Governance

The United Nations’ Sustainable Development Goals 2030 (UNSDGs) act as a blueprint to achieve a better and more sustainable future for all, with a view of addressing poverty, inequality, climate change, environmental degradation, peace and justice. For businesses, strong corporate governance plays a vital role in this agenda, which is something that Speedy are committed to.

As ESG continues to grow in executive mindshare and compliance importance, it’s critical to keep good governance practices as a focal point and executive priority. With stakeholder demands increasing for strong governance practices; regulators, and customers seek companies that demonstrate sound financial decision-making and business performance whilst contributing more positively to the environment and society; additionally, ESG governance also places a key role in voluntary and mandatory ESG reporting and public disclosure.

Our strong controls and leadership within ESG Governance ensure that our sustainability efforts continue to meet current and emerging legal and compliance requirements. Speedy regularly reviews internal and external ESG risks through respected independent frameworks such as TCFD (Task Force for Climate-Related Financial Disclosure), which determine strategies to reduce risk(s), and put preventative and adaptive measures in place to manage these accordingly and undertake Legal Horizon Scanning biannually which is briefed to the business.

To validate our performance, we are the first UK hire company to publicly commit to adopting science-based targets to achieve Net-Zero carbon emission by 2040 in line with science and government policy, further enhancing our accountability focused leadership in sustainability.

Speedy’s Net- Zero carbon targets have been validated by the Science Based Targets initiative (SBTi), the global gold standard for Net-Zero.

The SBTi has approved:

1) Our near-term targets to reduce our carbon emissions across our vehicle fleet and property estate by 50% and our supply chain by 42% by 2030.

2) Our long-term target to reduce our carbon emissions by at least 90% across our vehicle fleet, property estate and our supply to achieve Net-Zero by 2040.

Speedy is now the first in UK Hire to have its Net-Zero targets validated to the most ambitious designation available through the SBTi process!

 

 

We have been awarded "ISS ESG Prime Status" as an ESG leader in Support Services. This is awarded to companies with an ESG performance above the sector-specific Prime threshold, which means we are fulfilling ambitious absolute performance requirements.

We strive to maintain high standards, reporting with accuracy and transparency and maintaining compliance with the laws, rules and regulations that govern our business, which is also of key importance to us as a publicly listed company.

Speedy has been awarded Gold by Ecovadis, placing us amongst the top 5 percent of companies assessed by EcoVadis, in addition to scoring an A- under the Carbon Disclosure Programme.  

 Speedy are participating in the UN Global Compact initiative. 

 

Our business has robust governance controls and processes in place covering structure and oversight, code of conduct, reporting and the integrity and security of systems. Our GHG data is externally verified and audited by Hydrock. The lead verifier who undertook this work has gone through training of ISO14064-3 (certificate was provided to Speedy within the verification pack) and under a 3 stage process consistent with ISO17025. This enables us to make effective decisions, comply with relevant law, rules and regulations whilst meeting the needs of our external stakeholders. We also believe in promoting equality and diversity within the workforce and we work hard to foster that culture within all areas of our business.