World Environment Day: Travis Perkins plc exceeds carbon reduction targets

Travis Perkins plc is pleased to report that we have exceeded our carbon reduction target 12 months early; reducing our carbon intensity by 16% on 2013 levels, exceeding our target set for 2017 of 11%.

 

“I am really pleased that we have gone well beyond our 2017 target 12 months early. When setting targets, it’s hard to know what to aim for but this has shown us that we can be confident and really challenge the business,” advised Jez Cutler, head of environment and sustainability.

 

Travis Perkins plc is one of 222 businesses to sign up to the Science Based Targets initiative that is supporting companies to set targets that are aligned to climate science. Science-based targets provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions.

 

The Paris agreement in 2015 saw 195 of the world’s governments commit to prevent dangerous climate change by limiting global temperature rise to below 2 degrees celsius. Company targets that help reduce emissions in line with the level needed to meet the Paris agreement are considered ‘science-based.’

 

Another way we are showing our commitment to climate change is through CDP (formally the Carbon Disclosure Project). CDP is the annual reporting initiative where more than 6000 organisations worldwide disclose environmental information, such as greenhouse gas emissions, on the request of shareholders or clients.

 

CDP request information on climate risks and low carbon opportunities on behalf of 827 institutional investor signatories with a combined US$100trillion in assets. The information provided by companies is then graded on a scale: A (Leadership), B (Management), C (Awareness), D (Disclosure).

 

“The group has retained its B classification this year despite the increased evidence demands and the changes to the questionnaire,” said Jez. “CDP helps demonstrate our transparency and commitment to acting on climate change. We also participate in the forestry questionnaire as the supply of timber is an important part of our business.”  

 

The Group’s performance has been solid in recent years, consistently moving up the scale from 88B in 2013 and 2014 to 99B in 2015.  Further information is available on the Performance page.  

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