RCS - Senior PLC - Senior awarded ‘A’ for climate change transparency

SeniorAnnouncement

13/12/2022 18:00

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RNS Number : 6023J  Senior PLC  13 December 2022

Senior plc awarded with 'A' score for transparency on climate change

Senior plc ("Senior" or "the Group"), an international manufacturer of high
technology components and systems, is pleased to announce that it has been
recognised as a leader in corporate transparency and performance on climate
change.  Senior has been awarded an 'A' by CDP, a global environmental
non-profit charity that provides a global disclosure system for investors,
companies, cities, states and regions to manage their environmental impacts.

Based on CDP's thorough assessment of comprehensive climate change data,
Senior is one of only 283 companies that achieved the highest 'A' rating out
of nearly 15,000 companies scored, putting us in the top 2% of disclosing
companies.

The award is further recognition of Senior's ESG leadership, with the Group
previously being the first in its sector to have its carbon reduction targets
verified by the Science Based Targets Initiative (SBTi) in 2020.  Senior was
also recognised as a supplier engagement leader by CDP earlier this year,
ranked in the top 8% of companies worldwide and awarded the highest level in
the rankings.

CDP's annual environmental disclosure and scoring process is widely recognised
as the gold standard of corporate environmental transparency.  In 2022, over
680 investors with over US$130 trillion in assets and 280 major purchasers
with US$6.4 trillion in procurement spend requested companies disclose data on
their environmental impacts, risks and opportunities through CDP's platform.
 A record-breaking 18,700 companies responded.

David Squires, Group Chief Executive Officer of Senior said: "We are delighted
to achieve the highest "A" rating from CDP, which is further recognition of
our sector-leading commitment to sustainability.  This award highlights our
commitment to the highest levels of transparency on our climate change
initiatives and our commitment to playing a leading role in the transition
towards a sustainable net-zero future.  Senior's focus on sustainability is
deeply rooted in our values and activities as a business, with our products
helping to improve the efficiency and reduce the environmental impact of our
customers' end products."

Dexter Galvin, Global Director of Corporations and Supply Chains at CDP, said:
"Congratulations to all the companies on this year's A List; environmental
transparency is the first vital step towards a net-zero and nature-positive
future.  In a year of ever-increasing environmental concerns around the world
- from extreme weather to unprecedented losses to nature - the need for
transformational, urgent and collaborative change is more critical than ever.
 We must decarbonize half of global GHG emissions and eliminate deforestation
by 2030, alongside achieving water security on the same timescale - there is
no route to 1.5°C without nature.  As CDP continues to raise the bar on what
qualifies as climate, forests and water leadership, we hope to see the
ambitions and actions of companies on the A List - and those wanting a place
on it - do the same."

The full list of companies that made this year's CDP A List is available here:
https://www.cdp.net/en/companies/companies-scores
(https://www.cdp.net/en/companies/companies-scores)

About Senior

Senior is an international manufacturing group with 27 operating businesses in
12 countries.  It is listed on the main market of the London Stock Exchange
(symbol SNR).  Senior designs and manufactures high technology components and
systems for the principal original equipment manufacturers in the worldwide
aerospace & defence, land vehicle and power & energy markets.
 Further information on Senior plc may be found at: www.seniorplc.com

About CDP

CDP is a global non-profit that runs the world's environmental disclosure
system for companies, cities, states and regions.  Founded in 2000 and
working with more than 680 financial institutions with over $130 trillion in
assets, CDP pioneered using capital markets and corporate procurement to
motivate companies to disclose their environmental impacts, and to reduce
greenhouse gas emissions, safeguard water resources and protect forests.
Nearly 20,000 organizations around the world disclosed data through CDP in
2022, including more than 18,700 companies worth half of global market
capitalization, and over 1,100 cities, states and regions.  Fully TCFD
aligned, CDP holds the largest environmental database in the world, and CDP
scores are widely used to drive investment and procurement decisions towards a
zero carbon, sustainable and resilient economy.  CDP is a founding member of
the Science Based Targets initiative, We Mean Business Coalition, The Investor
Agenda and the Net Zero Asset Managers initiative.  Visit www.cdp.net
(http://www.cdp.net) or follow us @CDP to find out more.

A detailed and independent methodology is used by CDP to assess these
companies, allocating a score of A to D- based on the comprehensiveness of
disclosure, awareness and management of environmental risks and demonstration
of best practices associated with environmental leadership, such as setting
ambitious and meaningful targets.  Those that do not disclose or provided
insufficient information are scored an F.

Further information

 Gulshen Patel          Director of Investor Relations & Corporate Communications, Senior plc      +44 (0) 1923 714 722
 Richard Webster-Smith  FGS Global                                                                 +44 (0) 7796 708 551

 

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