Climate Change Data

Colefax Group PLC

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:282.09 tCO2e/year (UK)
Scope 1 Emissions:184.85 tCO2e/year (UK)
Scope 2 Emissions:97.24 tCO2e/year (UK)
Carbon Intensity:1.39 tonnes of CO2e per UK full-time employee

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • 19% reduction in the intensity ratio (tonnes of CO2e per UK full-time employee) during a year when Group sales increased by 31%
  • Increased the number of electric vehicles in its fleet
  • Expanded the use of smart lighting in its offices and warehouse
  • Partnered with Planet Mark to certify the Group’s carbon footprint in the UK

Social Achievements

  • Promoting an open, honest and fair culture throughout the business
  • Policies which promote and encourage a high level of loyalty and integrity in interactions with stakeholders
  • Policy of equal opportunities in recruitment and promotion
  • Policy to employ disabled persons wherever appropriate

Governance Achievements

  • Adopted the QCA Corporate Governance Code
  • Audit Committee meets twice per year
  • Remuneration Committee meets once per year

Climate Goals & Targets

Environmental Challenges

  • High levels of cost inflation, especially from fabric suppliers impacted by large increases in energy and raw materials costs
  • Rising interest rates and high levels of inflation slowing housing market activity
  • Brexit significantly increased the cost and complexity of doing business in Europe
  • Challenging market conditions caused by the pandemic in the Rest of the World
  • Labour and materials shortages impacting factory production and increasing lead times
Mitigation Strategies
  • Price increases to mitigate supplier price increases
  • Existing inventory provides some margin protection during any time lag between supplier increases and customer increases
  • Major investment in freehold factory in Devon to increase capacity and improve productivity and energy efficiency
  • Strong balance sheet with cash in excess of £21 million
  • Benefitting from the recent strengthening of the US Dollar

Supply Chain Management

Responsible Procurement
  • Sourcing fabrics and wallpapers from over 120 different high-end manufacturers around the world

Climate-Related Risks & Opportunities

Transition Risks
  • Increases in energy costs

Reporting Standards

Frameworks Used: SECR

Certifications: ISO 14001 (Printer)