Climate Change Data

McLaren Holdings Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

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

  • Climate Change
  • Community Investment
  • Workforce Diversity
  • Business Conduct

Environmental Achievements

  • Achieved zero waste to landfill (maintained from 2016)
  • Reduced CO2 emissions by 2.5% year-on-year (target)

Social Achievements

  • Partnership with Plan International to support STEM education and challenge gender stereotypes
  • Initiatives to improve employee relations (flexible working, relevant benefits, updated intranet)

Governance Achievements

  • Compliance with Wates Corporate Governance Principles for large private companies
  • Formal Dealing Policy to prevent insider trading
  • Formal whistleblowing policy

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Assess the availability of suitable technology to deliver an all-electric vehicle
Short-term Goals:
  • Return to a broader product mix, higher volumes, and reduced one-off costs in 2024

Environmental Challenges

  • Lower customer demand due to model mix shift and economic conditions
  • Increased costs due to inflation and investment in quality processes
  • Supply chain disruptions
  • Delayed Artura production
Mitigation Strategies
  • Close collaboration with suppliers to manage supply chain risks
  • Investment in enhanced quality processes
  • Capital reorganisation to simplify capital structure and provide additional funding
  • Focus on a broader product mix in 2024

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Close relationships with suppliers to ensure proactive engagement on potential risks and disruptions

Climate-Related Risks & Opportunities

Physical Risks
  • Rising temperatures and associated flood risks
Transition Risks
  • Global shift away from fossil fuels
  • Changing vehicle emissions regulations
Opportunities
  • Development of energy-efficient products and hybrid/electric vehicles

Reporting Standards

Frameworks Used: TCFD (planned for 2024), UN Sustainable Development Goals

Certifications: Carbon Trust certification for energy and carbon management

Third-party Assurance: PricewaterhouseCoopers LLP

UN Sustainable Development Goals

  • Not disclosed

McLaren Group board reviewed and agreed a sustainability framework and governance process based on the relevant aspects of the United Nations 17 Sustainable Development Goals.

Sustainable Products & Innovation

  • Artura (high-performance hybrid supercar)

Awards & Recognition

  • Not disclosed