Speedy Hire recognised as “climate leader”

UK-based rental company Speedy Hire has been named as one of the Financial Times Europe Climate Leader.

The award is given to companies who are most successfully reducing their core greenhouse gas emissions.

In the case of Speedy, which has received the award for the second consecutive year, it has been recognised for its track record in supporting the decarbonisation of the British construction industry.

It comes following the launch of its ‘Decade to Deliver’ strategy roadmap earlier this year.

With the strategy, the company has outlined its sustainability journey for the next 10 years with a number of targets, including the reduction of the company’s Scope 1 & 2 emissions by 50%, and Scope 3 emissions by 42% by 2030.

It would also see them achieve Net Zero by 2040, ten years ahead of the government’s deadline. 

Last July it also partnered with manufacturer Niftylift to launch the world’s first hydrogen-electric powered access platform. More recently, in October Speedy acquired Green Power Hire Limited which it said will enable it to provide zero-carbon hydrogen-powered battery storage units.

It has also announced the launch of Speedy Hydrogen Solutions, a joint venture with AFC Energy to provide zero emission, temporary power solutions designed specifically for the off-grid generation market.

Amelia Woodley, ESG director, Speedy Hire said, “Our ‘Decade to Deliver’ strategy places sustainability and responsibility at the centre of everything we do. To be recognised for a second year running as a European Climate Leader by the Financial Times is testament to the tangible progress we’ve made as a business on environmental issues and reinforces our ambition to drive decarbonisation in our industry.”

As well as the Financial Times Europe Climate Leader award, Speedy have also been awarded a Gold rating from sustainability ratings platform EcoVadis, meaning it is in the top 5% of UK businesses for decarbonisation readiness.

Meanwhile, it has also received an A- rating for disclosure and environmental performance from the Carbon Disclosure Programme and the Sustainability and CSR award at the Hire Excellence Awards.