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Sustainability

We are committed to playing our part in looking after the environment and protecting it from significant issues such as climate change. We do this not only by improving the footprint of our own operations, such as reducing the emissions from our manufacturing facilities, but also by providing solutions to customers to help them manufacture more with less, and to deal with the shift to a more sustainable world.

To deliver long-term value in a world of increasingly scarce resources, we need to minimise the impact our business has on the environment and the communities in which we operate.

Our commitment to Net Zero

In November 2021, we committed to a Net Zero 2050 target which will be validated and monitored by the SBTi (Science Based Target initiative), an international body that defines and promotes best practice in emissions reductions and Net Zero targets in line with climate science.

  • Scopes 1 and 2 emissions to be Net Zero by 2028 compared to our 2019/20 baseline
  • Scope 3 emissions to be Net Zero by 2050 at the latest
  • Quantification of Scope 3 emissions by March 2023 to allow a more ambitious Net Zero target date to be set.

UN Sustainable Development Goals

Whilst our efforts to mitigate climate change through our Net Zero strategy are essential, we are not stopping there. We have historically supported lots of charitable and voluntary organisations local to our key locations and will continue to do so through Renishaw Charities Committee.

Our Diversity & Inclusion Group also continues to support D&I initiatives throughout the business, including celebrating awareness days and providing information to colleagues. We recognise that increasing diversity in our company will enable us to be a responsible and productive business that is powered by talented people with different backgrounds and perspectives. To further develop and formalise the work we are doing on these social issues we are assessing the UN Sustainable Development Goals to determine the ones we can play our part in and make a significant impact.

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Helping our customers

Our products help our customers with their own Net Zero ambitions by reducing energy consumption and minimising waste. The products help reduce unproductive machine time, eliminate the manufacture of scrap components, and reduce the total energy consumption needed to produce the same level of components

Lowering Emissions Icon - Solar PanelLowering our emissions

In December 2020 we introduced our new Group policy on electricity purchasing, requiring all our Group companies to only use electricity from certified renewable sources. This means that when existing contracts expire, we will move to renewable electricity. We continue to make significant investments in self generation at our major global sites.

Minimising Waste Icon BoldMinimising our waste

We are focused on ensuring our product and transit packaging has the lowest impact possible. We recognise a significant proportion of our waste is created from our manufacturing processes and have a dedicated manufacturing waste champions team to focus on improvements.

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Looking ahead

As we work towards our Net Zero targets, we will ensure that our people understand what we are doing and how they can support this. We will also be engaging with suppliers and customers on reducing emissions, as part of our commitment to achieve Net Zero for scope 3 emissions by March 2050 at the latest.