Norcros plc

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2024🗂️ Report periods on file: 2024

In its 2024 reporting, Norcros plc disclosed greenhouse gas emissions of 911.0K tCO2e/year. By scope: Scope 1: 41.4K tCO2e/year; Scope 2: 21.8K tCO2e/year (market-based); Scope 3: 847.9K 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
911.0K tCO2e/year
2024
⚡
Renewable Energy
37% of total energy use
of total energy
💧
Water Usage
178.4K m3/year (withdrawal) 144210 m3/year (consumption)
2024
♻️
Waste
12.7K tons/year
2024
⚙️
Energy Use
261.6M kWh/year
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).41.4K tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.21.8K tCO2e/year (market-based)
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).847.9K tCO2e/year

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

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce absolute scopes 1 and 2 GHG emissions by 33.6% by 2028 (2023 base year).

📅 Medium-term

  • Reduce absolute scope 3 GHG emissions by 20.0% by 2028 (2023 base year).
  • Organic growth at 2–3% ahead of the market.
  • Operating margin to 15%.
  • Cash conversion greater than 90%.
  • Return on capital employed greater than 20%.

🔭 Long-term

  • Net zero GHG emissions across the value chain by 2040.

🌱 ESG Focus Areas

PeopleProductPlanet

⚠️ Challenges & Risks +

  • Challenging market conditions in both core geographies, with specific energy-related challenges in South Africa.
  • Reduction in housebuilding activity in the UK and Ireland.
  • Macroeconomic uncertainties impacting consumer confidence in South Africa.
  • Sustained national energy supply interruptions in South Africa.
  • Cost of living pressures impacting consumer spending.

📋 Report Information

Reporting Period: 2024
Frameworks: TCFD, SBTi, CDP