Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Health and Safety

Environmental Achievements

• Continual investment in new technologically advanced and environmentally friendly non-seasonal products
• Met the mandatory requirements of the Energy Savings Opportunity Scheme (ESOS) in the UK
• ISO 14001:2015 certification in the UK and UAE

Social Achievements

• Aims to achieve world-class performance in health and safety
• Regular personal development reviews are conducted, with training and development plans being devised for each employee
• Operates a training and development programme for its employees

Governance Achievements

• Applied the Quoted Companies Alliance (QCA) corporate governance code
• Established an Audit Committee and a Remuneration Committee

Climate Goals & Targets

Environmental Challenges

• Competition, product innovations and industry changes
• Potential impact of the weather
• Market conditions in the Middle East

Mitigation Strategies

• Investment in new environmentally friendly, technologically advanced products and equipment
• Expansion of non-weather-related business
• Diverse product range
• Careful cost control

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA corporate governance code

Certifications: ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, CEMARS (in accordance with ISO 14064-1:2006)

Sustainable Products & Innovation

• New technologically advanced and environmentally friendly non-seasonal products

Environmental Metrics

ESG Focus Areas

• Environmental improvements (reduced emissions and fuel efficiency)
• Health and safety
• Employee well-being
• Community engagement
• Ethical business conduct

Environmental Achievements

• Met the mandatory requirements of the Energy Savings Opportunity Scheme (ESOS) in the UK
• Certification to ISO 14001:2015 (UK and UAE), ISO 45001:2018 (UK)

Social Achievements

• Commitment to being a responsible employer
• Training and development program for employees
• Regular personal development reviews
• Access to third-party assistance for personal issues
• Engagement with Community Trusts and Charities

Governance Achievements

• Compliance with the Quoted Companies Alliance (QCA) corporate governance code
• Open engagement with shareholders
• Relationship agreement with controlling shareholder

Climate Goals & Targets

Environmental Challenges

• Milder winter and cooler summer in the UK in 2019 reduced demand for climate-related products
• Increased payroll and overhead costs in mainland Europe due to expansion
• High levels of price competition in the UK fixed installation business
• COVID-19 pandemic impacting customer demand and supply chain (reported in outlook section)

Mitigation Strategies

• Continued investment in new environmentally friendly, technologically advanced products and equipment
• Cost control and cash management
• Expansion of non-weather-related business
• Diverse product range to take advantage of weather conditions
• COVID-19 mitigation: alternative sourcing strategies, furloughing employees, communication with stakeholders, cash management

Supply Chain Management

Responsible Procurement

• Regular meetings with key suppliers to ensure relationships are optimized and new innovation is prioritized
• Non-conformance process in place

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions affecting demand for climate-related products

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: IFRS

Certifications: ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, CEMARS (in accordance with ISO 14064-1:2006), ISO 45001:2018

Third-party Assurance: Grant Thornton UK LLP

Environmental Metrics

ESG Focus Areas

• Environmental
• Health and Safety
• Employee Wellbeing
• Community Engagement

Environmental Achievements

• Continued investment in hybrid vehicles to reduce fuel consumption.
• Installation of LED lighting with PIR sensor technology in depots to reduce energy consumption.
• Reduced travel due to the pandemic, increasing online meetings.
• Continued investment in environmentally friendly equipment in the hire fleet.

Social Achievements

• Introduced social distancing measures, furloughed employees where appropriate, and embraced home working.
• Cleaning and sanitizing all equipment prior to dispatch, non-contact deliveries, and mandatory use of PPE.
• Training and development program for employees to encourage staff retention and internal promotion.
• Regular personal development reviews with training and development plans for each employee.
• Access to third-party assistance for employees on personal issues.
• Engagement with community trusts and charities.

Governance Achievements

• Compliance with the Quoted Companies Alliance (QCA) corporate governance code.
• Regular meetings with key suppliers to ensure optimized relationships and new innovation.
• Open engagement with shareholders.
• Relationship agreement with controlling shareholder to manage business for the benefit of all shareholders.
• ISO 9001:2015, ISO 14001:2015, CEMARS (in accordance with ISO 140641:2006), and ISO 45001:2018 certifications (UK).

Climate Goals & Targets

Environmental Challenges

• Coronavirus pandemic impacting trading across all businesses.
• Lockdowns and 'stay at home' guidance affecting traditional opportunities in facilities management and events sectors.
• Severe COVID-19 restrictions in the UK and Europe.
• Relatively mild winter in the UK.
• Postponement of Expo 2020 and slump in oil price in the Middle East.
• High levels of price competition in the UK fixed installation market.

Mitigation Strategies

• Modified service aspects to suit clients and staff (cleaning, sanitizing, non-contact deliveries, PPE).
• Capitalized on demand from other industries to generate profitable revenue (COVID-related projects).
• Cost control, cash, and working capital management.
• Capital expenditure concentrated on assets with strong returns.
• Continued investment in new products and services.
• Development of new COVID-secure operating methods.
• Careful cost control to ensure satisfactory profits even during difficult market conditions.

Supply Chain Management

Responsible Procurement

• Regular meetings with key suppliers to ensure optimized relationships and new innovation.
• Non-conformance process in place.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CEMARS (based on Greenhouse Gas Protocol and ISO 14064-1:2006)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 (UK), ISO 9001:2015 (UAE), ISO 14001:2015 (UAE)

Third-party Assurance: Verified to ISO14064 Part 1 2018 and CEMARS

Sustainable Products & Innovation

• Environmentally friendly equipment

Environmental Metrics

ESG Focus Areas

• Climate change
• Health and safety
• Business ethics
• Modern slavery
• Human rights

Environmental Achievements

• Reduced Scope 1 and 2 emissions by 613.30 tonnes of CO2e, or 18.1%, compared to the previous year. Reduced tonnes of CO2e per £m turnover by 13.7%, from 40.77 to 35.19.

Social Achievements

• Reduced staff absenteeism from 1.42% to 1.01% of total working days.
• Operates a training and development program for employees, including regular personal development reviews and access to third-party support.

Governance Achievements

• Voluntarily complied with TCFD requirements despite headcount dropping below 500 employees.
• Established a specific ESG Committee headed by a Group ESG Director.

Climate Goals & Targets

Environmental Challenges

• Inflationary pressures and tight labor markets impacting the UK and European economies.
• Exit from the French market due to continuous losses.
• Challenging operating climate in the Middle East with a lack of significant infrastructure projects.
• Labor availability impacting the ability to service contracts in the UK installation business.

Mitigation Strategies

• Careful cost management.
• Strong relationships with customers and key suppliers.
• Focus on growing profitable businesses elsewhere.
• Installation of new local management in the Middle East.
• Cost control and working capital management.
• Investment in assets with strong returns (£6.3 million in hire fleet and £0.3 million in property, plant, and equipment).
• Transitioning vehicle fleet away from internal combustion engines to hybrid and full electric technology.
• Promoting video conferencing and reducing business travel.

Supply Chain Management

Responsible Procurement

• Regular meetings with key suppliers to ensure relationships are optimized and new innovation is high on the agenda.

Climate-Related Risks & Opportunities

Physical Risks

• Floods
• Heatwaves
• Wildfires

Transition Risks

• Policy and legal changes
• Technological changes
• Market shifts
• Reputational damage

Opportunities

• Increased demand for low-carbon emission products and services.
• Increased demand due to extreme weather events.
• Shift in customer preference from ownership to rental.

Reporting Standards

Frameworks Used: TCFD, Greenhouse Gas (GHG) Protocol

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, CEMARS (in accordance with ISO 14064-1:2006)

Third-party Assurance: Mazars LLP

Sustainable Products & Innovation

• Environmentally friendly equipment