Sustainability

Environmental performance is crucial, and as such, we maintain our environmental management system accreditation to ISO 14001:2015 and all our factories and sites operate in accordance with our sustainability policy.

We continue to report all our Greenhouse Gas (GHG) emissions in accordance with UK regulations and the GHG Protocol Corporate Accounting and Reporting Standard methodology as part of our annual reports.

We report on our progress as part of The Carbon Disclosure Project (CDP), a platform to disclose environmental information. Our 2023 score of A Severfield’s place on the CDP’s ‘A List’ this year demonstrates our thorough understanding of risks and opportunities related to climate change, and that we have formulated and implemented strategies to mitigate the effects of our operations on the environment.

Besides carbon, we are also reviewing our approach to biodiversity in line with the expected requirements as part of the Taskforce on Nature-related Financial Disclosures (TNFD), implementing a waste reduction engagement campaign as part of our new set target and refining our approach to address the impact of our supply chain and other scope 3 emissions.

In short, we’re incredibly passionate about doing our part wherever we can, exceeding what is expected of us so we can lead in our industry in as many ways as possible.

At Severfield, we understand that our people are our biggest asset. We have over 1,800 employees across our business, and our future depends on our ability to attract, recruit, develop, and retain individuals with the right mix of expertise, technical skills, and personal qualities. We are stringently committed to the development of our workforce and the upliftment of our local communities.

Severfield proactively reviews skill and knowledge gaps for the future and has, as such, developed and implemented early careers programmes for apprentices and graduates to start to address these needs. Many of those activities directly contribute to us generating social value, which we measure using the TOMs Framework.

Severfield also has strong community connections through The Severfield Foundation, which supports charities across the United Kingdom & Northern Ireland. Our employees are given opportunities to support these charities through our localised social and charitable committees.

Striving for continuous improvement across our four sustainability pillars is essential to support the long-term success and sustainability of the Group. Delivering value ethically and transparently helps to build strong relationships with customers, suppliers, and shareholders, increasing our prospects of accessing new business opportunities.

Our interactions with stakeholders are governed by several key corporate policies and procedures including modern slavery, human rights, anti-bribery, competition law, and whistleblowing. Our policies require us to conduct our business openly and honestly, and, as a result, we aim to have a positive impact on the local communities in which we operate.

Good governance is key to ensuring the Group’s long-term sustainability. The board has overall responsibility for the Group’s sustainability strategy and for determining its risk appetite. The level of risk it is considered appropriate to accept in achieving the Group’s strategic objectives is reviewed and validated by the board.

The appropriateness of the mitigating actions is determined in accordance with the board-approved risk appetite for the relevant area. This process includes the identification and management of climate-related and other sustainability-related risks.

For details on our key KPIs in each area, please refer to our latest annual report on pages 74–75.