Rico Logistics Ltd, Trading As TVS SCS IFM
Climate Impact & Sustainability Data (2020-03 to 2023-03)
Reporting Period: 2020-03 to 2023-03
Environmental Metrics
Total Carbon Emissions:22,035 tCO2e/year (2022/23)
Scope 1 Emissions:534 tCO2e/year (2022/23)
Scope 2 Emissions:151 tCO2e/year (2022/23)
Scope 3 Emissions:22,035 tCO2e/year (2022/23)
ESG Focus Areas
- Climate Change
Environmental Achievements
- Implemented various environmental management measures and projects since 2020/21 baseline (quantification pending due to pandemic distortions)
- Established a new ESG Working Group in late 2022 to develop emission reduction plans
- Appointed specialist consultants to assist in sustainability journey and achieve PAS 2060/ISO14068 certification
- Established new emission data collection systems covering energy use, fuel consumption, transportation, and waste disposal
- Installed low carbon lighting in three UK locations, with a plan for global rollout
Governance Achievements
- Established a new ESG Working Group
Climate Goals & Targets
Long-term Goals:
- Achieve Net Zero emissions by 2040
Short-term Goals:
- Reduce carbon emissions to 18,471 tCO2e by 2026 (15% reduction on 2021/22 emissions)
Environmental Challenges
- Pandemic distortions created lower emissions, making baseline emission reduction calculation difficult
- Need to improve the quality and accuracy of emissions data
Mitigation Strategies
- Working with external consultants to calculate underlying emission reductions
- Establishing new emission data collection systems
- Appointing specialist consultants for carbon management
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: PPN 06/21, GHG Reporting Protocol corporate standard, SECR, Corporate Value Chain (Scope 3) Standard
Certifications: ISO 14001