In our refreshed Environmental, Social and Governance (ESG) framework, we have created five key pillars which will help us to fulfil our own ambitious corporate sustainability goals, as well as helping our customers to achieve theirs too. These 5 pillars are:
Driving resource and energy efficiency, reducing emissions and embracing renewables.
Developing innovative products using renewables, recyclables, reusables and biodegradables.
A safe, supportive work environment that champions equality and celebrates diversity.
Working with suppliers to ensure ethical practices and contribute to equitable economies. Volunteering our time and supporting good causes.
Providing a hassle free service that helps customers achieve their sustainability goals.
We want to end our dependency on virgin fossil materials and fuels, making significant emissions reductions across our value chain through energy efficiency, renewables, material and transport choices.
Our Targets: Reduce our Scope 1 and 2 emissions intensity by 25% by 2025 (against a 2019 baseline) and reach net zero by 2040.
Our Progress: Components direct emissions have reduced by 27% and emissions intensity 35% against our 2019 baseline
In 2022, we met our near-term target of reducing our Scope 1 and 2 emissions intensity by 25% by 2025 three years early.
We have reached this by:
Our Target: Reduce our Scope 3 emissions across our value chain and set a target in line with science-based thinking
Our Progress: We established a baseline for Scope 3 emissions and are developing our Scope 3 science-based target
We have worked hard to understand and find means of reducing our value chain emissions. In 2022 we developed a Scope 3 baseline, which can be found in the ESG section of our Annual Report.
In 2023 we are finalising our Scope 3 net zero targets and will be submitting these alongside our refreshed direct emissions net zero targets to the SBTi for verification.
Our Target: All sites to achieve Zero Waste to Landfill (ZWTL) by 2030 at the latest
Our Progress: 33% of Components sites achieved ZWTL in 2022
Our Target: Reduce overall waste volumes by 20% by 2030 (2019 baseline)
Our Progress: Components waste intensity has reduced 25% against 2019 baseline
We aim to be Zero Waste to Landfill (ZWTL) across our operations, as well as minimising the waste we generate across the product lifecycle.
We monitor our water consumption across our manufacturing, distribution and office sites and report on this annually. We monitor water stress across our sites and have identified two manufacturing sites in water stressed regions (Istanbul in Turkey, and Kidlington in the UK). We report on this annually in our CDP water questionnaire.
We have commenced the process of identifying and assessing Essentra’s wider nature-related impacts and dependencies in preparation to responding to the taskforce for nature-related disclosures (TCND) recommendations, and will disclose these in 2024.
We will strive to design new products through the innovative use of renewable, reusable, recyclable and biodegradable materials. We will have a Centre of Excellence where we can showcase products to our customers, and provide a space for ideas to flourish into innovative new products.
Our Target: 20% of raw materials from sustainable sources by 2025 across our polymer ranges
Our Progress: In 2022, 10.8% of our raw materials were from sustainable sources (recycled content) across our manufactured polymer ranges
This pillar focuses on creating a safe, supportive work environment that champions equality and celebrates diversity. We know that employee engagement is a key factor in ensuring our future success as an organisation. In 2022 our people remained at the heart of our journey, as we embarked on our journey to become a pure-play Components business.
Our Target: Zero accidents for our people and visitors
Our Progress: 28% reduction in days lost in Components in 2022
Focus this year improving our three sites with the highest injury rates. Third party audits were conducted at those sites and detailed site-specific plans developed. Site-specific plans and the introduction of the safety leadership commitment for site leaders showed a positive downward trend in injury rates over the course of 2022.
Our Target: 100% of employees trained on Ethics Code biannually
Our Ethics Code is the core foundation of our compliance strategy and is issued to all employees globally, supported by annual training and positive affirmation statements by employees.
Our Target: 40% women in leadership teams by 2025
Our Progress: 28% women in leadership teams in 2022, 44% on the GEC and 38% on the Board
In 2022 we progressed our work to create a more diverse and inclusive workplace, continuing with global recognition of International Women’s Day, Pride and Black History Month. We also continued to embed our global Diversity and Inclusion Policy launched in 2019. You can also view our Gender Pay Gap reports.
We work with our suppliers, local communities and wider family to ensure our values, ethical practices and processes provide equitable outcomes, as well as volunteering our time supporting good causes.
Our Target: Our supplier code of conduct refreshed and launched in 2023 to all suppliers over £100k
We collaborate with our key international suppliers as well as partner with a high volume of SMEs worldwide. To ensure we work with suppliers who share our approach to responsible business, we conduct risk-based due diligence not only when onboarding our partners but through ongoing monitoring and management via our supplier development programme.
View our supplier code of conduct.
Our Target: Community Engagement Policy in action with a volunteer day taken by 25% of employees during 2023
We engage with our local communities around the world to create a positive impact through initiatives that positively impact those in need, improving their lives, the community and the local economy.
Essentra believe in being transparent about our sustainability journey, progress and challenges. We disclose our data to CDP and Ecovadis annually to meet the needs of our customers who request this information and help us to identify areas for improvement.
Below are our latest ESG reporting documents:
Our ESG strategy and reporting is aligned to external standards and we are rated by several external benchmarking agencies.
External Standards we align to:
Our ESG ratings and disclosures: