RCS - Hargreaves Servs PLC - Net Zero Strategy

Hargreaves ServicesAnnouncement

09/07/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240709:nRSI6214Ua&default-theme=true

RNS Number : 6214U  Hargreaves Services PLC  09 July 2024

Hargreaves Services plc

("Hargreaves" or the "Group")

 

Hargreaves publishes its Net Zero Transition Strategy

 

Outlines clear goals to deliver a Net Zero carbon footprint by 2050

 

Hargreaves Services plc (AIM: HSP), a diversified group delivering services to
the industrial and property sectors, announces it has launched its Net Zero
Transition Strategy, outlining ambitious goals to become Net Zero by 2030 at a
corporate level, with a scale of targets through all its ancillary activities
up to 2050, with its final pledge to reach Net Zero on Maintenance,
Construction and Infrastructure.

 

The plan has been published on Hargreaves' website here
(https://www.hsgplc.co.uk/responsibility/) .

 

Different parts of Hargreaves' operations will move towards Net Zero at
different speeds depending on a variety of factors, including equipment
lifespan. Therefore, the Group has split its plan into four separate
components and prepared a Net Zero Plan for each: Corporate Emissions, Plant
Emissions, Vehicle Emissions, Maintenance, Construction and Infrastructure
Emissions. The specific targets to achieve net zero emissions are:

 

·    Corporate Activities by 2030

·    Cars and Vans by 2035

·    Plant by 2040

·    HGV by 2050

·    Maintenance, Construction and Infrastructure by 2050

 

The roadmaps for each component have been published in detail in the plan. The
Group will also deliver a Carbon Innovation 8 Point Plan, incorporating eight
different initiatives to support the Net Zero plans, ranging from planting
trees, providing clients with low-carbon solutions, and delivering energy and
environmental impact awareness training for staff.

 

To achieve these goals, the Group has a well-established ESG Working Group
including thought leadership, digitalisation and leading innovation in the
sectors in which it operates.

 

The Group holds an ESG A rating, independently assessed and awarded by
Integrum ESG, via its broker, Singer Capital Markets and was granted the
Corporate Social Responsibility Gold award in 2022 via an independent
assessor, CSR Accreditation. Hargreaves has championed sustainability in
earthworks for over a decade. Since 2011 the Company has contributed to core
initiatives, such as an earthworks carbon calculator published in the
Institution of Civil Engineers (ICE) Proceedings and collaborated with
European peers for nine years in preparation of the 2019 European Earthworks
Standard and subsequent European Code of Practice for Sustainable Earthworks,
published in 2023.

 

Gordon Banham, CEO of Hargreaves, commented: "We are delighted to publish our
clearly defined and ambitious goals to eliminate our carbon footprint. Given
the Group's heritage, this will reflect a remarkable transition from an
historically carbon-intensive operation to Net Zero.

 

"While this plan clearly sets out the Company's longer-term strategy,
Hargreaves has already been at the forefront of delivering sustainable
infrastructure and carbon cutting projects as demonstrated by the construction
of the five-leg conveyor system in a bid to reduce carbon emissions on the HS2
project, among others."

 

 

 For further details:

 Hargreaves Services plc                                      www.hsgplc.co.uk (http://www.hsgplc.co.uk)
 Gordon Banham, Chief Executive Officer                       Tel: 0191 373 4485
 Stephen Craigen, Group Financial Officer

 Walbrook PR (Financial PR & IR)         Tel: 020 7933 8780 or hargreavesservices@walbrookpr.com
                                         (mailto:hargreavesservices@walbrookpr.com)
 Paul McManus/Louis Ashe-Jepson/         Mob: 07980 541 893/07747 515 393
 Charlotte Edgar     07884 664 686

 Singer Capital Markets (Nomad and Corporate Broker)                                  Tel: 020 7496 3000
 Sandy Fraser/Phil Davies/Sam Butcher

 

 

About Hargreaves Services plc (www.hsgplc.co.uk (http://www.hsgplc.co.uk) )

Hargreaves Services plc is a diversified group delivering services to the
industrial and property sectors, supporting key industries within the UK and
South East Asia. The Company's three business segments are Services,
Hargreaves Land and an investment in a German joint venture, Hargreaves Raw
Materials Services GmbH (HRMS). Services provides critical support to many
core industries including Energy, Environmental, UK Infrastructure and certain
manufacturing industries through the provision of materials handling,
mechanical and electrical contracting services, logistics and major
earthworks. Hargreaves Land is focused on the sustainable development of
brownfield sites for both residential and commercial purposes. HRMS trades in
specialist commodity markets and owns DK Recycling, a specialist recycler of
steel waste material. Hargreaves is headquartered in County Durham and has
operational centres across the UK, as well as in Hong Kong and a joint venture
in Duisburg, Germany.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRADZGGNGMVGDZM