Speedy Hire

Speedy Hire's reported carbon emissions

Speedy Hire reported a total of approximately 283.9 million kg CO2e for the year 2024. This figure encompasses Scope 1, 2, and 3 emissions. Within this, Scope 3 emissions were the largest contributor, amounting to approximately 271.5 million kg CO2e, with downstream leased assets and use of sold products being significant components. Scope 1 emissions totalled approximately 12.3 million kg CO2e, primarily from mobile combustion, and Scope 2 emissions were approximately 0.12 million kg CO2e from purchased electricity. The company has established robust climate commitments. Speedy Hire aims to achieve net zero by 2040. As a significant step towards this goal, they have committed to reducing absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2030, using a 2020 baseline. Furthermore, they aim to reduce absolute Scope 3 emissions by 42% by 2030, also against the 2020 baseline. These near-term targets align with a 1.5°C reduction pathway, demonstrating a commitment to climate leadership. The company's long-term goal includes a commitment to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2040, with the ultimate aim of reaching net zero across the value chain by the same year.