ESG Strategy

ESG Strategy

We are pleased with the strong progress that we have made this year. As the regulatory landscape continues to evolve in response to climate change, supply chain transparency and corporate due diligence, we remain committed to evolving our approach and ensuring we have a sustainable business that delivers for all stakeholders.

Electrification

Electrification

To be the leading name in electric mobility services, giving everybody the confidence to switch and continually enjoy the benefits of electric mobility

Link to UN SDG

Our Focus

  • Lead the market in Electric Servicing as the UK shifts towards more sustainable mobility options, specifically Electric Vehicles (“EVs”), E-Bikes and E-Scooters.
  • Providing industry-leading training to our colleagues and invest in equipment to better support customers as they make the switch to electric.
  • Broadening our range of E-mobility services and products, e.g. E-bikes/E-scooters, making the transition to electric travel easier.
  • Investing in education and community engagement programmes to help and support consumers to make climate-smart choices.
  • Raise Government awareness on the investment required to accelerate the transition to electric vehicles and other electric transport options.

Priorities for the Next 12 Months:

  • We are well-positioned to support UK customers with the switch to electric forms of transport and our progress here will be shaped by the pace of change in the UK vehicle market.
  • The UK Government’s decision in September 2023 to postpone the ban on new petrol and diesel cars and vans by five years could slow down the adoption of electric vehicles, and growth has slowed this year.
  • Halfords strategy for Electrification is to lead the market in EV Servicing, but the speed at which it rolls-out EV servicing capability across the business will be proportionate to the pace of change in the UK vehicle market.

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Net Zero Commitment

Achieve Net Zero value chain emissions by 2050 and interim reductions aligned to science-based principles.

Link to UN SDG

Our Focus

  • Reduce our carbon emissions and make progress with our science-based targets ("SBTs"), as approved by the Science Based Targets Initiative ("SBTi"). These targets are aligned to the more ambitious 1.5ºC scenario set out in the Paris Agreement (2015).
  • Reduce absolute Scope 1 and Scope 2 GHG emissions 42% by 2030 from a 2020 base year.
  • Increase annual sourcing of renewable electricity to 100% by 2030 from 0%
    in 2020.
  • Reduce absolute Scope 3 GHG emissions from ‘Purchased Goods and Services’, ‘Capital Goods’ and ‘Upstream Transportation and Distribution’, by 25% before 2030 versus a 2020 base year.
  • Our ultimate aim is to achieve Net Zero emissions across our value chain by 2050. We recognise we cannot do this alone, so will collaborate and partner with our suppliers, vendors and customers to work towards a Net Zero future.

Priorities for the Next 12 Months:

  • Building upon strong foundations laid in FY24, the key focus in FY25 is to create the strategy and roadmap for Halfords Net Zero plan.
  • Continue to seek ways to further reduce Scope 1 and Scope 2 emissions e.g. increased EV adoption rates for colleagues.
  • Utilise improved tools and datasets to engage positively with suppliers on reducing Scope 3 emissions, whilst supporting them on their own Net Zero roadmap.

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Diversity & Inclusion

Make Halfords a truly inclusive place to work and representative of the customers and communities we serve.

Link to UN SDG

Our Focus

  • Create an inclusive workplace where all colleagues can be themselves at work, feel valued for their contribution, and are supported to perform their best.
  • Evolve our ‘business as usual’ people processes to strive for equity in all that we do.
  • Review, action, and improve our gender, ethnicity, and wider diversity pay gap year on year.
  • Create accessible opportunities and training to attract more women to join Halfords, particularly in our garages.

Priorities for the Next 12 Months:

  • Focus on increasing diversity of our Garage leaders population.
  • Review recruitment approach and implement changes to remove bias.
  • Invest in D&I training for colleagues, with recruitment training for line managers.
  • Update D&I related policies e.g. Recruitment, Menopause and embed actions.
  • Launch EDI council.
  • Extend mentoring programmes, including introducing a Reverse Mentoring Programme for senior leaders.

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Product, Packaging and Waste Management

Minimise our environmental impact and increase our transparency whilst continuing to pursue sustainability opportunities within our product portfolio.

Related UN SDGs

Our Focus

  • To develop a packaging material strategy that improves environmental impact through increased recyclability, the use of responsibly certified card and a reduction in virgin plastic.
  • Reduce packaging tax through plastic reduction.
  • Continue to seek innovative ways to reduce, reuse and recycle core waste streams.

Priorities for the Next 12 Months:

  • Continue FSC card transformation programme and on-pack recyclability labelling.
  • Further reduce virgin plastic use in our own label packaging e.g. bike boxes.
  • Increase the number of products for which we offer recycling solutions e.g. inner tubes.

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