Climate Change Data

Kinovo plc

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:698.16 tCO2e/year
Scope 1 Emissions:679.72 tCO2e/year
Scope 2 Emissions:28.44 tCO2e/year
Renewable Energy Share:100% (electricity) by end of 2023
Total Energy Consumption:3,025,492 kWh/year
Carbon Intensity:2.42 tCO2e per employee headcount

ESG Focus Areas

  • Climate Change
  • Social Value
  • Governance
  • Mental Wellbeing

Environmental Achievements

  • Achieved PAS 2030 and MCS accreditations for retrofitting low-carbon technologies.
  • Introduced a "Free of Charge" electric vehicle charging installation scheme.
  • Increased use of EV chargers and solar panels in workplaces.
  • Installed a ground source heat pump at Head Office.
  • Reduced Scope 1 direct emissions by 9.18% and Scope 2 indirect emissions by 57%.

Social Achievements

  • Continued prison outreach programs and a 30-year apprenticeship program (10% of workforce).
  • Provided mental health workplace responder training to ten employees.
  • Developed an employee bonus scheme.
  • Delivered £686,590 in social value (over twelve times initial commitment) for Enfield Council.
  • Average pay increase across the Group of over 6%.

Governance Achievements

  • Appointment of a new Non-Executive Director, Kim Wright.
  • Resignation of Non-Executive Director Caroline Tolhurst.
  • Continued to develop risk mitigation practices, strengthening bid team, mobilisation and contract management processes.

Climate Goals & Targets

Long-term Goals:
  • Become net zero by 2040.
Medium-term Goals:
  • Reduce gross CO2 emissions by more than 50% by 2030.
Short-term Goals:
  • Become carbon neutral by March 2023 via offsetting Scope 1 and 2 emissions.
  • All renewing electricity contracts to be from 100% renewable electricity by end of 2023.

Environmental Challenges

  • Labour availability constraints due to Brexit and the Covid-19 pandemic.
  • Cost inflation and supply chain issues exacerbated by the war in Ukraine.
  • Significant problems relating to the disposal of the non-core construction division, DCB (Kent) Limited, resulting in a £12.6 million loss.
  • Wage inflation and labour availability in the employment market, coupled with the increasing cost of living crisis.
Mitigation Strategies
  • Streamlined operations focusing on three strategic pillars: Regulation, Regeneration, and Renewables.
  • Investment in the business development team, resulting in a 34% year-on-year increase in three-year visible revenues.
  • Investment in training and upskilling of employees.
  • Proactive approach to evaluating internal position with external benchmarking, resulting in an average pay increase.

Supply Chain Management

Responsible Procurement
  • Engaging with suppliers to identify those who are ESGM aware.
  • Focusing on limiting needless travel of raw materials.
  • Shifting preference to items that include recycled materials.

Climate-Related Risks & Opportunities

Opportunities
  • Growth in renewables and low-carbon technologies.

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 11 (Sustainable Cities and Communities)

Kinovo's initiatives contribute to these goals through renewable energy installations, sustainable building practices, and community engagement.

Sustainable Products & Innovation

  • Solar photovoltaic
  • Ground source heat pumps
  • Air source heat pumps
  • Electric vehicle charging
  • Energy efficient boilers
  • Energy efficient lighting