RS GROUP LISTED IN S&P GLOBAL SUSTAINABILITY YEARBOOK 2024
Inclusion reflects industry leadership in sustainability and significant progress by RS Group
LONDON, UK, XX February 2024 – RS Group plc (LSE: RS1), a global provider of product and service solutions for industrial customers, today announced that for the first time it’s been included in the S&P Global Sustainability Yearbook, positioned in the top 15% of companies in its industry.
The S&P Global Sustainability Yearbook is based on S&P Global’s Corporate Sustainability Assessment (CSA), an annual evaluation of companies’ sustainability practices. It is widely considered to be the world’s most comprehensive publication on corporate sustainability and aims to distinguish companies within their industries that have demonstrated strong progress in corporate sustainability. It only includes 733 companies out of the 9,000+ that took part in the CSA.
“We’re thrilled that RS has been included in the S&P Global Sustainability Yearbook for the first time,” said Andrea Barrett, VP Social Responsibility and Sustainability. “Our inclusion is down to our colleagues’ tireless efforts to deliver our 2030 ESG action plan and advance sustainability in our operations, packaging and logistics, while collaborating with our suppliers to offer our customers more sustainable products and service solutions. This is another significant milestone in our ESG journey, positioning us as a sustainability leader and setting us apart from our industry peers with our key stakeholders.”
RS Group’s 2030 ESG Action Plan was launched in November 2021 and focuses on four global goals: advancing sustainability; championing education and innovation; empowering our people; and doing business responsibly.
S&P Global has recognised the significant progress RS Group has made across its environmental, social, and governance and economic dimensions. Key progress points include:
58% reduction in Scope 1 and 2 emissions since 2019/2020 driven by premises energy reductions, switching to renewable electricity and the introduction of electric and hybrid vehicles into its company car fleet. .
Building skills and inspiring innovation with the next generation of engineers and innovators – with c.471k young engineers and students reached through educational programmes, products and DesignSpark platform.
Governance and economic dimensions
Helping to create a more responsible and sustainable supply chain with 50% of RS suppliers by spend now engaging with EcoVadis to drive ESG improvements.
RS Group has also retained its A- rating in this year’s CDP, placing the Group in the ‘Leadership band’ and recognising its ongoing leadership related to climate action and disclosure within the global industrial sector.
RS Group plc provides product and service solutions that help our customers design, build, maintain, repair and operate industrial equipment and operations, safely and sustainably. We stock more than 750,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of product and service solutions to 1.1 million customers.
We support customers across the product lifecycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimising inventory in the maintenance, repair and operation phase. We offer our customers tailored product and service propositions that are essential for the successful operation of their businesses and help them save time and money.
RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2023 reported revenue of £2,982 million.