28th Jun 2021 14:40
Henry Boot PLC - Sheffield, England-based construction and property development business - Launches net zero carbon framework, hoping to reach net zero carbon for all direct greenhouse gas emissions by 2030.
"In the UK, the built environment contributes around 40% of greenhouse gas emissions. Whilst Henry Boot's carbon emissions have been decreasing since 2013, it recognises the importance of accelerating action and continuing to reduce its environmental impact with a clear pathway to NZC, as part of its wider responsible business strategy which builds on strong foundations in this area," company says.
Says managing director of HBG and Henry Boot Construction units, Ed Hutchinson and Tony Shaw, were asked to create framework.
Company continues: "The NZC Framework is tailored to Henry Boot's operations and uses the group's 2019 GHG emissions as a baseline for measuring emissions reduction. The first phase of the Framework, from 2021 to 2025, will guide Henry Boot to deliver short term reduction measures for directly controlled emissions, Scopes 1 and 2."
"From 2026, the group will continue to accelerate its decarbonisation programme to reach its target of NZC for all direct emissions by 2030 whilst delivering its medium-term strategic target of growing capital employed by over 40%," it adds.
Framework includes turning vehicle fleet electric; a generator decarbonisation programme; and introduction of biodiesel to decrease emissions.
Current stock price: 265.63 pence
Year-to-date change: up 4.2%
By Paul McGowan; [email protected]
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