Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Safety
• Sustainability
• Circular Economy
• Supplier Engagement
• Community Engagement
• Employee Well-being

Environmental Achievements

• 11% reduction in total carbon emissions in FY23 from the previous year (However, % of data comes from estimated figures)
• Zero accidental environmental releases in 2023
• Maintained ISO 14001 global certification with no major NCRs
• 37% reduction in global waste to landfill (However, % of data comes from estimated figures)
• Reduced plastic hangers by 94,000 per year, equating to approx. 15,000 KgCO2
• Replaced plastic packaging with recyclable boxes
• Annual reduction in plastic packaging of 16,400m2
• Donated over 25 tons of material
• Pilot schemes resulted in repurposing of materials
• Received the Innovation Award at the Wescom Group distributor awards for reusable liferaft packaging pouches

Social Achievements

• Launched Purpose Day, with 26 sites and 800+ individuals participating
• 72% of employees believe Survitec has an inclusive work environment
• Issued 120 Thank You Awards and 32 Value Awards in 2023
• Implemented a Global Hybrid Working policy
• Won the Diversity and Inclusion Award at the Offshore Achievement Awards
• Created the Global Health and Occupational Safety Team (GHOST)
• 56% completion of Ghost meetings and 40% completion of DEI OHSAS training
• Signed the Wellbeing of Women’s Menopause Workplace Pledge
• Partnered with Henpicked for menopause workplace training
• Implemented Ambassadors for Change program

Governance Achievements

• Established an ESG Committee
• Achieved Cyber Essentials and Cyber Essentials Plus certifications
• Implemented further controls in line with DFARS CMMC requirements
• Implemented a monthly global patching cycle for IT security
• Conduct regular penetration testing and vulnerability management
• Implemented a whistleblowing policy
• Maintained anti-bribery and corruption, anti-money laundering, and other compliance policies
• Zero anti-bribery, anti-money laundering, and anti-competition breaches reported

Climate Goals & Targets

Environmental Challenges

• Increased regulatory definition of climate-related requirements and targets
• Wider awareness of environmental impacts of corporate organizations
• Increased stakeholder expectations regarding climate and ESG
• Lack of appropriate investment in sustainable innovation and procurement
• Increased risk of flooding and extreme weather events

Mitigation Strategies

• ESG Committee manages ESG risks
• Periodic reviews of risk registers and deep dives
• Documented mitigation plans with due dates and owners
• Engaged external third parties to benchmark environmental preparedness, social responsibilities, and corporate governance frameworks
• Multi-level management reviews feeding into the annual Executive Management Review
• Implementation of robust business continuity processes

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• ISO 14001 compliance for applicable suppliers
• Supplier Code of Conduct
• Evaluation, approval, and monitoring of suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Extreme weather events

Transition Risks

• Increased regulatory requirements

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB

Certifications: ISO 14001:2015, ISO 9001, ISO 45001, Cyber Essentials, Cyber Essentials Plus

Third-party Assurance: DNV

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• New lifejacket with modular design
• No-trace packaging alternative

Awards & Recognition

• SAFETY4SEA Technology Award
• Offshore Achievement Awards Diversity and Inclusion Award
• ESG Shipping Awards Health and Safety Award - Silver
• Liverpool Shipwreck and Humane Society Inaugural MV Derbyshire Award
• Wescom Group Innovation Award