SASB Response / Business Model & Innovation
Product Design & Lifecycle Management / Fuel Economy & Emission in Use-phase
| REF | Stato | Disclosure | Our Response |
|---|---|---|---|
RT-AE-410a.1 | Partial Disclosure | Revenue from alternative energy-related products | During the reporting period our revenue from alternative energy-related products equates to £202,452 and across the business we are actively exploring energy and technology innovations (Electric Vehicles, use of hydrogen etc.) which we believe will provide significant opportunities to increase our revenue. |
RT-AE-410a.2 | Partial Disclosure | Description of approach and discussion of strategy to address fuel economy and greenhouse gas (GHG) emissions of products | Babcock has a group-wide Carbon reduction strategy, Plan Zero 40, which details the organisation’s transition to Net Zero carbon emissions. Babcock has a complex and diverse nature of business operations and the in-use emissions of our products and services is a key aspect of our Scope 3 footprint. We are currently working to develop a holistic understanding of the impacts of our products and services, including assessing opportunities for Life Cycle Assessments and whole life costing along with a range of tools and methodologies. Babcock has a significant opportunity to support our customers, partners and wider stakeholders with their decarbonisation journeys. |