- Market risk due to competitor action, economic cycles, international trade friction, and wars.
- Technical risk associated with new product development.
- Product failure and contractual risks.
- Supply chain and equipment risks, especially during high inflation or increased shipping times and costs.
- Health and safety hazards inherent in manufacturing operations.
- Financial risks from changes in market prices (interest rates, foreign exchange rates, and commodity prices).
- Regulatory compliance risks.
- IT security risks.
- Energy and climate change risks, including the Carbon Border Adjustment Mechanism (CBAM).
Goodwin PLC
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Goodwin PLC disclosed greenhouse gas emissions of 121 tonnes per £1 million of revenue (Intensity Ratio). By scope: Scope 3: A draft Scope 3 emissions plan is in development.. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
121 tonnes per £1 million of revenue (Intensity Ratio)
2024
Renewable Energy
25% (from solar panels)
of total energy
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | A draft Scope 3 emissions plan is in development. |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 121 tonnes per £1 million of revenue (Intensity Ratio) |
| 2023 | 1.4K tonnes CO2e reduction per year (from solar) |
| 2022 | 34.5K tCO2e/year |
| 2021 | 32.5K tCO2e/year |
| 2020 | 45.4K tonnes of CO2e |
| 2019 | 46.5K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 emissions by 11% despite a 36% increase in Goodwin Steel Castings activity.
- Reduced overall Scope 1 and 2 emissions by 48% over the past five years, while revenue increased by 50%.
- Reduced energy consumption by over 10% through various efficiency improvements.
- Installed 5.7 MW of solar panels, reducing grid electricity purchases by approximately 25%.
- Obtained planning permission for an additional 5.3 MW of solar panels.
- Purchased a 1,180-acre site in Wales and obtained planning permission to plant over 500,000 trees for carbon offsetting.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Continue monitoring and review of plant and modifications to manufacturing processes to reduce energy usage, CO2 emissions, and waste.
- Install additional 5.3 MW of solar panels (pending DNO permissions).
📅 Medium-term
- Achieve carbon neutrality by 2035 (dependent on government support for green hydrogen).
🔭 Long-term
- By 2079, all electricity used will be generated by green methods, and all hydrocarbon needed for high-temperature processing will be converted to green hydrogen.
🌱 ESG Focus Areas
Climate ChangeEmployee Health and SafetyCommunity InvestmentDiversity and InclusionEthical Business Conduct