Page 65 - Vaculug Sustainable Report 2022

OUR COMMITMENTS FOR THE NEXT 3 YEARS:
• We are committed to achieving carbon net-zero (scopes 1 and 2) across our business operations by 2030.
• We are committed to completing our baseline carbon assessment by June 2023.
• We are committed to completing a third-party audit of our carbon assessment by August 2023.
• We are committed to submitting science-based targets (SBTi) in August 2023.
• We will have a full hybrid fleet of company vehicles by 2025.
• We invested in eight fast-charging stations in 2022 (installed in 2023)
• We will continue to measure and track our water consumption with the aim of reducing our usage year over year.
• By 2025, we will target at least 50% of procurement spent with suppliers with a verified ESG policy.
• In 2023 we will introduce Meat-free Mondays, whereby Vaculug employees will be given the option to eat a meat-free meal for free at all three of the company’s office cafeterias in Grantham, Leicester, and London.
• In 2023 we will aim to support SDG 15 (Life on Land) through various biodiversity initiatives.
• We will aim to further improve our sustainable facilities & manufacturing practices by exploring renewable energy options, such as solar panels and/or more efficient practices, such as installing batteries that charge overnight.
• We will continue to improve our industrial processes to earn energy certifications.
SUSTAINABILITY COMMITTEE
Vaculug is the World’s first independent retreader to develop a Sustainability Committee, which by simple definition is a body that is accountable
for the sustainability strategy and performance
of the business. Not only is it a core part of good governance in any one company, its role is also to integrate both business and sustainability priorities so that the Company is able to thrive.
The aim of the committee is to establish a unified view of ESG, increasing understanding of all three aspects, environmental, social and governance, and to promote robust standards of corporate governance that integrate all these aspects. This will help the industry to integrate ESG factors into the real estate investment decision-making process.
The Environmental, Social and Governance Committee (“ESG Committee”) purpose is to support the Company’s ongoing commitment to environmental stewardship, health and safety, corporate social responsibility, corporate governance and sustainability as relevant to the Company.
Key objectives of an ESG Committee:
• Emphasize importance of environmental measures, sustainability goals and performance, at all levels of the business;
• Provide best practice on the structure, policies and regulations that impact the business;
• Increase understanding and awareness of corporate governance and social aspects that impact the industry;
• Implement and promote common and workable standards of corporate governance for the business;
• Vaculug, globally, follows its sustainability policies and is committed to ensure sustainable practices in its production, offices and services.
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