Page 7 - Vaculug

TscoPe of the RePoRt
his report covers the period from January 2021 to December 2021. The content of this report focuses on this past year, but also refers to the sustainable growth of our business over the past few decades. Based in Grantham, UK, Vaculug is
comprised of two primary business divisions - retreading and fleet management. This is our first Sustainability Report, which provides an overview of progress made to date, and will serve as a benchmark for our company’s performance and annual disclosure moving forward.
Currently, industry regulations have not yet mandated the transparent disclosure of sustainability practices. As an industry leader driven by our core values, we recognise the important and urgent need for organisations across all sectors to take the lead, and to act today. In this spirit, we decided to publish this first sustainability report, which outlines our environmental, social and governance (ESG) performance, with the support of an external consulting firm and academic expert. The aim of this report is to establish our benchmarks and to share our journey thus far, as well as to define our agenda and commitments going forward.
This is the first time during our 70-year history that we are communicating our goals, our actions and our vision to make the world a better place, in the form of a Sustainability Report.
We are also the first independent retreader in the world to commit to net zero.
In this report we outline our commitments and ambitions for the future, with the aim to accelerate sustainability across our organisation, as well as the industry. This report is just the beginning. Looking ahead, we are committed to a journey of Sustainability in Motion that promises to lead the responsible and prosperous way forward for our company, the industry and for future generations.
SUSTAINABILITY IN MOTION 7