Climate Change Data

Tracsis plc

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:995 tCO2e
Scope 1 Emissions:817 tCO2e
Scope 2 Emissions:52 tCO2e
Scope 3 Emissions:126 tCO2e
Total Energy Consumption:4,188,923 kWh

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Started the journey to vehicle fleet electrification in the Events business.
  • Introduced e-bikes at some large events venues.
  • Photovoltaic panels powering the Events head office and charging equipment.

Social Achievements

  • Launched a “OneTracsis” leadership development scheme with 100 managers and senior leaders enrolled.
  • Created an employee-led equality, diversity and inclusion forum.
  • Undertook its first employee survey in September 2022.

Governance Achievements

  • Established a Sustainability Committee responsible for implementing a sustainability strategy.
  • Established an ESG working group with representation from a diverse range of employees.

Climate Goals & Targets

Medium-term Goals:
  • Carbon neutral (Scope 1 and 2) by 2030
  • 100% renewable energy supply by 2030
Short-term Goals:
  • Achieve 100% electrification of vehicle fleet.

Environmental Challenges

  • Reducing carbon emissions from Tracsis’ operations, particularly from its vehicle fleet.
  • Achieving 100% renewable energy supply.
Mitigation Strategies
  • Targeting carbon neutrality for Scope 1 and 2 emissions by 2030.
  • Progressive increase in the utilization of full electric vehicles.
  • Smarter deployment of hybrid vehicles.
  • Ensuring 100% of the Group’s electricity supply is from renewable sources.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and services supporting customers' net-zero ambitions.

Reporting Standards

Frameworks Used: TCFD, SECR

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 5
  • SDG 8
  • SDG 9
  • SDG 11
  • SDG 12
  • SDG 13

Tracsis' products, services, and environmental and social ambitions align with these SDGs.

Sustainable Products & Innovation

  • Rail Technology products supporting more efficient and reliable rail transport services.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:988 tCO2e
Scope 1 Emissions:787 tCO2e
Scope 2 Emissions:23 tCO2e
Scope 3 Emissions:75 tCO2e
Renewable Energy Share:32%
Total Energy Consumption:4,188,923 kWh
Carbon Intensity:1.21 tCO2e/£100,000 revenue (UK and offshore), 1.72 tCO2e/£100,000 revenue (Global)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • 7% lower carbon emissions in FY23 compared to FY22 (988 tCO2e vs 1060 tCO2e)
  • Increased fleet electrification to 16% from 3% in FY22 (including hybrid vehicles)
  • ISO 14001 certification for environmental management system

Social Achievements

  • Two RIDDOR reportable incidents, no fatalities in FY23
  • 85% employee engagement score from first employee survey
  • Launched "Breaking Barriers" series and sponsored a "hack for good" hackathon

Governance Achievements

  • Established a Sustainability Committee and ESG working group
  • 50% female representation on the Tracsis Board

Climate Goals & Targets

Medium-term Goals:
  • Carbon neutral for scope 1 and 2 emissions by 2030
  • 100% fleet electrification by 2030
  • 100% renewable energy supply by 2030

Environmental Challenges

  • Decrease in renewable energy supply to 32% from 40% in FY22 due to full year ownership of Rail Technology North America
  • Need to achieve 100% electrification of vehicle fleet
Mitigation Strategies
  • Reviewing options to establish a hub of combined operating sites to support electric vehicles
  • Developing a Carbon Reduction Plan to improve renewable energy supply
  • Integrating two businesses under common leadership to achieve carbon neutrality goal

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and services

UN Sustainable Development Goals

  • 3.6
  • 4.4
  • 5.5
  • 9.1
  • 11.2
  • 11.6
  • 13.2

Tracsis' products and services align with these SDGs by improving transport efficiency, safety, and sustainability, promoting diversity and inclusion, and supporting community engagement.