Environmental, Social & Governance (ESG)

Environmental, Social & Governance (ESG)

Tristel is operated for the benefit of all stakeholders, be that customers, suppliers, staff, shareholders or local communities. There are six UN’s Sustainable Development Goals which most appropriately represent our ESG efforts:

We categorise our approach to ESG as:

Climate Action and Greenhouse Gas Emissions – we minimise and remedy any negative impact we have upon the planet. We do this by reducing emissions as far as practical and affordable, and given the technology available to us; we will seek to self-manage an off-setting scheme in order to ensure that it is sustainable and that there is no hidden harm associated with it.

Responsible Consumption and Production – we minimise and where possible eradicate any negative environmental and social impact of our supply chain. We include Reduce, Reuse, Repair, Rot, Recycle considerations in our product development, production and business administration activities. We scrutinise the inward supply chain of product and services, to ensure as far as practicable that our suppliers operate in a legal, ethical and safe manner.

Health, Safety and Wellbeing – we maintain a safe and healthy work environment by cultivating an open and inclusive culture, focused upon awareness, open communication, safety education, supervision and safe working methods. Our goal is to have zero work related injuries. We are a supportive, encouraging, and caring employer. Our goal is to be the best employer our team will ever have, and for our team to give the company the best that they are capable of.

Employee Relations – we provide a work environment which promotes and celebrates the richness achieved with gender equality, diversity and inclusion. We encourage continued education and development and in turn provide career progression opportunities wherever possible.

Board matters – we have structured the Board with diverse and independent directors who can align the interests of the business with its shareholders, and who understand and reflect the culture and essence of the business. We seek to ensure that Board pay policies support long term growth in shareholder value. We behave morally and with transparency, seeking shareholder views and approval for any major changes in company and remuneration policies.

To read the Chairman's Corporate Governance Report click here.

The Board recognises that whilst the steps taken so far are an acceptable start to Tristel’s ESG journey, there is still a long way to go. As such we are working with a sustainability and ESG consultant to assist with the setting of a clear pathway to zero carbon, starting in the 2022-23 financial year. The multi-workstream project will examine our carbon emissions and develop an ESG strategy going forward. This will include:

  • Stakeholder insights – internal and external
  • Analysis of our operating environment
  • Framework and target setting
  • Operational review
  • Determination of operational boundaries
  • Data collection and authentication
  • Carbon footprint calculation

This investment in time and resource will set a strong ESG foundation for future success and enable sustainability to sit at the heart of the company’s activities.

We will report upon progress as milestones are reached.

If you would like to find out more please contact me at lizdixon@tristel.com.

Liz Dixon

CFO