Page 95 - Sigmaroc Annual-Report 2023

SECR – We continue to report our energy consumption and Scope 1-3 greenhouse gas emissions according to the SECR regulations, including non-mandatory aspects to ensure full transparency of our emissions and intensity ratio.
TCFD – This is the first year we have fully reported against the recommendations and recommended disclosures of the Taskforce on Climate-Related financial disclosures (TCFD), under the Companies (Strategic Report) (Climate- related Financial Disclosure) Regulations 2022. The report was developed in conjunction with external consultants. The report has been reviewed by both the Audit Committee as well as the Company Auditors. The report can be found on page 124 of this report.
SASB – We continue to use SASB as a guiding principle for disclosure of metrics that are material to our industry as per the SASB materiality matrix.
SBTi – In line with our stated ambition, this year we have submitted our Scope 1-3 carbon footprint alongside our emissions reduction targets data to SBTi. We have committed to reducing our Scope 1&2 emissions, and to reducing our Scope 3 emissions, aligned with the ambition and emissions reduction trajectory required to curb global temperature rise to 1.5oC.
European Energy Directive – UK ESOS report has been compiled and will be submitted in line with UK submission requirements.
MATERIALITY ASSESSMENT
Sustainability Recognition and Commitment – Currently holding a AA rating, we are recognised as a “Leader” in our sector by MSCI. This year we registered with CDP and submitted our first Climate Change questionnaire, and await validation of our emissions reduction targets from the SBTi.
STAKEHOLDER ENGAGEMENT AND MATERIALITY ASSESSMENT
We continually engage with a wide array of internal and external stakeholders to identify the key sustainability issues that matter most to the Group and to our core stakeholders. Our findings have guided our ESG journey, through setting strategic sustainability performance targets against each material issue. We report on our progress against the strategic targets set and further information on our Materiality Assessment, including our Materiality Matrix.
Increasing importance to Stakeholder vs. increasing importance to SigmaRoc
7
Increasing importance to SigmaRoc
21
4 3
11
56 10
12 8
9
1. Sustainable use of reserves and resources
2. Responsible use of key resources
3. Optimal energy use and minimal impact on the environment
4. Contributing to sustainable construction and addressing environmental aspects
5. Ensure people leave work in the same or better condition than when they arrived
6. Supporting the physical and mental health of our employees and their families
7. Attract, train, retain and engage our workforce
8. Be a good neighbour, source local, buy local, sell local, invest local
9. Promote QCA and Corporate Governance
10. Ensure proactive Board oversight and independance of commitees
11. Focus on risk management and mitigation
12. Ensure transparency on reporting and tax
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Increasing importance to Stakeholders