Electrocomponents' ESG approach April 2021
Overview
Building on our strong track record:
An ESG leader in global industrial distribution, ambition to be top tier across all sectors*
Strong track record in reducing our environmental impacts -
31% reduction in CO2 due to premises energy use since 2015**
Focus on education programmes to inspire future engineers and innovative solutions to key global issues
Extensive support for customers, colleagues, suppliers and our communities during COVID-19, embedded into BAU
Four impact pillars with 2025 targets and initiatives identified
Environment
Customers and suppliers
People and health & safety Community
Underpinned by strong governance, ethics and compliance
Aligned with our purpose and Destination 2025 strategy
ESG mission aligned with our purpose
ESG success factors being integrated into our five strategic priorities, group targets and key initiatives
Building alignment with strategic investment plans
- See slide 18 for our leadership level performance in key ESG benchmarks
- Emissions updated to reflect changes in reporting methodology and emissions factors
Our ESG approach addresses our most material issues
► Materiality assessment conducted in January 2020 to identify key ESG issues
► Customers, suppliers, our people,
shareholders, regulators, media and NGOs
engaged in the process
► 5 key material issue groupings identified:
• Environment
• Customers and suppliers
• People
• Community
• Governance, ethics & compliance
► The materiality assessment combined with the UN's Sustainable Development Goals guided the development of our ESG plan, targets, KPIs and reporting
Our ESG approach at a glance
Our purpose and ESG mission:
Making amazing happen by inspiring a more sustainable world through
education and innovative solutions that improve lives
Four strategic impact pillars:
Environment | Customers and | People and health | Community |
suppliers | & safety |
Underpinned by:
2025 targets and initiatives Strong governance, ethics and compliance
Four strategic pillars
Environment | Customers & suppliers | People and health & | Community | |
safety | ||||
Our focus | Proactively limit our | Work with our suppliers to improve | Build a safe, inclusive and | Enable education and innovation |
environmental impacts to tackle | the sustainability of our value | dynamic culture which enables | that improve lives and inspires | |
climate change and ensure our | chain and deliver innovative and | our people to bring their true self | future engineers | |
business grows sustainably | sustainable solutions for our | to work and thrive | ||
customers | ||||
2025 | Be 50% more sustainable by | Grow our customer NPS score | Increase our female leader | Targets in development for: |
Targets | halving the intensity of our | to 70 | population 2% year on year | new global charity |
emissions, packaging, waste | Further ESG targets in | from baseline of 26% in 2019 | partnership, volunteering and | |
and water impacts* | development | 30% reduction in All Accident | education programme | |
rate* | ||||
Uplift our employee | ||||
engagement score to 77 | ||||
Key | Energy and carbon reduction | Low carbon product ranges | Health & safety | Education for engineers of the |
initiatives | - direct operations and fleet | Product sustainability flags | Diversity & inclusion | future |
Packaging, waste & water | End to end ethical & | Employee engagement | Global partnership with | |
reduction | sustainable value chain - | Working practices, human | Engineers Without Borders and | |
Transport & logistics | sourcing, production, | rights, fair pay | new global charity partnership | |
optimisation | certifications, transport & | Volunteering | ||
Environmental management | logistics, packaging, labour | |||
systems & compliance | standards & human rights | |||
Supporting 6 | ||||
SDGS | ||||
*2018 baseline | ||||
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Electrocomponents plc published this content on 07 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2021 13:19:06 UTC.