Page 64 - Vaculug Sustainable Report 2022

OUR APPROACH TO REDUCING OUR ENVIRONMENTAL IMPACT
We remain committed to reducing our
carbon footprint over the course of this decade. With our carbon reduction strategy, we are on
a path that will lead us to becoming carbon net-zero by 2030. Our commitments to the environment are regularly monitored through independent auditing. Through our environmental management system, we have committed to:
• Minimise waste, make efficient use of energy
and reduce carbon emissions into the atmosphere.
• Consult with our employees on matters affecting the environment.
• Be a good neighbour and to hold regular review meetings with local authorities concerning our impact on the environment.
• Ensure all reject casings are disposed of via registered Tyre Disposal Agents and, wherever possible, we ensure that this waste is recycled.
• Develop procedural policies to encourage suppliers to address their own environmental issues.
• Address environmental issues relating to products that we distribute.
• Consider the impact on the environment in any capital purchase of equipment.
• We are testing polymers and increase efficiencies in relation to product performance.
• Apply our #SustainableThinking approach to all operational and business decisions.
From an industry perspective, the primary governing body is the UK Governments Environmental Agency.
In 2022, the Environmental Agency awarded Vaculug an A-Rating for the company’s compliance with environmental standards and regulations, making us the only retreader in the world to have an A-Rating from the Environmental Agency in 2022.
A LOOK AHEAD - OUR ENVIRONMENTAL PROMISES FOR THE WAY FORWARD
To further reduce our impact on the environment and to improve on our existing environmental management practices, over the next year we will be focused on formalising and documenting our processes related to waste management, natural resources, and recycling. In relation to how we work with our suppliers and value chain, we will update our procurement policies to ensure our suppliers are meeting our ESG standards across their own operations.
By the end of 2025, we will aim
for at least 50% of our procurement contracts to be spent with suppliers that operate in accordance with
a verified ESG policy.
SUSTAINABILITY IN MOTION 2022 64