what is there not to like21 Jun 2021 11:39
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.