Sustainability

Sustainability is an integral part of our purpose to Transform Tomorrow Together. It's our ambition to become a sustainability leader, working in partnership with our customers, suppliers and local communities to create a sustainable future.

We are committed to playing our part in looking after the environment and protecting it from significant issues such as climate change. We do this not only by improving the footprint of our own operations, such as reducing the emissions from our manufacturing facilities, but also by providing solutions to customers to help them manufacture more with less, and to deal with the shift to a more sustainable world.

Our commitment to Net Zero

In November 2021, we announced our Net Zero targets and the UN Sustainable Development Goals (SDGs) that we are actively contributing towards. This means (i) minimising our environmental impact, and (ii) working in partnership with our customers, suppliers and local communities to create positive change for people as well as the planet.

As a responsible business that believes in acting with integrity, we strive to help create a more sustainable future. That means making our own products in ways that minimise our impact on people and the planet, and helping our customers and suppliers achieve their own sustainability goals.

Will Lee, Chief Executive

Introducing our ESG Strategy

Developed using the United Nations Sustainability Development Goals (UN SDGs) as a guide, our ESG strategy sets out three environmental, social and governance goals.

As a business, we have moved towards a business-function-led, and sustainability-team-supported approach. This means we are focused on enabling business functions to own specific sustainability challenges that they are uniquely placed to solve.

Our goals and objectives go beyond the Net Zero greenhouse has (GHG) emissions targets that we set in FY2021, since we know that creating a sustainable future requires more than reducing emissions. Our targets have been approved by the Science Based Targets initiative (SBTi) and we continue to progress commitments towards those milestones.

Overall Net Zero target - reach Net Zero GHG emissions across our value chain by FY2050.

Near-term targets - reduce absolute Scope 1 and 2 GHG emissions by 90% by FY2028 from a FY2020 base year. We also commit to reduce absolute Scope 3 emissions by 50% by FY2030 from a FY2020 base year.

Long-term targets - maintain a minimum of 90% absolute reduction in Scope 1 and 2 GHG emissions from FY2028 through to FY2050, from a FY2020 base year.

To achieve our targets, we need to reduce our greenhouse gas (GHG) emissions by 90% compared to our FY2020 baseline. We will also invest in credible carbon capture and removal programmes to address the remaining 10% of emissions.

UN Sustainable Development Goals

Reducing GHG emissions is just one part of a balanced sustainability delivery plan. That's why we've identified three UN SDGs most relevant to our business and where we can have the most impact. We have continued to work to support these goals.