TIDMBOOT
Boot(Henry) PLC
28 June 2021
28 June 2021
Henry Boot PLC sets Net Zero Carbon target for all direct
emissions by 2030
Henry Boot today launches its Net Zero Carbon (NZC) Framework,
which provides a long-term guide for the business to achieve NZC
for all direct greenhouse gas emissions (GHG) by 2030.
In the UK, the built environment contributes around 40% of
(GHG). Whilst Henry Boot's carbon emissions have been decreasing
since 2013, it recognises the importance of accelerating action and
continuing to reduce its environmental impact with a clear pathway
to NZC, as part of its wider Responsible Business Strategy which
builds on strong foundations in this area.
In 2020, a dedicated team was established comprising people from
across the business, led by Ed Hutchinson (Managing Director of
HBD) and Tony Shaw (Managing Director elect of Henry Boot
Construction) to create a Framework to achieve NZC. The resulting
Framework, which has been created in collaboration with specialist
environmental consultancy Anthesis is guided by three key
objectives:
1. To achieve NZC for directly controlled GHG emissions (Scopes 1 and 2) by 2030.
2. To enhance understanding of the businesses' indirectly
controlled emissions and deliver reduction solutions.
3. To empower our people and partners to take positive action to collaboratively decarbonise.
The NZC Framework is tailored to Henry Boot's operations and
uses the Group's 2019 GHG emissions as a baseline for measuring
emissions reduction. The first phase of the Framework (2021-2025)
will guide Henry Boot to deliver short term reduction measures for
directly controlled emissions (Scopes 1 and 2). Key initiatives
include:
-- An energy and resource audit of all controlled sites followed
by the delivery of proposed carbon reduction solutions.
-- Launch of fleet renewal programme, with the aim of all fleet
cars and vans to be electric by 2030.
-- Initial delivery of the sustainable HGV renewal programme.
-- Generator decarbonisation programme to replace all generators
with sustainable alternatives.
-- Rapid introduction of biodiesel to decrease emissions whilst
vehicle fleet and generators are replaced.
-- Launch of new Agile Working Framework and Sustainable
Transport Policy both of which support the targeted 20% reduction
in business travel.
From 2026, the Group will continue to accelerate its
decarbonisation programme to reach its target of NZC for all direct
emissions by 2030 whilst delivering its medium-term strategic
target of growing capital employed by over 40%.
Henry Boot has committed to responsibly offset any residual
emissions produced by commercial activity through the funding of
accredited carbon-offsetting schemes.
Tim Roberts, Chief Executive Officer said:
"This is an exciting step for Henry Boot as we continue to
enhance our environmental stewardship. We have always been a
business that takes a long-term strategic view, focusing on
authentic delivery - and our approach to tackling climate change
will be no different. The NZC Framework demonstrates the
adaptability of Henry Boot, as we evolve our business model to
support a cleaner, healthier planet for all of us - all whilst
continuing to grow our business.
All my instincts tell me that by doing the right thing, and
acting responsibly with regards to our stakeholders, we will be
creating long term value in the business and of course help create
a better planet for us all to enjoy"
A downloadable version of Henry Boot's NZC Framework can be
downloaded here .
Enquiries:
Henry Boot PLC
Tim Roberts, Chief Executive Officer
Darren Littlewood, Group Finance Director
Jack Kidder, Responsible Business Manager
Daniel Boot, Group Communications Manager
Tel: 0114 255 5444 | communications@henryboot.co.uk |
Numis Securities Limited
Joint Corporate Broker
Garry Levin/George Fry
Tel: 020 7260 1000
Peel Hunt LLP
Joint Corporate Broker
Charles Batten/Harry Nicholas
Tel: 020 7418 8900
Hudson Sandler
Wendy Baker/Sophie Miles
Tel: 020 7796 4133
Email: henryboot@hudsonsandler.com
About Henry Boot PLC
Henry Boot PLC (BOOT.L) was established over 135 years ago and
is one of the UK's leading and long-standing property investment
and development, land promotion and construction companies. Based
in Sheffield, the Group is comprised of the following three
segments:
Land Promotion:
Hallam Land Management Limited
Property Investment and Development:
Henry Boot Developments Limited (HBD) , Stonebridge Homes
Limited
Construction:
Henry Boot Construction Limited , Banner Plant Limited , Road
Link (A69) Limited
The Group possess a high-quality strategic land portfolio, an
enviable reputation in the property development market backed by a
substantial investment property portfolio and an expanding, jointly
owned, house building business. It has a construction specialism in
both the public and private sectors, a long-standing plant hire
business, and generates strong cash flows from its PFI contract
through Road Link (A69) Limited.
www.henryboot.co.uk
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