Speedy Hire PLC

Common Name
Speedy Hire
Country
United Kingdom
Sector
Industrials
Industry
Rental & Leasing Services
Employees
3,394
Ticker
SDY
Exchange
LONDON STOCK EXCHANGE
Description
Speedy Hire Plc is a leading provider of tools, equipment, and plant hire services in the United Kingdom and Ireland. The company primarily serves the construction, infrastructure, and industrial sect...

Speedy Hire's GHG Emissions Data Preview

In 2024, Speedy Hire completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Speedy Hire has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Speedy Hire's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Speedy Hire amounted to 14,013.92 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Speedy Hire increased by 7.85%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Speedy Hire's Scope 1 Emissions Over Time

20202023202405 k10 k15 k20 ktCO2e-36%-4%
  • Total Scope 1
  • Year-over-Year Change

What are Speedy Hire's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Speedy Hire were 12,297.84 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Speedy Hire reduced its Scope 1 emissions over time?

Since 2020, Speedy Hire's Scope 1 emissions have decreased by 38.02%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), Speedy Hire's Scope 1 emissions decreased by 3.69%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Speedy Hire's Scope 2 emissions?

In 2024, Speedy Hire reported Scope 2 greenhouse gas (GHG) emissions of 121 tCOâ‚‚e using the market-based method, and 1,716.08 tCOâ‚‚e using the location-based method.

What methodology does Speedy Hire use for Scope 2 reporting?

In 2024, Speedy Hire reported its Scope 2 emissions using the market-based method and using the location-based method.

Speedy Hire's Scope 2 Emissions Over Time

20202023202401.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Speedy Hire's Value Chain Emissions

In 2024, Speedy Hire reported 271,528.68 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of Speedy Hire includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Speedy Hire's Scope 3 Emissions Over Time

202020232024090 k180 k270 k360 ktCO2e+42%-22%
  • Total Scope 3
  • Year-over-Year Change

What are Speedy Hire's Scope 3 emissions?

In 2024, Speedy Hire reported total Scope 3 emissions of 271,528.68 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 33.26% of these emissions originated from upstream activities such as purchased goods and capital goods, while 66.74% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Speedy Hire reduced its Scope 3 emissions over time?

Since 2020, Speedy Hire's Scope 3 emissions have increased by 10.83%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2023), Speedy Hire's Scope 3 emissions decreased by 22.06%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Speedy Hire disclose?

In 2024, Speedy Hire reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Speedy Hire's Scope 3 emissions?

In 2024, the largest contributors to Speedy Hire's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 98,950.36 tCOâ‚‚e (36.44%)
  • Downstream Leased Assets (Cat. 13): 81,620.98 tCOâ‚‚e (30.06%)
  • Capital Goods (Cat. 2): 64,752.95 tCOâ‚‚e (23.85%)

Speedy Hire's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(36.4%)Downstream LeasedAssets (Cat. 13)(30.1%)Capital Goods(Cat. 2)(23.8%)

Insights into Speedy Hire's Total Carbon Footprint

In 2024, Speedy Hire reported a total carbon footprint of 285,542.6 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 20.98% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Speedy Hire's total carbon footprint was Scope 3 emissions, accounting for 95.09% of the company's total carbon footprint, followed by Scope 1 emissions at 4.31%.

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