Climate Change Data

Rapid Nutrition Plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Negligible
Total Energy Consumption:<40 MWh/year

ESG Focus Areas

  • Sustainability
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Developing a new-look sustainable packaging for its products as part of Rapid Nutrition’s Corporate Social Responsibility commitments.

Social Achievements

  • Continued to attract experienced talent and enhance leadership to the Rapid Nutrition team with the appointment of experienced senior managers and strategic engagement of senior digital team in Australia, China and South America to bolsters the company’s online D2C market share in key markets.
  • Ensuring the customer is at the heart of every decision.

Governance Achievements

  • Established Audit, Remuneration, Nomination and Disclosure Committees.
  • Implemented a new sustainability strategy.

Climate Goals & Targets

Short-term Goals:
  • Increase focus on direct-to-consumer channels in UK, Europe, Australia, China and the US.

Environmental Challenges

  • Regulatory Risk: Changes in regulations affecting products.
  • Liquidity Risk: Maintaining sufficient liquidity to meet working capital requirements.
  • Foreign Exchange Risk: Adverse movements in foreign currency exchange rates.
  • Brexit/Regulatory changes: Potential adverse impact of Brexit.
  • Online Marketing/Technology shifts: Increasingly competitive digital channels.
  • Loss of Key Personnel: Unforeseen loss of key personnel.
Mitigation Strategies
  • Adapting product formulations to ensure compliance.
  • Careful cash management policies and shareholder support.
  • Monitoring legislative and regulatory changes.
  • Constantly reviewing bid costs and using alternative avenues in digital markets.
  • Continuity program to minimize disruption from loss of key personnel.
  • Securing significant institutional investments.

Supply Chain Management

Responsible Procurement
  • Strategic partnerships with contract manufacturers who lead in sustainable, responsible and clean ingredient sourcing and renewable energy manufacturing practices.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • New-look sustainable packaging