Climate action
Advancing sustainability through the power of rental
Protecting the environment is not just the right thing to do; we believe rental has a significant part to play in the transition to a low carbon economy and as such sustainability is a key element of our business strategy. The environmental benefits of renting equipment rather than ownership accrue when many customers rent one piece of well-maintained and safe equipment only when they need it, as opposed to multiple customers purchasing that same piece of equipment, using it a few times, and then disposing of it.
Through our scale, processes and technology, we believe that we are better equipped to reduce the greenhouse gas (‘GHG’) impact of equipment ownership, operations and disposals than equipment operators. Our scale and market reach enable us to achieve a high utilisation rate for each piece of equipment, reducing the overall number of assets required to be manufactured. Our large inventory of rental assets means that our customers can use the right equipment for the right job. Furthermore, they can be given training to operate those machines in the most efficient way possible, minimising fuel consumption and carbon emissions during operation, and by positioning our assets where they are required, reducing transportation requirements. Furthermore, our rigorous maintenance programme ensures all equipment performs at optimal capacity, maximising efficiency, extending its useful life and minimising environmental impact.
Finally, our investment in technology including battery electric vehicles fleets and telematics combined with our geographic reach, enable us to reduce transportation emissions by maximising load capacity and route optimisation.
Our commitment
This year, as an important part of our new strategy, Sunbelt 4.0, we have made a commitment to be Net Zero within our operations (Scope 1 and 2 emissions) by 2050. We have a tangible pathway to enable us to reach this goal, with a 2034 shorter term target of a 50% reduction in Scope 1 and 2 GHG intensity (from a baseline of 2024).
During Sunbelt 4.0, we will focus on expanding electric and hybrid solutions applicable to light, medium and heavy-duty fleet, leveraging clustered markets to optimise deliveries and reduce miles driven and increasingly using renewable diesel, renewable electricity and expanding our LED lighting programme.
We know that the pathway relies on innovation, advancements and refinements in technology, and infrastructure to come to fruition. As such our net zero road map is dynamic and designed to be adapted as both known and unknown factors develop, for example evolving projections around the pace, scale and cost of low carbon technology and infrastructure, and volatility in the renewable energy credit (REC) markets and associated costs. The pathway is informed by the macro-outlook from a range of key sources including OEMs, fuel producers, governments, experts and thought leaders like the International Energy Agency (IEA), as well as our own proprietary insights.
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Ashtead Group plc
100 Cheapside
London
EC2V 6DT
Phone: + 44 (0) 20 7726 9700
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