- Market challenges across the transport sector, leading to short-term fluctuations in orders for Emerging A&I
- Project disruptions in end markets (Middle East) impacting Energy and Environment margins
- Lower order intake in Performance Products due to completion of major programmes
- Delays in orders for Established Automotive and Industrial
- Increased Scope 3 emissions due to improved measurement capabilities and increased product sales
Ricardo plc
Greenhouse gas emissions & sustainability report data
In its 2023-07-01 to 2024-06-30 reporting, Ricardo plc disclosed greenhouse gas emissions of 139.6K tCO2e/year (market-based). By scope: Scope 1: 58 tCO2e/year; Scope 2: 914 tCO2e/year; Scope 3: 136.0K tCO2e/year. 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
139.6K tCO2e/year (market-based)
2023-07-01 to 2024-06-30
Renewable Energy
81%
of total energy
Water Usage
33.8K m3/year (over 50 people)
2023-07-01 to 2024-06-30
Waste
642.3K tons/year
2023-07-01 to 2024-06-30
Energy Use
11.0K MWh/year
2023-07-01 to 2024-06-30
📊 Emissions by Scope (2023-07-01 to 2024-06-30)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 58 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 914 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 136.0K tCO2e/year |
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 |
|---|---|
| 2023-07-01 to 2024-06-30 | 139.6K tCO2e/year (market-based) |
| 2021-07 to 2022-06 | 100.1K tCO2e (location-based Scopes 1 2 & 3) |
| 2020 to 2050 | 49.1 MT CO2e/year (target for 2050) |
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 42.8% since 2019
- Reduced Scope 3 emissions by 11% year-on-year in FY 2023/24
- 81% of total electricity from renewable sources in FY 2023/24
- 98% waste diverted from landfill
- 16% reduction in water intensity per employee since FY 2021/22
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 emissions by 46.2% by FY 2030/31
- Increase renewable electricity sourcing to 90% by FY 2025/26
- Reduce absolute Scope 3 emissions by 27.5% by FY 2030/31
- Employee engagement score of 4.0
- Over 80% response rate to employee survey
📅 Medium-term
- Deliver 75% underlying operating profit through Environmental and Energy Transition portfolio by FY 2026/27
- Improved gender diversity of new hires
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
Climate changeEnvironmental sustainabilityPeople (Employee wellbeing, diversity & inclusion)Governance