REG - Restore PLC - New ESG strategy, Net Zero by 2035

RestoreAnnouncement

11/11/2021 07:00

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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
(http://www.restoreplc.com/)

Charles Bligh,
CEO
 020 7409 2420

Neil Ritchie, CFO

 

Peel Hunt
LLP                                                                     www.peelhunt.com
(http://www.peelhunt.com/)

Mike
Bell
020 7418 8900

Ed Allsopp

 

Buchanan Communications
         www.buchanan.uk.com (http://www.buchanan.uk.com/)

Charles
Ryland
020 7466 5000

Vicky Hayns

Stephanie Whitmore

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