We have brought the targets from our new ESG strategy and our latest performance data together, to show our sustainability ambition and progress in one place. The targets are provisional and will be refined and validated during the 2021 reporting cycle. 

1. Carbon Emissions

Provisional targets to be refined in the second half of 2021

Approach

Ensure that 100% of Group operations capture and report on CO2 emissions (currently only capture 90% of Group). 

Reduce our direct emissions (scope 1&2) by 25% by 2024 (from a 2019 baseline of 4,729 tonnes of CO2 emissions). 

Reduce indirect emissions (scope 3) relating to business air travel by 50% by 2024 (from a baseline of c.1000 tonnes in 2019). 

Scope 3 reduction – Quantify other scope 3 emissions and once accurately captured target reduction initiatives.

The aspiration will be to achieve net zero carbon by 2025 and absolute zero carbon by 2035.

The most significant source of site level emissions relates to electricity consumption, therefore actions are first targeting the most prolific energy reduction measures, also reducing costs and ensuring that 100% of Group businesses are covered for reporting purposes. 

Measures already initiated include: planned implementation of solar energy systems in Bury St Edmunds and Cartago, full conversion to LED lighting at Feltre, and green energy contracts. 

Other initiative are under way or being considered such as: all company vehicles gradually converted to electric/hybrid, increased use of carbon offsetting, remote working, cycle to work scheme and all capex proposals to take into account ESG credentials. 

We are also accelerating the measurement of supply chain (scope 3) emissions with third party support. 

Other initiatives under way such as: carbon offsetting, remote working, cycle to work scheme and all capex proposals to take into account ESG credentials. 

The total impact of these measures will allow Vitec to meet the targeted reduction for sites and flights, which must be used as stepping stone on the path to carbon neutrality. In the medium term (2-3 years) we expect that more systematic offsetting schemes will be required.

GHG Scope 1 & 2 Emissions

Scope

2020 tonnes CO2e

2019 tonnes CO2e

1

833

1,328

2

2,072

2,677

Global total (excluding UK)

2,905

4,005

UK total

630

724

UK proportion of total

17.8%

18.1%

Total scope 1 + 2 intensity (Tonnes CO2e per £m of Group revenue)

10

10.64

Energy Use

 

2020 kWh

2019 kWh

Global total (excluding UK)

10,860,347

15,432,224

UK total

2,900,826

3,109,797

UK proportion of total

21.1%

16.8%

 

Methodologyplus

Emissions arising from on-site energy use and owned transport have been recorded at 22 of our sites in the 12 months ending 30 September 2020. We have selected these sites as they are the material operating sites for the Group, and included operations at Cassola and Feltre, Italy; Bury St Edmunds, UK; Cartago, Costa Rica; Irvine, USA; Ashby-de-la-Zouch, UK; Stroud, UK; Ra’anana, Israel; Cary and Shelton, USA. These sites represent over 95% of Group revenue for 2020. Smaller sites have been excluded as their size and operations are comparatively immaterial for Greenhouse Gas or Energy usage reporting.

Reporting is based on the requirements for quoted companies introduced by The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Reporting) Regulations 2018 effective from 1 April 2019. In reporting our Greenhouse Gas Emissions we have followed the UK Government’s Environmental Reporting Guidelines issued in March 2019. Our operational carbon footprint is stated in tonnes carbon dioxide (CO2e) equivalent and covers Scope 1 and 2 emissions as described in the GHG Protocol – Corporate Standard (March 2004 revised edition). The financial control approach has been applied in our corporate GHG reporting. We have selected a reporting period of 1 October 2019 to 30 September 2020 to enable data to be collated in time for inclusion in the Annual Report. The Intensity Ratio we have adopted is tonnes Total Carbon Dioxide equivalent (CO2e) per £m of Group revenue.

Scope 1 Emissions (direct emissions from our own operations e.g. fuel combustion) are converted to CO2e figures using conversion factors published by BEIS/DEFRA in June 2020. These factors are also used for converting UK and global data into kWh.

Scope 2 Emissions (indirect emissions generated from purchased electricity) are calculated based on the “location” method outlined in the GHG Protocol. For all UK facilities we use the BEIS/DEFRA 2020 conversion factors. For all non-USA facilities we use national carbon conversion factors for grid purchased electricity from a variety of published sources; including national grid suppliers and Government agencies. For USA sources we use the latest regional intensity factors available from the Environmental Protection Agency’s Emissions & Generation Resource Integrated Database (eGrid).

 

2. Packaging and Waste 

Provisional targets to be refined in the second half of 2021

Approach

50% of current cardboard packaging consumption will be replaced by sustainable, FSC grade cardboard, or altogether eliminated. 

50% reduction in annual consumption of single use plastics by 2024. 

Continue to reduce waste to landfill.

Initial measurement complete and several initiatives under way. 

Our largest manufacturing sites are already close to 0% waste to landfill, supported by ISO environmental programmes. We are continuing to drive initiatives for improved recyclability of all inputs and commodities/raw materials used in the manufacturing process. 

Information on water consumption is being gathered and a metric developed once the data is complete. This will then be reported publicly in addition to energy usage.

3. Product Life Cycle (PLC) 

Provisional targets to be refined in the second half of 2021

Approach

Product Life Cycle management (cradle to grave) embedded within all Vitec operations by 2025.

Imaging Solutions leading the way in this, through a detailed cross-functional exercise with Bologna Business School. PLC already in place for some products (Gitzo) with a roadmap for completion in 2022. 

In other Divisions, we are targeting the most significant areas of concern such as lithium batteries and recycling around electrical components.  

Gitzo Legende bag launched in June comprising 65% of recycled fabric, Lowepro launching PhotoSport bag in 2021 with 75% recycled fabric and aspiration for Lowepro Bags full product range to be 100% recycled fabric by 2024.

4. Supply chain integrity 

Target

Approach

All raw materials and components are sourced ethically and are environmentally sustainable.

Assurance to be provided as soon as possible, no later than mid-2022. This will entail:

- Granular operations review of all components

- Vetting of all direct suppliers, to encompass ESG dimensions

- Reputational risk around supply chain already actioned through RiskRate vetting 

Responsible sourcing policy is in place but must be recommunicated to internal and external stakeholders. 

Centralisation of APAC procurement will enable greater consistency and transparency.

5. Health and Safety 

Target

Approach

No major lost time accidents.

Continue with existing framework. Expand external reporting to cover all accidents (including those resulting in under three days absence) and all near misses.

External compliance verification planned to be completed for all businesses.

Five-year accident record

2020

2019

0 accidents resulting in over 3 days absence

2 accidents

Representing 0 accidents per 100,000 employees

Representing 117 accidents per 100,000 employees

Average number of employees – 1,569

Average number of employees – 1,714

2018

2017

2 accidents

7 accidents

Representing 116 accidents per 100,000 employees

Representing 418 accidents per 100,000 employees

Average number of employees – 1,723

Average number of employees – 1,675

2016

 

4 accidents

 

Representing 239 accidents per 100,000 employees

 

Average number of employees – 1,676

 

6. Diversity, Equity and Inclusion 

Target

Approach

Over the next five years aim to improve the Group’s overall gender diversity from 70% men, 30% women. At a senior leadership level, we expect the ratio of women to be at least 30%.

Our approach to diversity follows a strict policy of sourcing the best person for the role irrespective of race, gender, age, religion, sexual preference or disability, and our Code of Conduct sets out an express prohibition on discrimination of any kind.  We have developed a new D&I strategy with targets and action plans tailored to address our industry and our key area of weakness, which is a lack of female employees in many areas of the Group. 

7. Community Projects

Target

Approach

Positively impact one disadvantaged young person for every Vitec employee in the communities in which we operate.

Divisional programmes are being reinvigorated following the pandemic. For example, the “Picture of Life” in our Imaging Division.

We will continue to develop a structured and coherent approach, and leverage external communications.