James Fisher and Sons plc
Climate Impact & Sustainability Data (2022-10 to 2023-09)
Reporting Period: 2022-10 to 2023-09
Environmental Metrics
Total Carbon Emissions:74,707 tCO2e
Scope 1 Emissions:73,401 tCO2e
Scope 2 Emissions:1,306 tCO2e
Scope 3 Emissions:64,114 tCO2e
Total Energy Consumption:271,151 MWh
Carbon Intensity:64.03 tCO2e/FTE; 265.15 tCO2e/£m revenue
ESG Focus Areas
- Health and safety
- Talent strength
- Equity, diversity and inclusion
- Portfolio choices (products and services)
- Resource efficiency
- Greenhouse gas (GHG) emissions and net zero
- Innovation
- Customer and supplier engagement
- Governance
Environmental Achievements
- Launched the James Fisher Academy, focusing on renewables skills development.
- Reduced the number of offshore inspections, reducing crew transfer vessels and carbon emissions.
- Secured a multi-million-pound contract at Triton Knoll wind farm, providing complete O&M services.
- Implemented cutting-edge technology (DAS and DTS) to reduce vessel surveys and emissions.
- Developed the ST3100 air compressor for big bubble curtains, reducing noise and protecting marine life.
- On track with Scope 1 and Scope 2 net zero reduction target.
Social Achievements
- Launched a new cross-company Exceptional Safety campaign.
- Launched 'Engage', a quarterly all-employee webinar for updates and feedback.
- Increased employee engagement survey response rate for the 3rd year in a row.
- Launched One James Fisher community hub.
- Extended mental health first aid training; 44 mental health first aiders trained in Suicide First Aid.
- Celebrated success of first manager and leadership apprenticeships.
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050.
Medium-term Goals:
- Reduce Scope 1 and Scope 2 emissions by 37.8% by 2030.
- Achieve 100% renewable purchased energy across UK Product Lines.
Short-term Goals:
- Reduce Scope 1 and Scope 2 emissions by 16.8% by 2025.
Environmental Challenges
- Supply chain disruptions due to climate events.
- Skills shortage in the renewables sector.
- Lack of comprehensive waste data due to property lease agreements.
- Data limitations in GHG emissions reporting.
- Sensitivity to oil and gas markets.
- Uncertainty surrounding the evolution of the global energy mix.
Mitigation Strategies
- Developed alternative sourcing strategies.
- Launched James Fisher Academy for renewables skills development.
- Improving data collection methods and processes.
- Implementing cutting-edge technology for efficient operations.
- Diversifying operations and services.
- Collaborating with partners in emerging markets.
- Developing a climate transition plan.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Standardising PPE procurement
- Transitioning to 100% renewable energy suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Climate-related hazards impacting facilities and offices
- Supply chain disruptions
Transition Risks
- Regulatory pressure
- Carbon prices
- Competitor actions
- Market volatility
- Changes in customer behavior
Opportunities
- Growth of renewables market
- Demand for decommissioning services
- Development of low-emission products and services
Reporting Standards
Frameworks Used: TCFD, SECR, SBTi, CDP, GRI, IFRS Sustainability Disclosure Standards
Sustainable Products & Innovation
- ST3100 air compressor
- LNG dual-fuel tankers
Awards & Recognition
- Innovation in Decommissioning Award (SEABASS)