Climate Change Data

TVS Interfleet Group

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Waste Management
  • Human Rights
  • Governance
  • Product Safety
  • Supply Chain Sustainability
  • Diversity, Equity & Inclusion (DE&I)
  • Employee Wellbeing

Environmental Achievements

  • Transitioning fleet away from fossil fuels
  • Investigating energy-efficient equipment replacements
  • Adhering to waste hierarchy (minimizing, maximizing recycling, diverting from landfills)
  • Monitoring water consumption for leaks

Social Achievements

  • Providing training, development, and advancement opportunities to staff
  • Developing employment standards and HR policies for consistency and transparency
  • Implementing a 4-day working week and hybrid options for office staff
  • Developing an ESG vendor governance framework

Governance Achievements

  • Established an ESG committee to track progress against set ESG targets
  • Conducted a materiality assessment amongst stakeholders
  • Implementing policies and procedures and regularly reviewing systems' effectiveness

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero GHG emissions by 2050
Short-term Goals:
  • Reduce emissions by 50% by 2025 (aligned with IPCC recommendations)

Environmental Challenges

  • Not currently economically feasible to procure renewable gas
  • Managing supply chain effectively and ensuring supplier compliance with ESG standards
Mitigation Strategies
  • Continuously assessing the feasibility of renewable gas procurement
  • Developing an ESG vendor governance framework and Supplier Code of Conduct

Supply Chain Management

Responsible Procurement
  • Developing an ESG vendor governance framework
  • Implementing a Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN SDGs, Paris Climate Agreement, Science-Based Targets initiative

Third-party Assurance: Sustainable Advantage (independent evaluation)

UN Sustainable Development Goals

  • Goal 3
  • Goal 5
  • Goal 8
  • Goal 9
  • Goal 12
  • Goal 13

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

  • Green Mixer