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Distributor details progress towards its 2030 ESG action plan – For a Better World
LONDON, UK, June 14, 2023 – RS Group plc (LSE: RS1), a global provider of product and service solutions, has unveiled its ESG Report for 2022/23, detailing its overall strategy, achievements and future actions required in the area of Environmental, Social and Governance (ESG).
RS’ overarching business purpose is ‘making amazing happen for a better world’ to deliver results for people, planet and profit. In November 2021, RS launched its 2030 ESG action plan, entitled ‘For a Better World’, which has four global goals and 15 ambitious actions for 2030. The approach also supports six of the UN Sustainable Development Goals and lays the foundation for the Company’s long-term vision to 2050.
Progress in Sustainability and Emissions Reduction
The ESG report includes details on the Company’s progress in all these areas.
- Carbon Emissions Reduction: RS has reduced Scope 1 and 2 carbon emissions by 58% since 2019/20, with progress made through energy efficiencies in distribution centers and renewable electricity. Scope 3 transportation emissions intensity has been reduced by 28%, achieving the 2029/30 goal seven years early.
- Supply Chain Optimization: RS achieved these reductions by shifting transportation modes (e.g., air to sea or air to road) and optimizing its supply chain to source, store, and ship products locally.
Global Education Initiatives and Supplier Support
- Education Programs: RS has reached 471,000 young people across 10 countries and 4,400 educational institutions through its global education program.
- Supplier ESG Action Plan: RS launched a supplier ESG action plan and handbook to support suppliers in achieving their ESG goals.
Sustainable Products and Solutions
RS is making significant efforts to promote sustainable practices through its:
- ‘Better World’ Product Range: Currently featuring 20,000 products with trusted sustainability certifications, RS aims to grow this range to 100,000 products globally by 2024/25.
- Service Solutions: Developing innovative solutions such as RS Industria®, which uses data and analytics to help customers reduce energy consumption and carbon emissions.
Global Education Initiatives and Supplier Support
- Education Programs: RS has reached 471,000 young people across 10 countries and 4,400 educational institutions through its global education program.
- Supplier ESG Action Plan: RS launched a supplier ESG action plan and handbook to support suppliers in achieving their ESG goals.
RS is making significant efforts to promote sustainable practices through its:
- ‘Better World’ Product Range: Currently featuring 20,000 products with trusted sustainability certifications, RS aims to grow this range to 100,000 products globally by 2024/25.
- Service Solutions: Developing innovative solutions such as RS Industria®, which uses data and analytics to help customers reduce energy consumption and carbon emissions.
Furthermore, RS is making significant efforts to help its customers develop more sustainable products and solutions with the launch of its ‘Better World’ product range that are supported by trusted sustainability certifications. The initiative currently includes 20,000 products that make it easier for individuals and businesses to make more informed decisions about the sustainability and potential positive environmental impact of different products from RS’ suppliers and partners. RS is also aspiring to grow this range to 100,000 products globally by 2024/25.
RS is also developing service solutions such as RS Industria®, which uses data and analytics in conjunction with our technical product and maintenance knowledge to help customers improve the efficiency of their operations, reduce energy consumption and cut carbon emissions.
Commitment to ESG and Transparency
“ESG is absolutely core to our purpose and in how we operate as a business in conjunction with our employees, our suppliers and our customers,” said Andrea Barrett, VP of Social Responsibility and Sustainability at RS. “We see the release of our ‘For A Better World’ report as a key part of the process of transparency for the benefit of all our stakeholders as we state our position, our future and our hopes, and how we view our place and responsibilities not only in terms of the environment and society but also how we govern ourselves as an organization in a more sustainable manner.”
Click to view a short video explaining RS’ ESG solutions by Debbie Lentz.
RS Group plc provides product and service solutions that help our customers design, build, maintain, repair and operate industrial equipment and operations, safely and sustainably. We stock more than 750,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of product and service solutions to 1.1 million customers.
We support customers across the product lifecycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimizing inventory in the maintenance, repair and operation phase. We offer our customers tailored product and service propositions that are essential for the successful operation of their businesses and help them save time and money.
RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2023 reported revenue of £2,982 million.
For more information, please visit https://www.rsgroup.com/.