TIDMDLAR
De La Rue PLC
18 March 2022
18 March 2022
REACH
DE LA RUE PLC
UPDATE ON RESPONSIBLE BUSINESS ACTIVITIES - ENVIRONMENT, SOCIAL,
GOVERNANCE (ESG)
De La Rue plc (LSE: DLAR) ("De La Rue") has recently submitted
targets to the Science Based Targets Initiative to reduce our
greenhouse gas emissions, consistent with limiting global
temperature increases to no more than 1.5degC. We are also setting
out in more detail the Company's priorities in the areas of
Environmental, Social and Governance (ESG) responsibility.
De La Rue's purpose of securing trust between people, businesses
and governments reflects our long-held belief that we have a
responsibility to operate in a way that benefits the world around
us: for our customers, our employees, the wider communities in
which we work and the natural environment. Our strategy encompasses
clear commitments to lead our industry in sustainability, to
protect and respect our people and to maintain the highest ethical
and governance standards in the conduct of our business.
At De La Rue, we have proactively taken steps to lead our
industry on environmental sustainability for many years. We have
been certified for ISO14001 in the UK since 2003 and for all our
manufacturing sites globally since 2011. Our work in this field has
also been recognised externally, being named within the Top 25 of
Europe's Climate Leaders by the Financial Times in 2021.
In 2022 we submitted targets to the Science Based Targets
Initiative to reduce our greenhouse gas emissions. These
science-based targets support limiting global temperature increases
to no more than 1.5degC by reducing all our emissions (scope 1, 2
and 3) by 45% by 2030. In addition, we have committed to achieve
carbon neutrality for our own operations by 2030. Recent
initiatives which help towards this goal include the installation
of cool roof technology in our plant in Malta, moving our Certify
solution from on-premises hardware installations to a cloud hosted
solution and recycling 100% of the polymer waste from our
production process.
From a social perspective, inclusivity is at the core of our
ways of working. We believe in treating our colleagues, suppliers,
customers and the communities in which we operate in an ethical and
respectful way. Our principle of 'Be heard, be valued, be you'
underpins the way in which we build the strength of diversity of
the people within De La Rue. It articulates our focus on
demographic diversity, organisational diversity and cognitive
diversity.
At De La Rue, we are proud of our 50:50 male/female ratio at
both Board and Executive Leadership Team level. However, our
commitment to diversity runs much deeper than these headlines. To
achieve a culture of trust and respect we have a range of
initiatives. For example, we train our managers in hiring best
practice and monitor the diversity of our applicant pool. We hold
employee forums and networks to share ideas, views and concerns and
use engagement surveys to gather employee feedback. As an active
participant in the UNGC Target Gender Equality initiative, we have
been able to benchmark ourselves and share learning with other
companies .
As befits the sensitive nature of our business, we uphold the
highest ethical standards in the way that we operate. We are one of
the founding members of the Banknote Ethics Initiative and a
supporter of the Institute of Business Ethics. As well as normal
reporting lines, we have a number of Ethics Champions across the
business to which employees can report any concerns.
Underpinning all this is our governance structure which provides
the framework within which ethically-based, well-considered
decisions about the business can be made. In the interests of
transparency, our website, which we have recently refreshed, sets
out the key components of De La Rue's governance structure.
More detail on our responsible business culture can be found at
www.delarue.com/responsible-business .
Clive Vacher, Chief Executive Officer of De La Rue commented,
"De La Rue has long been the industry leader on environmental
sustainability and we are continuing our journey to net zero by
setting SBTi and Carbon Neutrality targets. We have a strong
commitment to the highest ethical standards in all areas of our
business and continue to execute world-class governance policies
and procedures. I am delighted to showcase the hard work that our
teams are undertaking to maintain and improve those standards."
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
Enquiries:
De La Rue plc +44 (0) 7990 337707
Kevin Loosemore Chairman and board member responsible
for ESG
Clive Vacher Chief Executive Officer
Mike Lycett Group Director of Risk, HSE and Security
Louise Rich Head of Investor Relations
Brunswick +44 (0)207 404 5959
Stuart Donnelly
Ed Brown
Cautionary note regarding forward-looking statements
This announcement includes statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "estimates",
"anticipates", "expects", "intends", "plans", "goal", "target",
"aim", "may", "will", "would", "could" or "should" or, in each
case, their negative or other variations or comparable terminology.
These forward-looking statements include all matters that are not
historical facts. They appear in a number of places throughout this
announcement and include statements regarding the intentions,
beliefs or current expectations of the directors, De La Rue or the
Group concerning, amongst other things, the results of operations,
profitability, financial condition, liquidity, prospects, growth
and strategies of De La Rue and the industry in which it
operates.
By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future and may be
beyond De La Rue's ability to control or predict. Forward-looking
statements are not guarantees of future performance. The Group's
actual results of operations, profitability, financial condition,
liquidity, prospects, growth and/or strategy and the development of
the industry in which it operates may differ materially from the
impression created by the forward-looking statements contained in
this announcement. In addition, even if the results of operations,
profitability, financial condition, liquidity, prospects, growth
and/or strategy of the Group and the development of the industry in
which it operates are consistent with the forward-looking
statements contained in this announcement, those results or
developments may not be indicative of results or developments in
subsequent periods.
Other than in accordance with its legal or regulatory
obligations, De La Rue does not undertake any obligation to update
or revise publicly any forward-looking statement, whether as a
result of new information, future events or otherwise.
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END
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March 18, 2022 03:01 ET (07:01 GMT)
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