DW Windsor's parent company, Luceco Group, has announced significant progress with its sustainability strategy, achieved against a challenging backdrop, and sets out ambitious targets that will increase the Group’s contribution to the sustainability goals of its customers and wider society.
Significant emission reductions delivered
The Group announces that it achieved its aim of making its own operations carbon neutral in 2021. It has eliminated or offset all operational greenhouse gas emissions, otherwise known as Scope 1 and Scope 2 emissions as defined by the UK Government’s Streamlined Energy and Carbon Reporting (“SECR”) framework. 75% of these emissions previously related to electricity use, which has now been moved to renewable sources. The remaining 25% related largely to hydrocarbon use, emissions from which are now being offset with high-quality carbon credits in compliance with the Verified Carbon Standard.
Scope 3 SECR emissions, which are those emitted by others in the Group’s supply chain through either the sourcing or use of the Group’s products, were quantified for the first time in 2021. A target for reducing this remaining part of the Group’s carbon footprint will be set in 2022.
Low carbon sales target set
Luceco’s recent acquisition of Sync EV - a leading manufacturer of domestic electric vehicle chargers across the UK - reaffirms the Group's commitment to help people harness power sustainably in everyday life and promote the adoption of lower carbon alternatives. Leveraging the opportunity presented by LED lighting and EV Chargers, Luceco will seek to grow its annual sales of low carbon products from £56m in 2021 to at least £100m in 2025.
Increased transparency of sustainability performance
The Group, comprising Luceco Lighting, DW Windsor, Kingfisher Lighting, BG Electrical, Masterplug, and Sync EV brands, also joined the Carbon Disclosure Project in 2021 - a not-for-profit charity that runs a global environmental disclosure and grading system – to ensure stakeholders have maximum transparency and an independent assessment of its climate credentials. The Group also plans to join the influential Science-Based Targets Initiative (“SBTi”) in 2022.