Solid State plc

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2024🗂️ Report periods on file: 2024, 2022-04-01 to 2023-03-31

In its 2024 reporting, Solid State plc disclosed greenhouse gas emissions of 253.45 tCO2e/year (UK and offshore) + 364.35 tCO2e/year (Global). By scope: Scope 1: 129.76 tCO2e/year (UK and offshore) + 79.28 tCO2e/year (Global); Scope 2: 123.69 tCO2e/year (UK and offshore) + 285.07 tCO2e/year (Global). 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
253.45 tCO2e/year (UK and offshore) + 364.35 tCO2e/year (Global)
2024
⚙️
Energy Use
1.3M kWh/year (UK and offshore) + 1269977 kWh/year (Global)
2024

📊 Emissions by Scope (2024)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).129.76 tCO2e/year (UK and offshore) + 79.28 tCO2e/year (Global)
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.123.69 tCO2e/year (UK and offshore) + 285.07 tCO2e/year (Global)

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2024253.45 tCO2e/year (UK and offshore) + 364.35 tCO2e/year (Global)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Minimise CO2e from electricity, gas, company vehicles, and air freight
  • Switch to electric heating by 2040 if no low-carbon alternative for gas is available

📅 Medium-term

  • All new company vehicles to be battery-powered
  • Maintain circa 20% compound annual growth in Total Shareholder Return
  • Enhance operating margins to 12% by 2030
  • Develop counterweight markets to Defence & Security, especially in Medical Technology

🔭 Long-term

  • Achieve net zero in Scope 1 and 2 emissions by 2050

🌱 ESG Focus Areas

EnvironmentalSocialGovernance

⚠️ Challenges & Risks +

  • Marginal increase in Scope 1 and 2 emissions in 2024 due to grid being 9% less green than in 2023
  • Achieving net zero from freighting goods
  • Capturing data from work from home, business miles in private vehicles, and freighting goods to fully understand carbon footprint
  • Slowdown in industrial and rail sectors
  • Challenging sectors in developing a diverse workforce

📋 Report Information

Reporting Period: 2024
Frameworks: QCA Code
Assurance: RSM UK Audit LLP