Climate Change Data

musicMagpie plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:36,751.7 tCO2e/year
Scope 1 Emissions:320.4 tCO2e/year
Scope 2 Emissions:6.4 tCO2e/year
Scope 3 Emissions:36,424.9 tCO2e/year
Renewable Energy Share:100% (electricity)
Total Energy Consumption:2,687,906 kWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:2.39 tCO2e/£m revenue (2023)

ESG Focus Areas

  • Circularity
  • Sustainability
  • Community Investment
  • Employee Well-being
  • Climate Change

Environmental Achievements

  • Achieved Zero Waste to Landfill accreditation for UK Distribution centres.
  • Reduced average gas oil consumption by 11% following the implementation of an energy management system (EMS) at Hazel Grove.
  • Upgraded lighting systems at multiple UK facilities, resulting in energy savings.
  • Removed paper towels from washrooms, replacing with hand dryers, saving approximately £20k per year and reducing waste.
  • Over 8.4m items given a ‘second life’ per annum.

Social Achievements

  • Increased wages at the lowest end of the pay scales for the second consecutive year.
  • Launched NEST, an online suite of software products to support employees.
  • Implemented a performance-based rewards program for top talent.
  • Completed a leadership development program.
  • Raised £12,500 for charity EGG: Engage, Grow, Go.

Governance Achievements

  • COO Ian Storey took on executive responsibility for climate-related matters.
  • Formalisation of carbon management strategy.
  • Initial, qualitative scenario analysis assessment completed.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2038
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Increased cost of supply due to increased demand for second-hand products and intensified competition.
  • Increased stakeholder concern regarding environmental impact.
  • Maintaining FCA authorisation for offering credit hire agreements and BNPL payment options.
Mitigation Strategies
  • Competitive pricing, expanded reach through SMARTDrop kiosks, flexible offering through rental and BNPL.
  • Proactive approach to reducing operational emissions, collaboration with value chain partners, annual review of Scope 3 emissions methodology.
  • Good working practices, adherence to laws, and maintenance of reporting requirements, engagement with a third-party legal consultancy firm.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Review of supplier ESG policies

Climate-Related Risks & Opportunities

Physical Risks
  • Heat stress
  • Extreme wind events
Transition Risks
  • Increased cost of supply
  • Increased stakeholder concern
Opportunities
  • Development of low-emission goods and services

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001

Third-party Assurance: Envantage Ltd

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 12 (Responsible consumption and production)
  • Goal 13 (Climate action)

Extending the lifespan of products, reducing e-waste, using renewable energy.

Sustainable Products & Innovation

  • Refurbished consumer technology and physical media products

Awards & Recognition

  • Not disclosed