The world is changing and the impact of technological advancements, climate change and unprecedented events such as the COVID-19 pandemic require ever greater attention and action. As part of Sunbelt 3.0, we are reinforcing ESG at the heart of how we operate, while unlocking the structural benefits ESG will bring to rental.
The rental industry is hugely beneficial for the environment as it leads to the most efficient use of equipment and the manufacture of fewer assets. Significant carbon emissions and consumption of earth’s natural resources take place during the manufacture of a piece of equipment. At the end of its life, that equipment requires disposal. Fewer, better designed pieces of equipment utilised as part of a sharing economy are better for our planet.
In embedding our ESG priorities into our new strategic plan, we recognise the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) as well as the priorities of the UN Sustainable Development Goals. We are committed to meeting the TCFD recommendations in full by 2022.
Our commitment to ESG is clear and we intend to expand further on the areas detailed in this Responsible business report within our first sustainability report, which will be published by April 2022. Here we will map the Group’s activities and metrics to existing reporting frameworks such as the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) standards, in addition to setting out our road map to science-based targets.