Climate Change Data

Tristel Plc

Climate Impact & Sustainability Data (2021-07 to 2022-06, 2024)

Reporting Period: 2021-07 to 2022-06

Environmental Metrics

ESG Focus Areas

  • Environmental Footprint Reduction
  • Sustainability
  • Employee Well-being

Environmental Achievements

  • Engagement of a sustainability and ESG consultant to examine carbon emissions and develop an ESG strategy. Continued minimising and recycling of waste within all offices.
  • Second calculation of the Company’s carbon emissions.
  • Research into alternative and environmentally friendlier packaging options.

Social Achievements

  • Maintained positive employee relations through surveys, meetings, and social events.
  • Fostered positive relationships with suppliers and customers.
  • Support of local small businesses and charities.

Governance Achievements

  • Corporate Governance Report written with the Quoted Companies Alliance (“QCA”) Corporate Governance Code in mind.
  • Board effectiveness review and implementation of changes.
  • Update to Board reporting enabling improved insight into the business activities.

Climate Goals & Targets

Long-term Goals:
  • Resume steady upward growth trajectory.
Medium-term Goals:
  • Sales growth in the range of 10% to 15% per annum as an annual average over the three years to FY25.
  • Achievement in each year of an EBITDA margin (excluding share‐based payment charge) of at least 25%.
Short-term Goals:
  • All EPA registrations to be granted by 31 March 2023.

Environmental Challenges

  • Brexit impacted UK sales.
  • COVID-19 periodically impacted hospital service levels.
  • Increasing regulatory complexity and demand.
  • Upward pressure on business costs due to increased headcount and regulatory compliance.
  • Maintaining worldwide legal and regulatory compliance.
Mitigation Strategies
  • Product range rationalisation to focus on the hospital market.
  • Investment in Quality Assurance and Regulatory Affairs personnel.
  • Investment in IT and cybersecurity infrastructure.
  • Overseas expansion through subsidiaries and distributors.
  • Holding adequate inventories of components and finished goods.
  • Collaboration with top-tier suppliers.
  • Backfill plan for key personnel absences.
  • Upgraded IT infrastructure to support remote working and enhance cybersecurity.

Supply Chain Management

Responsible Procurement
  • Close collaboration with top-tier suppliers to ensure continuity of supply.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA Corporate Governance Code

Certifications: ISO13485:2016, ISO9001:2015, MDSAP

Third-party Assurance: KPMG LLP

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:5,924 tCO2e/year (FY23)
Scope 1 Emissions:687 tCO2e/year (FY23)
Scope 2 Emissions:640 tCO2e/year (FY23)
Scope 3 Emissions:5,117 tCO2e/year (FY23)
Carbon Intensity:164.6 tCO2e per £m (FY23)

ESG Focus Areas

  • Diversity, equality and inclusion
  • Fair and decent work
  • Health, safety and wellbeing
  • Innovation
  • Waste management and circular economy
  • Carbon emissions
  • Waste management

Environmental Achievements

  • Recalculated FY22 baseline carbon emissions data for improved accuracy.
  • Launched Cache product range, a sustainable alternative to pre-wetted plastic wipes.
  • Improved waste stream management through collaboration with waste collectors.
  • Increased the percentage of readily recyclable packaging waste to 51%.

Social Achievements

  • Achieved an 80% employee engagement rate.
  • Maintained a 3.28% gender pay gap in the UK.
  • Successfully submitted application for Real Living Wage accreditation.
  • Introduced a 24/7 Virtual GP and mental health support services for UK employees.

Governance Achievements

  • Completed a Board effectiveness review and implemented resulting proposals.
  • Successfully completed the UK MDR and EU MDR certifications for the TANK ClO₂ Sporicidal Disinfectant system.
  • Aligned with the Quoted Companies Alliance (QCA)’s Corporate Governance Code.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions for scopes 1, 2, and 3 by 2045.
Medium-term Goals:
  • Achieve net-zero emissions for scopes 1 and 2 by 2030.
  • Increase the percentage of recycled materials in product packaging.
Short-term Goals:
  • Improve data collection processes for ESG metrics.
  • Create Life Cycle Assessments (LCAs) for additional products.
  • Increase the proportion of products and packaging using circular economy principles.

Environmental Challenges

  • Data collection and reporting for ESG metrics.
  • Stringent post-COVID purchasing bureaucracy in North America extending sales processes.
  • Supply chain disruptions and potential for another global pandemic.
Mitigation Strategies
  • Hired a Sustainability Officer to develop and implement sustainability initiatives.
  • Developed alternative sourcing strategies and maintained adequate inventory.
  • Implemented a disaster recovery and business continuity plan, and enhanced IT infrastructure to support remote working.

Supply Chain Management

Supplier Audits: Engaging with top 25 suppliers (60% of spend) to reduce carbon emissions and achieve SBTi validation.

Responsible Procurement
  • Sustainable procurement of natural resources.
  • Requesting carbon emission tracking and reduction from suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, IFRS S1 and S2, QCA Corporate Governance Code, UN Global Compact Ten Principles, UN Global Compact Sustainable Development Goals (SDGs)

Certifications: ISO 13485:2016, ISO 9001:2015, UKCA, EU MDR 217/745

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 5
  • SDG 8
  • SDG 9
  • SDG 12
  • SDG 13
  • SDG 17

Tristel's products and initiatives contribute to these goals through infection prevention, employee well-being, innovation, responsible consumption and production, climate action, and stakeholder partnerships.

Sustainable Products & Innovation

  • Cache product range