Renewi : CDP Climate Change Questionnaire 2023

Renewi - Climate Change 2023

C0. Introduction

C0.1

(C0.1) Give a general description and introduction to your organization.

Renewi is a leading waste to product company that gives new life to used materials every day. Recycling is essential to the creation of a circular economy, taking discarded materials and transforming them into secondary materials for the future. This has the primary benefits of firstly preservation of natural resources and secondly a reduction in the carbon requirements for processing alternative virgin materials. We have more than 6,500 people who work on 154 operating sites in 5 countries across Europe and the UK. Our extensive operational network means we are always close to our customers.

For Renewi, waste is a state of mind, and an opportunity. Our many years of knowledge and experience, combined with a broad range of services, allow us to offer sustainable, practical recycling solutions. We use innovation and the latest technology to turn waste into useful materials such as paper, metal, plastic, glass, wood, building materials, compost and energy. In other words, we turn today's waste into tomorrow's raw materials. Renewi was created in 2017, from Shanks Group plc and Van Gansewinkel Groep BV, and is listed on the London Stock Exchange and on Euronext Amsterdam.

We focus on making valuable products from waste, rather than on its disposal through incineration or landfill. We believe our business meets the growing need to deal with waste sustainably.

Our divisions:

1. Commercial:

The Commercial Division is located in the Netherlands and Belgium. It provides a wide range of waste-to-product solutions and represents around 65% of Renewi's revenues.

The commercial waste market covers the collection, sorting, treatment and recycling of waste materials from a range of sources. Recycling accounts for 66% of waste processed and is targeted to increase to 75% over 5 years as part of "Mission 75" which is the Group target to recycle 75% of all materials received. The activities also include the energy recovery or disposal of waste streams that cannot be recycled.

Renewi is the market leader in recycling and production of secondary raw materials in the Benelux. We provide customers with cost-efficientwaste-to-product solutions and advise them on how to achieve their own sustainability goals by optimising source separation of waste which can then be converted into high quality raw materials and energy.

Renewi deploys its own sorting and recycling operations for paper, cardboard, wood, plastics, metals and construction and demolition waste, amongst others. Renewi partners extensively with other circular economy enterprises to increase recycling and reuse, and to deliver innovation solutions.

Our unique business model in this market allows us to focus on the value that we can recover from specific waste streams. We then upgrade this waste to new products during its sorting and treatment. We generally collect a large part of the waste ourselves to secure volumes, which we value as sources from which to produce secondary raw materials. We maximise recycling based upon the quality of the waste we collect, and we dispose only of the residues that we are unable to convert into a reusable product or recyclate. In this way, we 'waste no more' both environmentally and economically.

2. Mineralz & Water:

Mineralz & Water has been created by merging our Mineralz and ATM businesses, and is focused on the secondary buildings materials market. ATM and Mineralz activities are centered on decontamination, stabilization and re-use of highly contaminated materials, including soils, sludges, waters, bottom and fly ash, and packed chemical wastes. This Division produces certified secondary products such as FORZ and the separated production from ATM, creating sand, gravel and filler for the construction industry.

3. Specialities:

The businesses within this Division are dedicated businesses based around processing plants, focusing on recycling and diverting specific waste streams. The businesses in this Division have little or no collection activity. The operations span France, Portugal and Hungary in addition to the Netherlands, Belgium and the UK. The Renewi Specialities Division consists of three components: UK municipal PPP contracts, Coolrec and Maltha. UK municipal operates waste treatment facilities for UK city and county councils under long term contracts. Coolrec produces quality secondary materials from fridges and other small electrical devices. Maltha produces glass cullet for use in the production of recycled glass.

Nota bene: Renewi plc was formed by the merger of Shanks Group plc and Van Gansewinkel in February 2017. Previously, Shanks had taken part in CDP, whereas Van Gansewinkel had not. For our 2017 CDP submission we provided data for ex-Shanks only. From the 2018 submission merged Renewi data is being provided. This submission provides a restated baseline of FY22 and current results of FY23. This means, that the records prior to FY22 will no longer be comparable.

C0.2

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(C0.2) State the start and end date of the year for which you are reporting data and indicate whether you will be providing emissions data for past reporting years.

Reporting year

Start date

April 1 2022

End date

March 31 2023

Indicate if you are providing emissions data for past reporting years

Yes

Select the number of past reporting years you will be providing Scope 1 emissions data for

1 year

Select the number of past reporting years you will be providing Scope 2 emissions data for

1 year

Select the number of past reporting years you will be providing Scope 3 emissions data for

1 year

C0.3

(C0.3) Select the countries/areas in which you operate.

Belgium

France

Netherlands

Portugal

United Kingdom of Great Britain and Northern Ireland

C0.4

(C0.4) Select the currency used for all financial information disclosed throughout your response.

EUR

C0.5

(C0.5) Select the option that describes the reporting boundary for which climate-related impacts on your business are being reported. Note that this option should align with your chosen approach for consolidating your GHG inventory.

Operational control

C0.8

(C0.8) Does your organization have an ISIN code or another unique identifier (e.g., Ticker, CUSIP, etc.)?

Indicate whether you are able to provide a unique identifier for your organization	Provide your unique identifier
Yes, a Ticker symbol	LON: RWI
Yes, a Ticker symbol	RWI:NA
Yes, an ISIN code	GB00BNR4T868
Yes, a SEDOL code	BNR4T86

C1. Governance

C1.1

(C1.1) Is there board-level oversight of climate-related issues within your organization?

Yes

C1.1a

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(C1.1a) Identify the position(s) (do not include any names) of the individual(s) on the board with responsibility for climate-related issues.

Position of individual or committee	Responsibilities for climate-related issues
Board Chair	Board Chair: Approval of the Group's strategic aims and objectives, including those relating
	to Sustainability and Climate Change. Also approval of Environment policy.
Director on board	Board NED: Approval of the Group's strategic aims and objectives, including those relating
	to Sustainability and Climate Change. Also approval of Environment policy.
Director on board	4 x Board NED: Approval of the Group's strategic aims and objectives, including those relating
	to Sustainability and Climate Change. Also approval of Environment policy.
	Audit Committee Chair: Audit committee shall:
	1. review risk management systems including those relating to sustainability and climate risk.
	2. debate, review and scrutinise the methodology and approach for reporting in support
	of strategy set by the Board in relation to sustainability and climate change.
	3. Identify, debate and scrutinise the Board's response to environmental and social risks
	with specific focus on associated climate change risk
	4. Provide an advisory role to the Board on the Company's appetite and tolerance with
	respect to climate risks
	5. To monitor, review and refer end of year outcomes to the Board prior to public
	disclosure including the Group's compliance with the recommendations and requirements
	of The Task Force on Climate-Related Financial Disclosures (TCFD) and any relevant
	disclosures mandated under applicable legislation and regulations.

C1.1b

(C1.1b) Provide further details on the board's oversight of climate-related issues.

Frequency with which	Governance mechanisms into	Scope of	Please explain
climate-related issues	which climate-related issues are	board-
are a scheduled	integrated	level
agenda item		oversight
Scheduled - all	Overseeing major capital	<>	Our purpose is to protect the world by giving new life to used materials. Recycling and circular economy facilitation is discussed at every
meetings	expenditures	Applicabl	meeting, being the core business of the Group. All targets, including the climate-related ones, are approved by the Board. Renewi's
	Reviewing and guiding strategy	e>	strategic direction is aligned with overall sustainability strategy.
	Monitoring progress towards		The Board considers climate
	corporate targets		change issues when reviewing and
	Overseeing and guiding public policy		guiding strategy and investment decisions.
	engagement		The Board also has ultimate responsibility
	Other, please specify (Oversight of		for ESG, sustainability and climate-related
	the businesses, including methods		risks and opportunities. For example, the
	and applications of giving new life to		Board requires each organic investment as
	used products)		well as every M&A or divestment proposal to
			cover its impact on the company's carbon
			footprint and recycling rate. It also sets ESG
			related performance objectives for
			management. Finally, this also includes
			approving Renewi's climate-related risks
			and opportunities included in the risk
			register and setting climate-related targets.
			Climate change is discussed at least every
			six months through updates from the
			Executive Committee, during which progress
			against set targets is discussed.
Scheduled - some	Reviewing and guiding annual	<>	The Board receives updates from the TCFD Taskforce via the Audit Committee. TCFD disclosures is also reviewed at least annually.
meetings	budgets	Applicabl	Other matters are discussed at meetings at specific points in the year. Oversight is given to all these matters although specific topics are
	Overseeing major capital	e>	discussed in detail at the Board's committee level and summarised at the Board. The Board and its Committees are provided with
	expenditures		information by the management team.
	Overseeing acquisitions, mergers,
	and divestitures
	Reviewing innovation/R&D priorities
	Overseeing and guiding employee
	incentives
	Reviewing and guiding strategy
	Overseeing and guiding the
	development of a transition plan
	Monitoring the implementation of a
	transition plan
	Overseeing and guiding scenario
	analysis
	Overseeing the setting of corporate
	targets
	Monitoring progress towards
	corporate targets
	Overseeing and guiding public policy
	engagement
	Overseeing value chain engagement
	Reviewing and guiding the risk
	management process
Sporadic - as important	Overseeing major capital	<>	Matters of importance arising throughout the year will be considered by the Board as and when necessary and these matters are not
matters arise	expenditures	Applicabl	limited to the items ticked although these provide an indication of matters that may arise.
	Overseeing acquisitions, mergers,	e>
	and divestitures
	Overseeing and guiding public policy
	engagement

C1.1d

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(C1.1d) Does your organization have at least one board member with competence on climate-related issues?

	Board member(s) have	Criteria used to assess competence of board	Primary reason for no board-	Explain why your organization does not have at least one board member with
	competence on climate-	member(s) on climate-related issues	level competence on climate-	competence on climate-related issues and any plans to address board-level
	related issues		related issues	competence in the future
Row	Yes	Past working experience related to renewable energy
1		or decarbonization, either in technical, financial, or
		advisory capacity

C1.2

(C1.2) Provide the highest management-level position(s) or committee(s) with responsibility for climate-related issues.

Position or committee

Chief Executive Officer (CEO)

Climate-related responsibilities of this position

Managing annual budgets for climate mitigation activities

Managing major capital and/or operational expenditures related to low-carbon products or services (including R&D)

Managing climate-related acquisitions, mergers, and divestitures

Providing climate-related employee incentives

Developing a climate transition plan

Implementing a climate transition plan

Integrating climate-related issues into the strategy

Conducting climate-related scenario analysis

Setting climate-related corporate targets

Monitoring progress against climate-related corporate targets

Managing public policy engagement that may impact the climate

Managing value chain engagement on climate-related issues

Assessing climate-related risks and opportunities

Managing climate-related risks and opportunities

Coverage of responsibilities

Reporting line

Reports to the board directly

Frequency of reporting to the board on climate-related issues via this reporting line

More frequently than quarterly

Please explain

Within the Executive Committee, the CEO has responsibility for communicating climate-related issues to

the Board. Our purpose is to protect the world by giving new life to used materials. Recycling and circular economy facilitation is discussed at every meeting, being the core business of the Group. All targets, including the climate-related ones, are approved by the Board. Renewi's strategic direction is aligned with overall sustainability strategy. Matters are discussed at meetings as they arise at specific points in the year. Oversight is given to all these matters although specific topics are discussed in detail at the Board's committee level and summarised at the Board. The Board and its Committees are provided with information by the management team.

Position or committee

Other C-Suite Officer, please specify (Strategy and Business Development Director)

Climate-related responsibilities of this position

Managing annual budgets for climate mitigation activities

Managing major capital and/or operational expenditures related to low-carbon products or services (including R&D)

Developing a climate transition plan

Implementing a climate transition plan

Integrating climate-related issues into the strategy

Conducting climate-related scenario analysis

Setting climate-related corporate targets

Monitoring progress against climate-related corporate targets

Managing public policy engagement that may impact the climate

Managing value chain engagement on climate-related issues

Assessing climate-related risks and opportunities

Managing climate-related risks and opportunities

Coverage of responsibilities

Reporting line

CEO reporting line

Frequency of reporting to the board on climate-related issues via this reporting line

More frequently than quarterly

Please explain

Group Sustainability team falls under the responsibilities of the Strategy and Business Development Director. As sustainability is the integral part of the Renewi business model, this ensures a close link between the business and sustainability strategy and execution.

Position or committee

Chief Financial Officer (CFO)

Climate-related responsibilities of this position

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Managing annual budgets for climate mitigation activities

Managing major capital and/or operational expenditures related to low-carbon products or services (including R&D)

Managing climate-related acquisitions, mergers, and divestitures

Assessing climate-related risks and opportunities

Managing climate-related risks and opportunities

Coverage of responsibilities

Reporting line

CEO reporting line

Frequency of reporting to the board on climate-related issues via this reporting line

More frequently than quarterly

Please explain

The CFO is responsible for guiding climate risk management.

Position or committee

Other committee, please specify (TCFD Steering Committee)

Climate-related responsibilities of this position

Conducting climate-related scenario analysis

Monitoring progress against climate-related corporate targets

Assessing climate-related risks and opportunities

Managing climate-related risks and opportunities

Coverage of responsibilities

Reporting line

Finance - CFO reporting line

Frequency of reporting to the board on climate-related issues via this reporting line

Annually

Please explain

The TCFD Steering Committee is responsible for our TCFD reporting strategy and to continue embedding climate-related risk management into our existing enterprise risk management framework. The Committee includes experts from all divisions, Strategy, Central Finance, Procurement, Risk and Sustainability. The Committee meets regularly throughout the year.

C1.3

(C1.3) Do you provide incentives for the management of climate-related issues, including the attainment of targets?

	Provide incentives for the management of climate-related issues	Comment
Row 1	Yes	Our commitment to contribute to the fight against climate change is also reflected in the way we evaluate performance. To
		motivate senior executives and managers to increase climate-related performance, we
		have an annual bonus plan and long-term
		incentive plan (LTIP) in place that includes
		sustainability metrics such as our recycling
		rate. Further consideration is under way to
		assess the appropriate climate-related
		performance metrics to be included in the
		LTIP programme.

C1.3a

(C1.3a) Provide further details on the incentives provided for the management of climate-related issues (do not include the names of individuals).

Entitled to incentive

Other, please specify (Senior Leadership Team inc. Exec Directors)

Type of incentive

Non-monetary reward

Incentive(s)

Performance indicator(s)

Progress towards a climate-related target

Other (please specify) (Recycling rate)

Incentive plan(s) this incentive is linked to

Long-Term Incentive Plan

Further details of incentive(s)

A proportion of the 2023 LTIP grant vests subject to achievement of improvement of the Group's recycling rate.

Explain how this incentive contributes to the implementation of your organization's climate commitments and/or climate transition plan

Improvements in the Group's recycling rates contributes to our commitments towards enabling the circular economy.

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