- Softening in Regional customer markets
- High operational gearing
- High interest costs
- Reduced performance from joint venture in Kazakhstan
- Macro-economic uncertainty
- Cost inflation
- Supply chain disruptions
- Challenges in obtaining scope 3 greenhouse gas emissions data
- Insufficient EV infrastructure development
- High turnover rates in certain sectors
Speedy Hire Plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Speedy Hire Plc disclosed greenhouse gas emissions of 283.9K tCO2e/year. By scope: Scope 1: 12.3K tCO2e/year; Scope 2: 121.00 tCO2e/year; Scope 3: 271.5K 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
283.9K tCO2e/year
2024
Renewable Energy
94.2%
of total energy
📊 Emissions by Scope (2024)
| 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). | 12.3K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 121.00 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 271.5K 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 |
|---|---|
| 2024 | 283.9K tCO2e/year |
| 2023 | 13.4K tCO2e/year |
| 2022 | 16.8K tCO2e/year (FY2022) |
| 2021 | 19.0K tCO2e/year |
| 2020-04 to 2023-03 | 13.4K tCO2e/year (FY2023) |
| 2020 | 22.4K tCO2e/year (2019) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced carbon emissions by 21.4% from 361,361.42 tonnes in FY2023 to 283,947.52 tonnes in FY2024
- Achieved zero waste to landfill
- Achieved 57% waste recycling
- 94.2% renewable electricity usage
- 63% of £42.5m investment in hire fleet was in sustainable products
- ECO products accounted for 55% of revenue
- CDP A- ranking, demonstrating environmental leadership
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption
- 70% eco products by volume by 2027
- 100% renewable electricity by 2027
- 100% of company cars to be electric/hybrid by 2025
📅 Medium-term
- Achieve 30% renewable energy by 2030
- Reduce scope 1 and 2 emissions by 51.6% by 2030
- Reduce scope 3 emissions by 42% by 2030
- 30% women by 2030
- 1% profit invested in charitable and community programmes by 2025
🔭 Long-term
- Net zero emissions by 2040
🌱 ESG Focus Areas
Climate ChangeDiversity, Equity, and InclusionHealth, Safety, and WellbeingModern Slavery and Human RightsResponsible SourcingWaste and Circular Economy