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RBS 2day good news!
Surely Biffa major shareholders will want to see some added value from the Viridor purchase.
what worries me is that there may be poachers lurking. it ticks all the right boxes as isnt very expensive. a lots of brownie points to be gained pulling this one off. id quite like to hold on to this one for a long time, any bid is likely to cut our fingers off if looking at it longer term.
Robust company. Country leader. Recession proof. High profits. Green. Government supported. Essential service.
3rd of the way to a fair price imo. Not one to make outrageous claims. Just read this in 2 years. It got everything going for it
this one is supported by esg flows which wont be ending any time soon. certainly a very bright future and well worth holding on to.
Biffa reports excellent progress against its sustainability targets
£1bn of investment in UK green infrastructure already unlocked - well ahead of plans
Biffa plc ('Biffa', 'the Group' or 'the Company') (LSE: BIFF), has today published its first sustainability report, one year on from the launch of its long-term sustainability strategy 'Resourceful, Responsible.'
The report reaffirms the Group's ambitious sustainability targets as part of its wider commitment to helping solve the UK's waste challenge
Key progress highlights
· Group well on track to achieving target of unlocking £1.25bn of much needed investment in UK green economy infrastructure by 2030 with £1bn already realised.
· Group announces pathway to achieving net zero emissions, no later than 2050.
Building a circular economy
· Doubled the Group's plastics recycling capacity with investments in its facilities in the North East.
· Established the Group's position as a leader in UK surplus redistribution through the acquisition of Company Shop Group, enabling a unique circular economy proposition for customers and providing support for the communities most in need.
· Newhurst and Protos energy from waste ('EfW') construction projects commenced and on track - underpinning UK's capability to domestically manage its own non-recyclable waste.
Tackling climate change
On track to reduce greenhouse gas emissions by 50% by 2030, having reduced emissions by 70% since 2002.
· Significant progress in creating the UK's lowest carbon waste collection service through an active M&A programme, reducing carbon intensity of services and positioning the Group to transition to alternative fuels.
· Roll out of UK's first fully electric fleet of electric refuse vehicles on behalf of Manchester City Council.
· Expansion of rail network to replace road haulage for the movement of inert waste, helping to save over 12,000 tonnes of CO2 emissions since 2019.