Synetiq publishes first sustainability report

Salvage, dismantling and vehicle recycling company Synetiq has published its first sustainability report, which highlights its progress against the company’s carbon reduction strategy.

The business has reported a 5.6% reduction in its own greenhouse gas emissions between 2020-21 and 2021-22 and achieved Silver Carbon Literacy status in 2021. It is now well on its way to becoming Gold accredited, for which 50% of its workforce must have passed Synetiq’s own climate and sustainability training.

Sustainability manager Elisa Caton said: “I’m pleased to present Synetiq’s first sustainability report, which explains how our business enables us to create value for our clients and other stakeholders whilst contributing to a more sustainable society. We want to make a verifiable contribution to the sustainable development of our industry and community. To this end, we are proud to make our actions transparent and traceable through comprehensive reporting, and as such our first report also provides an overview of how we intend to meet our targets in the short, medium- and long-term.”

CEO Tom Rumboll said: “As a business, we understand that climate change is a serious threat, not just to the communities around us but to businesses worldwide too. We also recognise the opportunities that robust sustainability strategies can bring. Our sustainability report puts us one step further along our journey to lead the industry and demonstrate our commitment to do the right thing by our colleagues, customers and business.”

Future reports will account for integration with IAA in the UK as the businesses operate as a single entity, and the report includes its new baseline emissions data for both the legacy businesses.