CO₂ Performance ladder

The ambition of Renewi is in line with the global objectives: to not exceed the 1.5*C warming of the planet. Renewi has committed to:

• reduce 15% of its Scope 1 and 2 by 2025 (FY26),
• reduce 50% of its Scope 1 and 2 by 2030 (FY31),
• 25% reduction on Scope 3
  – all under absolute contraction approach, from the baseline year being the recalculated FY22. We consider these targets in line with the guidance of the Science-Based Targets Initiative although they have not been verified by SBTI yet.

Based on this new commitment, a detailed project planning for individual carbon reduction initiatives is under way. The general plans include:

• the decrease of fuel use and electrification of fleet,
• energy efficiency,
• energy sobriety,
• PV/wind/storage installation,
• Futher optimizing processes on site,
• Carbon capture.

A more detailed description of the performance, management system and planned actions can be found in the management reports:

• Management Report – System
• Management Report – Performance

Renewi follows the operational control rule in determining its GHG accounting boundary. The boundary of Renewi Netherlands Holding has been determined on the basis of the organization chart of Renewi in March 2024. Group Central Services are excluded from the below analysis as these activities support all legal entities, not just those that are being audited under CO₂Prestatieladder. In due course of the suppliers analysis (A/C analysis) as prescribed by SKAO, we have identified that the Belgian business of Renewi, under Renewi NV entity, should be included in the CO₂ Performance Ladder boundary going forward. This is reflected since the FY23 totals and going forward.

As a result of the activity above, the accounts given on this page for the purpose of CO₂ Prestatieladder differ from the accounts presented in the Annual Report and the difference amounts to the operations of UK Municipal and the Group overheads.

In FY24, a miscalculation in the base year was discovered, which triggered a revalidation of the limited assurance for the years FY22 and FY23 and a change in the numbers reported. The revalidated FY22 and FY23 figures, appropriated to the boundary described above, are presented below.

Renewi Netherlands Holding has restated the baseline emissions to 527,660 tons CO₂e in FY22 (market-based). In FY23, the emissions dropped to 507,391 tons CO₂e.

The total CO₂e footprint for 2023 (excl. Scope 3) consisted of 93% scope 1 emissions and 7% scope 2 emissions. The decrease between 2022 and 2023 can be attributed to a decrease in tonnages, which explains lower process emissions as well as lower use of fuel. Additionally, continuous improvement activities have been performed around sites maintenance to improve the landfill gas capture and further optimization of routes through the Green Collective initiative.

The direct emissions (scope 1) caused by Renewi Netherlands and Renewi NV over FY23 amounted to 472,150 tonnes of CO₂e and consisted in about 74% of direct process emissions (such as landfill gas, composting, soil cleaning process), and 26% of fuel consumption.

Within fuels, the most widely used one is diesel, in our CW NL and CW BE divisions, especially for fueling the trucks. Fuel consumed by lease cars is only responsible for only 0.5% of Scope 1.

The indirect CO₂emissions (scope 2) for FY23 (market-based) amounted to 35,241 tCO₂e and are almost entirely caused by purchased electricity on locations rather than in fleet. Note: at the moment the energy consumption of EV trucks is added to the site energy bills at the point of charging, therefore showing in the site-related electricity consumption.