The lessons of the previous decade have illuminated the absence of a universal solution in a company's approach to ESG matters, objectives, and execution. A significant environmental concern that transcends its immediate impact is climate change, influencing various aspects such as business operations, financial margins, and societal well-being. Let us draw attention to RS Group, a digitally savvy global provider of sustainable solutions, facilitating the procurement of eco-friendly products and services for both suppliers and consumers.
Remaining steadfast in its dedication to sustainability, the organization stands out for incorporating ESG elements into its merger and acquisition strategies. This commitment is evident in the 2023/24 ESG progress report, where RS Group assimilated data from its recent acquisitions into its emissions reporting, resulting in a rise in its direct carbon footprint. The company's carbon footprint surged from 5,100 to 5,700 tonnes CO2e in 2022/23 and from 4,600 to 6,800 tonnes CO2e in 2023/24 due to the inclusion of acquired businesses' emissions.
The report highlights the company's ambitious pursuit of net zero objectives, showcasing four science-based targets endorsed by the Science Based Targets initiative (SBTi), covering key operational areas: direct operations, logistics, suppliers, and products. A notable aspect is the strategic mix of internal and external investments and solutions deployed by the Group to propel sustainable practices. Engaging suppliers and customers alike, the ESG report indicates a strong commitment from suppliers towards sustainability, with 32% setting emission reduction goals in alignment with SBTi standards.
Looking forward, RS Group is gearing up to unveil its transportation strategy for 2024/25, focusing on initiatives and investments to enhance logistics efficiency and minimize emissions. A pivotal objective will be to assist acquired businesses in streamlining supply chains to reduce air travel, costs, and environmental impact.
For further insights, we encourage you to delve into the comprehensive ESG 2024 Progress Report.
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