Harworth Group plc
Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
Environmental Metrics
Total Carbon Emissions:2,353 tCO2e/year
Scope 1 Emissions:203 tCO2e/year
Scope 2 Emissions:1,707 tCO2e/year
Scope 3 Emissions:443 tCO2e/year
ESG Focus Areas
- Communities
- Planet
- People
- Partners
- Governance
Environmental Achievements
- Reduced emissions by 41.4% year-on-year (Scope 1, 2, and 3 combined).
- Rolled out EV charging points at three sites.
- Completed Phase 2 Energy saving opportunity scheme (ESOS).
Social Achievements
- Delivered over 900 homes and 1.5m sq ft of employment space at Waverley.
- Created over 300 acres of public open space.
- Supported local communities through various initiatives (e.g., community gardens, partnerships with universities).
Governance Achievements
- Established Harworth Values to define company culture.
- Improved Board diversity.
- Revised Remuneration Policy, including introduction of Restricted Share Plan and Share Incentive Plan.
Climate Goals & Targets
Long-term Goals:
- Transform land and property into sustainable places.
Medium-term Goals:
- Increase breadth and resilience of income portfolio.
- Further reduce emissions.
Environmental Challenges
- Planning delays due to changes in local government control.
- Reduced income from coal fine sales.
- Increased insurance premiums due to challenging market conditions.
Mitigation Strategies
- Amend planning strategies to prevent long-term value erosion.
- Growing recurring income base through selective acquisitions.
- Passing increased insurance premiums onto tenants, rate stability agreement with insurer.
Supply Chain Management
Responsible Procurement
- Consistent “take-on” approval process for all suppliers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Department for Environment, Food and Rural Affairs (DEFRA) Environmental Reporting Guidelines