New ESG strategy, Net Zero by 2035

RNS Number : 9977R

Restore PLC

11 November 2021

 

11 November 2021

Restore plc

("Restore" or the "Group" or "Company")

New ESG strategy, Net Zero by 2035

Restore plc (AIM: RST), the UK's leading provider of integrated information and data management services, secure technology recycling, and commercial relocation solutions, will today hold a virtual capital markets event at which it will outline future growth plans and formally launch the Group's ESG Strategy, 'Restoring our World' and its commitment to become a Net Zero organisation by 2035.

ESG Strategy and Net Zero Commitments

The Board is pleased to launch the Group's detailed ESG strategy, 'Restoring Our World' at today's virtual capital markets event.

This strategy is the culmination of many months of work, supported by specialist advisors, and has been developed after significant input from internal and external stakeholders. Key features of the strategy include:

· Restore is committed to becoming a net zero organisation by no later than 2035

· The Group makes the additional commitment to a 50% reduction in Scope 3 emissions by 2030

· Restore has achieved Planet Mark™ accreditation across all business units, providing external certification of the plans that the business is undertaking

· Potential development of further net zero products across all business units to assist customers in meeting their own ESG objectives, complementing the Group's existing circular economy business

· Adoption of Taskforce for Climate Related Financial Disclosure (TCFD) reporting, with a first update to be included in the Annual Report for the year to 31 December 2021

· The Board has created an ESG sub-committee that has responsibility for oversight over ESG delivery

The broader ESG strategy can be found on the Group's website at www.restoreplc.com.

Charles Bligh, CEO, commented:

"Restore is a recognised leader in its markets and communities and whilst the Board is committed to ensuring the business continues to grow, it is equally committed to ensuring this is achieved in the right way. We are therefore delighted to launch the Group's ESG strategy, 'Restoring our World'.

This strategy is comprehensive and targets continued positive change across many areas of the business including a commitment to becoming a net zero organisation by no later than 2035. We have ambitions to beat this target and I fully expect that a number of businesses within the Group will meet this objective much sooner.

Our strategy further develops the Company's ESG credentials, with clear goals on climate action, how to develop our social contribution and our role in providing leadership on governance matters through the Our People and Our Business elements of Restore's strategy."

For enquiries, please contact

Restore plc    www.restoreplc.com  

Charles Bligh, CEO   020 7409 2420

Neil Ritchie, CFO

Peel Hunt LLP  www.peelhunt.com

Mike Bell  020 7418 8900

Ed Allsopp

Buchanan Communications                                              www.buchanan.uk.com  

Charles Ryland  020 7466 5000

Vicky Hayns

Stephanie Whitmore

 

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