Speedy Hire Sustainability Profile
Speedy Hire, officially known as Speedy Services, is a leading provider of equipment rental and support services in Great Britain. Headquartered in GB, the company operates extensively across the UK, serving various sectors including construction, infrastructure, and events. Founded in 1977, Speedy has established itself as a trusted name in the industry, marked by significant milestones such as the expansion of its service offerings and a commitment to sustainability. Specialising in tool and equipment hire, Speedy Hire distinguishes itself through its extensive fleet, which includes everything from power tools to heavy machinery. The company is recognised for its innovative solutions and exceptional customer service, positioning it as a market leader. With a strong focus on safety and efficiency, Speedy Hire continues to support projects of all sizes, making it a preferred choice for professionals across the UK.
DitchCarbon Score
How does Speedy Hire's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Construction Work industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Speedy Hire's score of 84 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Speedy Hire's reported carbon emissions
In 2024, Speedy Hire reported total carbon emissions of approximately 283,948,000 kg CO2e, with Scope 1 emissions at about 12,298,840 kg CO2e, Scope 2 emissions at approximately 121,000 kg CO2e, and Scope 3 emissions reaching about 271,529,000 kg CO2e. This represents a significant increase from 2023, where total emissions were approximately 361,361,420 kg CO2e. Speedy Hire has set ambitious climate commitments, aiming for a 50% reduction in absolute Scope 1 and 2 emissions by 2030, using a 2020 baseline. Additionally, they are targeting a 42% reduction in absolute Scope 3 emissions within the same timeframe. Long-term, the company aims to achieve net-zero emissions across all scopes by 2040, with a minimum of a 90% reduction in total emissions from the 2020 baseline. These targets align with the Science Based Targets initiative (SBTi) and reflect Speedy Hire's commitment to climate leadership, ensuring their strategies are consistent with limiting global warming to 1.5°C. The emissions data and reduction targets are sourced directly from Speedy Hire, with no data cascaded from a parent organization.
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| 2015 | 2016 | 2020 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 17,403,610 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 590,930 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Speedy Hire's Industry?
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Speedy Hire's Scope 3 Categories Breakdown
Speedy Hire's Scope 3 emissions, which decreased by 22% last year and increased significantly since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 36% of Scope 3 emissions.
Top Scope 3 Categories
Speedy Hire's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Speedy Hire has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
