
  • Secured cornerstone funding from BeyondNetZero, demonstrating commitment to climate change mitigation.
  • Commenced work to quantify indirect carbon emissions (Scope 3) and committed to joining the Science Based Targets initiative (SBTi).

Social Achievements

  • Held first Leadership Conference, launching refreshed purpose, vision, and values, emphasizing collaboration.
  • Increased focus on professional development, with nearly 100% of employees receiving reviews.
  • Recruited over 40 graduate trainees and 20 apprentices.
  • Developed a Diversity & Inclusion Policy for 2024 rollout.
  • Implemented two new health and safety training programs for leaders and supervisors.
  • Partnered with the Royal Academy of Engineering to promote STEM education.
  • Started working towards Silver Award status in the Defence Employer Recognition Scheme.

Governance Achievements

  • Added high-profile Board appointments with strong sustainability credentials (Lord John Browne, Tjada D’Oyen McKenna).
  • Established a Sustainability & ESG Committee to oversee sustainability efforts.
  • Developed a Compliance Framework for implementation in 2024.
  • Enhanced whistleblowing hotline with additional country-specific lines.
  • Launched regular Tone From the Top communications on ethical conduct.
  • Extended online training to cover embargoes, sanctions, and gifts and hospitality.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions (timescale not specified).
Short-term Goals:
  • Submit a commitment letter to the SBTi by October 2024.

Environmental Challenges

  • Rising costs, disrupted supply chains, and policy hurdles in the wind power sector.
  • Quantifying indirect carbon emissions (Scope 3).
  • Skills shortages in the industry.
  • Need for consistent safety culture across the Group.
  • Addressing potential legacy issues from mergers and acquisitions.
  • Maintaining ethical conduct and managing risks in diverse operating environments.
Mitigation Strategies
  • Acquisition of CAPE Holland to expand service offerings and increase efficiency.
  • Cornerstone investment from BeyondNetZero to provide capital and expertise.
  • Collaboration with external consultants to improve data quality and accuracy.
  • Implementation of new health and safety training programs.
  • Risk-based due diligence on clients and suppliers.
  • Development of a Compliance Framework and regular Tone From the Top communications.

Supply Chain Management

Responsible Procurement
  • Risk-based due diligence on potential clients and suppliers using an online screening tool.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, IFRS, SFDR, ESRS, GHG Protocol

Certifications: ISO 14001, ISO 45001

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 12 (Responsible Consumption and Production)
  • SDG 13 (Climate Action)
  • SDG 4 (Quality Education)
  • SDG 5 (Gender Equality)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 10 (Reduced Inequalities)
  • SDG 16 (Peace, Justice and Strong Institutions)

Venterra's initiatives contribute to these goals through its work in renewable energy, resource efficiency, emissions reduction, STEM education, diversity and inclusion, and ethical business practices.

Sustainable Products & Innovation

  • Hessian alternative to polypropylene fabric formworks
  • Low-carbon cements (under development)
  • High-Output Recirculating Jet Mixer