Speedy Hire

Speedy Hire, a UK-based construction work company, reported total carbon emissions of approximately 283.9 million kg CO2e in 2024. This includes Scope 1 emissions of about 12.3 million kg CO2e from mobile combustion, Scope 2 emissions of 121,000 kg CO2e from purchased electricity, and Scope 3 emissions of roughly 271.5 million kg CO2e. Key contributors to Scope 3 emissions in 2024 were use of sold products (around 99 million kg CO2e) and downstream leased assets (approximately 81.6 million kg CO2e).

In 2023, Speedy Hire's total emissions were higher at approximately 361.4 million kg CO2e. This comprised Scope 1 emissions of about 12.8 million kg CO2e, Scope 2 emissions of 225,300 kg CO2e, and Scope 3 emissions of roughly 348.4 million kg CO2e. In 2020, the company's total emissions were approximately 269.3 million kg CO2e, with Scope 1 emissions at about 19.8 million kg CO2e, Scope 2 at around 4.4 million kg CO2e, and Scope 3 at roughly 245 million kg CO2e.

Speedy Hire has set ambitious climate commitments, validated by the Science Based Targets initiative (SBTi). The company aims for net-zero greenhouse gas emissions across its value chain by FY2040, using a FY2020 baseline. As part of its near-term targets, Speedy Hire commits to reducing absolute Scope 1 and 2 GHG emissions by 51.6% by FY2030, and absolute Scope 3 GHG emissions by 42% within the same timeframe. The long-term target is to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by FY2040.