Senior awarded 'A' for climate change transparency

RNS Number : 6023J

Senior PLC

13 December 2022

 

Senior plc awarded with 'A' score for transparency on climate change

Senior plc ("Senior" or "the Group"), an international manufacturer of high technology components and systems, is pleased to announce that it has been recognised as a leader in corporate transparency and performance on climate change.  Senior has been awarded an 'A' by CDP, a global environmental non-profit charity that provides a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

Based on CDP's thorough assessment of comprehensive climate change data, Senior is one of only 283 companies that achieved the highest 'A' rating out of nearly 15,000 companies scored, putting us in the top 2% of disclosing companies.

The award is further recognition of Senior's ESG leadership, with the Group previously being the first in its sector to have its carbon reduction targets verified by the Science Based Targets Initiative (SBTi) in 2020.  Senior was also recognised as a supplier engagement leader by CDP earlier this year, ranked in the top 8% of companies worldwide and awarded the highest level in the rankings.

CDP's annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency.  In 2022, over 680 investors with over US$130 trillion in assets and 280 major purchasers with US$6.4 trillion in procurement spend requested companies disclose data on their environmental impacts, risks and opportunities through CDP's platform.  A record-breaking 18,700 companies responded.

David Squires, Group Chief Executive Officer of Senior said: "We are delighted to achieve the highest "A" rating from CDP, which is further recognition of our sector-leading commitment to sustainability.  This award highlights our commitment to the highest levels of transparency on our climate change initiatives and our commitment to playing a leading role in the transition towards a sustainable net-zero future.  Senior's focus on sustainability is deeply rooted in our values and activities as a business, with our products helping to improve the efficiency and reduce the environmental impact of our customers' end products."

Dexter Galvin, Global Director of Corporations and Supply Chains at CDP, said: "Congratulations to all the companies on this year's A List; environmental transparency is the first vital step towards a net-zero and nature-positive future.  In a year of ever-increasing environmental concerns around the world - from extreme weather to unprecedented losses to nature - the need for transformational, urgent and collaborative change is more critical than ever.  We must decarbonize half of global GHG emissions and eliminate deforestation by 2030, alongside achieving water security on the same timescale - there is no route to 1.5°C without nature.  As CDP continues to raise the bar on what qualifies as climate, forests and water leadership, we hope to see the ambitions and actions of companies on the A List - and those wanting a place on it - do the same."

The full list of companies that made this year's CDP A List is available here: https://www.cdp.net/en/companies/companies-scores

About Senior

Senior is an international manufacturing group with 27 operating businesses in 12 countries.  It is listed on the main market of the London Stock Exchange (symbol SNR).  Senior designs and manufactures high technology components and systems for the principal original equipment manufacturers in the worldwide aerospace & defence, land vehicle and power & energy markets.  Further information on Senior plc may be found at: www.seniorplc.com

About CDP

CDP is a global non-profit that runs the world's environmental disclosure system for companies, cities, states and regions.  Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests.  Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions.  Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.  CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.  Visit www.cdp.net or follow us @CDP to find out more.

A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.  Those that do not disclose or provided insufficient information are scored an F.

Further information

Gulshen Patel	Director of Investor Relations & Corporate Communications, Senior plc	[phone]
Richard Webster-Smith	FGS Global	[phone]

 

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