Last checked at 12 Sep 2023 07:00
REACH
12 September 2023
Billington Holdings Plc
("Billington" or the "Company" or the "Group")
Billington Structures Carbon Neutral Certification
Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is pleased to announce that the Company's largest subsidiary, Billington Structures Ltd, has been certified as 'carbon neutral' for its operations, by Carbon Neutral Britain, following their audit of Billington Structures emissions and carbon dioxide offsetting programme. Billington is undertaking carbon reduction initiatives across the Group with a view to all of the Group's businesses being certified as carbon neutral in due course.
Billington Structures gaining carbon neutral certification follows a number of initiatives undertaken by the business to reduce its environmental impact and is part of Billington's commitment to achieving, as a minimum, the goal set by SBTi (Science Based Targets Initiative), of a 50% carbon emissions reduction by 2030 and net zero by 2050. There is a significant global initiative to ensure 'clean steel' and Billington are proud to be a member of SteelZero, a global standards and certification initiative designed to deliver environmentally responsible production of steel and speed up the transition to a net zero steel industry.
Since May 2023 Billington Structures has used electricity procured from 100% green energy with a REGO accredited 0% emissions factor. Its vehicle fleet is increasingly electric, reducing carbon emissions by approximately 15% annually, and further planned reduction activities include the introduction of Biofuel (HVO) across factories and site-based activities. Additionally, 1,770 tonnes of CO₂e emissions have been offset via the Woodland Fund™ portfolio of verified carbon offsetting projects. Billington also maintains the 'Gold Standard' awarded by the British Constructional Steel Association for meeting the requirements of the 'Steel Construction Sustainability Charter'.
Mark Smith, Chief Executive Officer of Billington, commented:
"Billington believes that operating in a sustainable and responsible manner is key to the growth and success of the Group. As part of this, Billington is therefore committed to achieving carbon neutrality across all of its businesses as soon as possible, together with minimising the environmental impact of its activities. We are therefore delighted that our largest business, Billington Structures, has now been certified as carbon neutral and we intend that our other businesses will be certified as such as soon as practical."
For further information please contact:
Billington Holdings Plc | Tel: 0122 634 0666 |
Mark Smith, Chief Executive | |
Trevor Taylor, Chief Financial Officer | |
Cavendish Capital Markets Limited - Nomad and Broker | Tel: 020 7220 0500 |
Ed Frisby / Charlie Beeson - Corporate Finance | |
Andrew Burdis / Barney Hayward - ECM | |
IFC Advisory Limited | Tel: 0203 934 6630 |
| billington@investor-focus.co.uk |
Tim Metcalfe | |
Graham Herring | |
Zach Cohen |
About Billington Holdings Plc
Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is a UK based Group of companies focused on structural steel and engineering activities throughout the UK and European markets. Group companies pride themselves on the provision of high technical and professional standards of service to niche markets with emphasis on building strong, trusted and long-standing partnerships with all of our clients. https://billington-holdings.plc.uk/