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Environmental, Social & Governance

As an organisation operating on a global scale , we need to make sure we play our part in helping minimise climate change.

Environmental, Social & Governance

ESG MapRing Automotive Ltd is steadfast in its commitment to environmental, social, and governance (ESG) principles. Embracing a conscientious approach, we have strategically integrated key initiatives to address ESG matters comprehensively. Our focus areas encompass Climate, emphasising a low-carbon value chain; Circularity, promoting responsible resource use; Social, ensuring a positive working environment; and Integrity, upholding ethical business practices.

In pursuit of sustainability, we have introduced a dedicated emphasis on Science-Based Targets (SBTi) to guide our strategic efforts. Additionally, recognising the pivotal role of informed individuals, we are diligently implementing carbon literacy training for all our staff. These initiatives underscore our dedication to not only meeting compliance requirements but also actively contributing to a more sustainable and responsible future.


Ring Automotives Aims

Climate

  • Carbon Neutral by 2050 (scoped 1,2&3)
  • 42% Reduction in carbon emissions by 2030 (scopes 1 & 2)
  • Engage with 67% of our suppliers (by emissions) to have their SBTi in place by 2026
  • Carbon Literacy training for all of Team Ring
  • Avoid, reduce, compensate

Social

  • Ring values of One Team, Respect, Passion & Customer Focus
  • Ring Forum - Employee team focused on social activity across the business
  • Support for local charities and community groups


Circularity

  • Implement plastic-free packaging
  • Reduction of waste to landfill
  • Recyclability: Design for disassembly – Develop product design for the easy separation of specific components (circuit boards, mercury-based items, batteries)

Integrity

  • ESG a lead Executive Board KPI
  • Carbon Literacy Training for all Ring colleagues
  • ESG team established and part of SEM process
  • Committed to achieving ISO 14001 certification

CY23 Sustainability Progress

Climate

  • Science Based Targets initiative (SBTi): Baseline & targets being collated to achieve submission Q2 2024
  • 71 Ring colleagues Carbon Literacy trained in 2023.
  • 79% of the team is now certified in Carbon Literacy.
  • ESG discussions began with 64% of suppliers.

Social

  • Ring Forum established to focus on promoting social interaction within the business
  • Numerous charity fundraising events held throughout the year including the Three Peaks Challenge.
  • Participation in ESG Week, COP28 aligned with changing how staff commute, establishing a swap shop and Christmas Charity collections.
  • Introduction of mental health training plus a dedicated team of mental first aiders within the business.
  • Toilet twinning funding activated.


Circularity

  • New bulb plastic-free packaging delivered in 2022: Cardboard blister pack project 2023.
  • Plastic-free packaging across workshop lighting solutions.
  • Office/production facilities now have dedicated recycling points.
  • I-force & Atlas handle selected ACE returns to test/process/re-purpose.
  • Cardboard shredder installed to reprocess cardboard boxes for packaging filling.
  • EV charge points installed, EV company cars and a salary sacrifice scheme in progress.

Integrity

  • ESG and Health & Safety KPI’s established and always covered in monthly board meetings.
  • Carbon Literacy training added to the new started onboarding process.
  • FE suppliers required to have an active independent social & ethical audit (SEDEX or BSCI) and to also sign/abide by our code of conduct.

Introduction of SBTi

SBTi graphic Science-based targets provide a clearly defined pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth.

Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.


Carbon Literacy Training

Carbon LIteracy Programme graphic Carbon literacy training is a vital initiative to increase awareness and understanding of carbon-related issues, environmental impact, and climate change mitigation. This training equips individuals with the knowledge and skills needed to adopt sustainable practices, ultimately contributing to the reduction of carbon emissions.

At Ring Automotive Ltd, we recognise the importance of carbon literacy in fostering a culture of environmental responsibility. Currently, we are actively working to ensure that all our staff undergo carbon literacy training. We are proud to report that 79% of our employees have already completed and are certified in this essential program, reflecting our commitment to sustainability and a low-carbon future.