This means the Group is amongst the 8% of companies globally which have been recognised for supplier engagement within its 2022 disclosure of climate change information to CDP; a not-for-profit charity that runs the most established and well recognised global disclosure system that help businesses and organisations manage their environmental impacts.
The Group has developed a multifaceted strategy for working with suppliers to understand and address their unique challenges and opportunities to reduce their carbon emissions. Travis Perkins’ executives, commercial teams and sustainability experts have carried out supplier assessments, supplier training workshops and a Scope 3 CEO engagement event. As a result of this work over 50% of the Group’s spend is now confirmed as being with product suppliers who have at least calculated their own Scope 1 and 2 carbon and who have set a reduction target. Product-level carbon data, and supporting Environmental Product Declarations (EPDs), are being collected to share with customers.
Travis Perkins plc first announced its Science Based Targets initiative (‘SBTi’) decarbonisation targets in November 2021. These are in line with a 1.5°C trajectory and are an integrated part of the Group’s broader sustainability plans. In 2022 the Group set interim targets for 2027 with plans in place to reduce carbon by 40% across the Group’s property portfolio and by 27% across the Group’s fleet; both against the 2020 baseline. The Group has a Scope 3 carbon reduction roadmap which includes a target to have 70% of product spend with suppliers who are engaged on carbon by 2024.
Group Sustainability Director for Travis Perkins plc, Megan Adlen, said: “The construction industry has a significant role to play in driving decarbonisation of our country and addressing climate change. Travis Perkins believes greater transparency is key to driving climate action, and so we have continued to disclose the progress we are making towards our ambitious decarbonisation targets by publishing regular updates to our decarbonisation roadmaps on our website.
“As part of our broader Scope 3 emissions commitment, we are also working with suppliers and customers to reduce supply chain emissions, in particular in-use emissions from products sold and the embodied carbon in products, and we are proud that this work has now earned us a place as a leading company on CDP’s 2022 Supplier Engagement Leaderboard.”
Global Head of Value Chains for CDP, Sonya Bhonsle, added “This year’s report shows that environmental action is not happening at the speed, scale and scope required to limit global temperature rises to 1.5 degrees, with many companies still not acknowledging that their impact on the environment extends far beyond their operations and that of climate change.
“COP 15 couldn’t have been clearer in the call to action on corporate reporting on nature. If a company is not preparing for future regulations on nature in the supply chain, they are open to a wide range of risks and could also be missing out on the opportunities that safeguarding nature will bring. Quite simply, if a company wants to be in business in the future, they need to start embedding nature into the way that they buy and collaborating with suppliers to drive action in the supply chain. Therefore, we need to see environmental leadership from companies right now by tackling their impacts on climate change and nature together, working with their suppliers in an integrated way that includes nature as standard, and incentivizing this engagement within their organisation.”
CDP’s environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency, and the full list of companies that achieved a place on the CDP leaderboard this year is available on the CDP website