Speedy Hire gains FT accolade
2 May 2024
Speedy Hire has been named as a Financial Times Europe Climate Leader for the second consecutive year.
This is awarded to companies who are most successfully reducing their core greenhouse gas emissions, with Speedy being named for to its track record in supporting the decarbonisation of the British construction industry.
Other recipients include global businesses such as EDF, Burberry and Vodafone and are selected from across the 23 countries and 22 sectors assessed by the Financial Times in partnership with Statista, a data gathering agency.
Speedy holds a Gold rating from sustainability ratings platform EcoVadis, placing it in the top 5% of UK businesses for decarbonisation readiness.
It also recently received an A-rating for disclosure and environmental performance from the Carbon Disclosure Programme, up from its B grade in the prior year.
Speedy’s Decade to Deliver strategy roadmap, launched in 2023, outlines its sustainability journey for the next 10 years and sets ambitious targets, including the reduction of the company’s Scope 1 and 2 emissions by 50%, and Scope 3 emissions by 42% by 2030.
The company was the first in its sector to become a participating member of the UN Global Compact initiative for responsible business practices and achieved an A rating from global integrated risk assessment firm, Moody’s, for reducing its carbon footprint.
During the last year, Speedy has promoted sustainable innovation in a bid to significantly reduce its own carbon emissions and those of its customers. It partnered with manufacturer Niftylift in July to launch the world’s first hydrogen-electric powered access platform (pictured), and acquired Green Power Hire Ltd in October, to provide zero-carbon hydrogen-powered battery storage units.
The company has also announced the launch of Speedy Hydrogen Solutions, a joint venture with AFC Energy to provide zero emission, temporary power solutions designed specifically for the off-grid generation market.
Amelia Woodley, Speedy’s ESG Director, said: “Our Decade to Deliver strategy places sustainability and responsibility at the centre of everything we do. To be recognised for a second year running as a European Climate Leader by the Financial Times is testament to the tangible progress we’ve made as a business on environmental issues and reinforces our ambition to drive decarbonisation in our industry.”
● Read the blog’s earlier interview with Amelia Woodley about Speedy's sustainability initiatives and the related challenges here.
