We want to end our dependency on virgin fossil materials and fuels, making significant emissions reductions across our value chain through energy efficiency, renewables, material and transport choices.
Reducing emissions
Our targetsReduce our scope one and two GHG emissions by 50% by 2030 from a 2019 baseline, and reach net-zero by 2040 at the latest. Reduce our scope three GHG emissions intensity, from purchased goods and services, and upstream transportation and distribution by 55% per GBP of value added by 2030 from a 2022 baseline, and reach net-zero by 2050 at the latest.
Our progress
38% Reduction in scope one and two GHG emissions since 2019.
30% Reduction in scope three GHG emissions intensity since 2022.
We are committed to continuing to reduce our emissions. In 2022, we reset our baseline for scope one, two and three emissions as part of our transition to a pure-play components business. Since 2019, we have reduced our total scope one and two CO2e emissions by 38%, and indexed to revenue, emissions intensity has declined by 41%. In 2023, our scope three near-term emissions intensity has reduced by 30% compared to our 2022 baseline. Key to this has been our progress in understanding of emissions hotspots within our scope three emissions, working with our supply chain to gather the data required to transition from calculations based on our spend, to activity data which provides more precise measurements. Then using this data to determine actions for decarbonisation. In 2023, we submitted our scope one, two and three near-term and net-zero targets to the SBTi for validation, and these targets were approved in February 2024. To support our targets, in 2023, we developed our inaugural climate transition plan, which can be found in our ESG reporting centre. This plan details the key initiatives we will be focusing on to reduce our emissions further and meet our targets across our scope one, two and three emissions.
Waste
Our targets
All sites to achieve zero waste to landfill by 2030 at the latest.
Reduce waste intensity by 50% by 2030 from a 2019 baseline.
14 sites achieved zero waste to landfill in 2023, and 94% of waste is now diverted from landfill.
Waste intensity has reduced 28% from our 2019 baseline.
We aim to dispose of zero waste to landfill (“zwtl”) across our operations, as well as minimising the waste we generate across the product lifecycle. We recognise that waste, in particular plastic waste, is a key global challenge and reducing our waste generation alongside increasing reuse and recycling will provide us with cost and resource savings. In 2023, two additional sites achieved zwtl, taking our total to 14. Looking ahead to 2024, we have a further seven sites which achieved at least three months of zwtl during the year, and are on track to reach full zero waste to landfill status by the end of 2024. Overall, 94% of solid waste was diverted from landfill across our operations in 2023, an increase of 18% compared to 2022, and our waste intensity has reduced by 28%against our 2019 baseline.