RCS - De La Rue PLC - Update on Responsible Business Activities

De La RueAnnouncement

18/03/2022 07:16

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RNS Number : 2022F  De La Rue PLC  18 March 2022

18 March
2022
 

REACH

DE LA RUE PLC

UPDATE ON RESPONSIBLE BUSINESS ACTIVITIES - ENVIRONMENT, SOCIAL, GOVERNANCE
(ESG)

De La Rue plc (LSE: DLAR) ("De La Rue") has recently submitted targets to the
Science Based Targets Initiative to reduce our greenhouse gas emissions,
consistent with limiting global temperature increases to no more than
1.5°C.  We are also setting out in more detail the Company's priorities in
the areas of Environmental, Social and Governance (ESG) responsibility.

De La Rue's purpose of securing trust between people, businesses and
governments reflects our long-held belief that we have a responsibility to
operate in a way that benefits the world around us: for our customers, our
employees, the wider communities in which we work and the natural environment.
 Our strategy encompasses clear commitments to lead our industry in
sustainability, to protect and respect our people and to maintain the highest
ethical and governance standards in the conduct of our business.

At De La Rue, we have proactively taken steps to lead our industry on
environmental sustainability for many years.  We have been certified for
ISO14001 in the UK since 2003 and for all our manufacturing sites globally
since 2011.  Our work in this field has also been recognised externally,
being named within the Top 25 of Europe's Climate Leaders by the Financial
Times in 2021.

In 2022 we submitted targets to the Science Based Targets Initiative to reduce
our greenhouse gas emissions.  These science-based targets support limiting
global temperature increases to no more than 1.5°C by reducing all our
emissions (scope 1, 2 and 3) by 45% by 2030.  In addition, we have committed
to achieve carbon neutrality for our own operations by 2030.  Recent
initiatives which help towards this goal include the installation of cool roof
technology in our plant in Malta, moving our Certify solution from on-premises
hardware installations to a cloud hosted solution and recycling 100% of the
polymer waste from our production process.

From a social perspective, inclusivity is at the core of our ways of working.
 We believe in treating our colleagues, suppliers, customers and the
communities in which we operate in an ethical and respectful way.  Our
principle of 'Be heard, be valued, be you' underpins the way in which we build
the strength of diversity of the people within De La Rue.  It articulates our
focus on demographic diversity, organisational diversity and cognitive
diversity.

At De La Rue, we are proud of our 50:50 male/female ratio at both Board and
Executive Leadership Team level.  However, our commitment to diversity runs
much deeper than these headlines.  To achieve a culture of trust and respect
we have a range of initiatives.  For example, we train our managers in hiring
best practice and monitor the diversity of our applicant pool.  We hold
employee forums and networks to share ideas, views and concerns and use
engagement surveys to gather employee feedback.  As an active participant in
the UNGC Target Gender Equality initiative, we have been able to benchmark
ourselves and share learning with other companies.

As befits the sensitive nature of our business, we uphold the highest ethical
standards in the way that we operate.  We are one of the founding members of
the Banknote Ethics Initiative and a supporter of the Institute of Business
Ethics.  As well as normal reporting lines, we have a number of Ethics
Champions across the business to which employees can report any concerns.

Underpinning all this is our governance structure which provides the framework
within which ethically-based, well-considered decisions about the business can
be made.  In the interests of transparency, our website, which we have
recently refreshed, sets out the key components of De La Rue's governance
structure.

More detail on our responsible business culture can be found at
www.delarue.com/responsible-business
(http://www.delarue.com/responsible-business) .

Clive Vacher, Chief Executive Officer of De La Rue commented, "De La Rue has
long been the industry leader on environmental sustainability and we are
continuing our journey to net zero by setting SBTi and Carbon Neutrality
targets.  We have a strong commitment to the highest ethical standards in all
areas of our business and continue to execute world-class governance policies
and procedures.  I am delighted to showcase the hard work that our teams are
undertaking to maintain and improve those standards."

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

 Enquiries:
 De La Rue plc        +44 (0) 7990 337707
 Kevin Loosemore      Chairman and board member responsible for ESG
 Clive Vacher         Chief Executive Officer
 Mike Lycett          Group Director of Risk, HSE and Security
 Louise Rich          Head of Investor Relations

 Brunswick            +44 (0)207 404 5959
 Stuart Donnelly
 Ed Brown

 

 

Cautionary note regarding forward-looking statements

 

This announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "anticipates", "expects", "intends", "plans", "goal",
"target", "aim", "may", "will", "would", "could" or "should" or, in each case,
their negative or other variations or comparable terminology. These
forward-looking statements include all matters that are not historical facts.
They appear in a number of places throughout this announcement and include
statements regarding the intentions, beliefs or current expectations of the
directors, De La Rue or the Group concerning, amongst other things, the
results of operations, profitability, financial condition, liquidity,
prospects, growth and strategies of De La Rue and the industry in which it
operates.

 

By their nature, forward-looking statements involve risks and uncertainties
because they relate to events and depend on circumstances that may or may not
occur in the future and may be beyond De La Rue's ability to control or
predict. Forward-looking statements are not guarantees of future performance.
The Group's actual results of operations, profitability, financial condition,
liquidity, prospects, growth and/or strategy and the development of the
industry in which it operates may differ materially from the impression
created by the forward-looking statements contained in this announcement. In
addition, even if the results of operations, profitability, financial
condition, liquidity, prospects, growth and/or strategy of the Group and the
development of the industry in which it operates are consistent with the
forward-looking statements contained in this announcement, those results or
developments may not be indicative of results or developments in subsequent
periods.

 

Other than in accordance with its legal or regulatory obligations, De La Rue
does not undertake any obligation to update or revise publicly any
forward-looking statement, whether as a result of new information, future
events or otherwise.

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