Climate Change Data

Titon Holdings Plc

Climate Impact & Sustainability Data (2010, 2011, 2020, 2023)

Reporting Period: 2010

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Maintained ISO 14001:2004 Environmental Management System
  • Energy used efficiently and consumption monitored
  • Natural resources used efficiently
  • Raw material waste minimized
  • Waste reduced, reused or recycled where practicable
  • Amount of packaging used for products minimized

Social Achievements

  • Employee numbers increased from 171 to 190, largely due to increased throughput at UK and Korean factories
  • Implemented an employee performance management system encompassing Executive Directors

Governance Achievements

  • Compliance with the Combined Code on Corporate Governance (with some exceptions noted in the report)

Climate Goals & Targets

Environmental Challenges

  • Difficult trading conditions in many markets
  • Decline in UK commercial aluminum window market
  • Uncertainty about future due to UK government spending cutbacks and lack of consumer confidence
Mitigation Strategies
  • Greater penetration into the fast-growing energy-efficient ventilation market
  • Expansion of overseas activities
  • Development of new products
  • Maintaining strong relationships with key customers

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 14001:2004

Sustainable Products & Innovation

  • Energy efficient heat recovery ventilation systems (MVHR)

Reporting Period: 2011

Environmental Metrics

ESG Focus Areas

  • Environmental Management
  • Employee Relations
  • Research and Development

Environmental Achievements

  • Maintained ISO 14001: 2004 Environmental Management System
  • Minimized waste, reused or recycled where practicable
  • Monitored energy consumption

Social Achievements

  • Operates an employee performance management system
  • Employee Consultative Committee for information sharing
  • Full consideration to career development and promotion of disabled persons

Governance Achievements

  • Compliance with the Combined Code on Corporate Governance (with exceptions noted in the report)
  • Established Audit Committee and Remuneration Committee
  • Regular dialogue with institutional shareholders

Climate Goals & Targets

Short-term Goals:
  • Improve sales into the UK energy efficient mechanical ventilation market during 2011/2012
  • Launch additional new products during the coming year

Environmental Challenges

  • Disappointing year following modest post-recession recovery
  • Lower gross margins due to worsened trading conditions
  • Reduced demand from window and door manufacturing customers
  • Increased competition in the UK heat recovery ventilation market
Mitigation Strategies
  • Launched further models within product range and made enhancements to existing models
  • Increased Research and Development team
  • Continuously reviewed overheads for further efficiency savings
  • Investment into the South Korean market
  • Commenced litigation against a UK competitor for patent infringement

Supply Chain Management

Responsible Procurement
  • Ongoing supply of product lines by key suppliers is important to Group profits

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Energy efficient ventilation products

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015

Third-party Assurance: British Assessment Bureau

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:748 tCO2e/year (2022: 770)
Scope 1 Emissions:532 tCO2e/year (2022: 535)
Scope 2 Emissions:216 tCO2e/year (2022: 235)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:40.9 tCO2e per £ million of sales of manufactured products (2022: 45.6)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced UK electricity usage by 5% in 2023 against 2022
  • UK motor vehicle fuel usage decreased by 9% over 2022
  • Reduced waste to landfill from the Haverhill production site by 50% by end 2023
  • Investment of over £150,000 in solar panels, generating over 125 Mwh of electricity per year

Social Achievements

  • Continued to put increased focus on hazard spotting, reporting and resolution by all employees
  • Comprehensive Employee Handbook published in 2021 includes all employment policies, Health and Safety policy, Diversity Policy, Safeguarding and IT Security and Environmental policies
  • Support of local and national charities

Governance Achievements

  • Continued to apply the Quoted Companies Alliance Corporate Governance Code

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Medium-term Goals:
  • Return the business to sustained profitability
  • Increase market share
Short-term Goals:
  • Reduce inventory to generate cash
  • Develop Group strategy which will include a committed focus on ESG

Environmental Challenges

  • Weaker housing market impacting demand for products
  • Challenging business environment in South Korea due to slowdown in housing market and transition to mechanical ventilation
  • Supply chain disruptions (eased in 2023)
  • Increased material prices, energy and labour costs
Mitigation Strategies
  • Managing cost base and achieving improved margins
  • Passing on price increases to customers
  • Developing new and existing branded supplier partnerships
  • Improving supply chain and processes
  • Streamlining the Korean corporate structure and operations
  • Investing in research and development
  • Improving business processes and managing overheads

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • HRV4 and HRV4.25 MVHR units, Titon FireSafe® 100m Round Push Through Wall Kit, Hexalock door lock, Terminus security multi-point lock, Roto tilt and turn hardware, Active Vent self-regulating background ventilator

Awards & Recognition

  • HRV4.25 won Domestic Ventilation Product of the Year at the Energy Savings Awards 2023; Titon FireSafe® 100m Round Push Through Wall Kit won Ancillary Product of the Year at the HRV Awards 2023; Titon Ultimate® dMEV achieved ‘Highly Commended’ at the Energy Saving Awards for Domestic Product of the Year