RS : ESG Report

FOR A

BETTER WORLD

ESG REPORT 2022/23

INTRODUCTION		OUR ESG PILLARS
		ADVANCING SUSTAINABILITY	CHAMPIONING EDUCATION AND INNOVATION	EMPOWERING OUR PEOPLE	DOING BUSINESS RESPONSIBLY

We provide the product and service solutions that help our customers design, build, maintain, repair and operate industrial equipment and operations, safely and sustainably.

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Read more at rsgroup.com/esg

1 RS Group plc ESG Report 2022/23

APPENDIX

ADDITIONAL RESOURCES

Available on our website: rsgroup.com/esg/reporting-centre

Annual Report	2022/23	2022/23
2023		ESG basis of		Assurance
		reporting		statement
2022/23		2022/23		ESG Supplier
TCFD factsheet	ESG data centre		Handbook
2022/23
GRI/SASB
content index

INTRODUCTION

OUR ESG PILLARS					APPENDIX
ADVANCING SUSTAINABILITY	CHAMPIONING EDUCATION AND INNOVATION	EMPOWERING OUR PEOPLE	DOING BUSINESS RESPONSIBLY

CONTENTS

Introduction
About RS Group	3
Our purpose, vision and strategy	4
Introduction from the Chief Executive
Officer (CEO)	5
Our stakeholders	6
ESG materiality	9
ESG highlights	11
Spotlight on ESG solutions	12
Spotlight on climate action	14
Our 2030 ESG action plan goals
Advancing sustainability	16
Championing education
and innovation	32
Empowering our people	40
Doing business responsibly	51
Preparing for emerging ESG
regulations	60
Appendix
Performance scorecard	62
ESG achievements, ratings
and standards	64

05

Introduction from the CEO

An introduction to the ESG

Report from RS Group CEO,

Simon Pryce.

16

Advancing Sustainability

Developing sustainable operations and product and service solutions for our customers and our suppliers.

32

Championing education and innovation Partnering with education providers, building skills and fostering innovative solutions that improve lives.

40

Empowering our people

We are creating a safe, inclusive and dynamic culture where our people can thrive and grow.

51

Doing business responsibly

We are taking action to ensure the highest ethical and environmental standards throughout our business and global value chain.

62

Appendix

Performance scorecard, ESG achievements, ratings and standards

2 RS Group plc ESG Report 2022/23

INTRODUCTION

OUR ESG PILLARS

ADVANCING SUSTAINABILITY	CHAMPIONING EDUCATION AND INNOVATION	EMPOWERING OUR PEOPLE	DOING BUSINESS RESPONSIBLY

APPENDIX

About RS Group

OUR BUSINESS

A TRUSTED PARTNER

Revenue

ESG HIGHLIGHTS

AT A GLANCE

We are a provider of product and service solutions

for designers, builders and maintainers

of industrial equipment and operations.

£m 2,982m

Region split	59%
EMEA
Americas	32%
Asia Pacific	9%

Advancing sustainability

58%	92%
reduction in Scope 1	of Group electricity is
and 2 emissions	from renewable sources
since 2019/20	2021/22: 88%
2021/22: 50%

OUR COMMITMENT TO A

MORE SUSTAINABLE WORLD

For a Better World is our 2030 ESG action plan to reinforce our commitment to making amazing happen for a better world

Our global reach

31

countries with RS operations

1.1m

customers

>8,700

employees

>2,500

suppliers

Countries with RS operations

innovation	1.3m	28k
Championing
education and
	members, students	lives improved
	and start-ups	since 2019/20
	engaged through DesignSpark	through our support of The
		Washing Machine Project (TWMP)
		2021/22: 1,260

Empowering	78	30%
our people
	employee	of our senior leaders
	engagement score	are women
	2021/22: 75	and 11% are ethnically diverse
		2021/22: 32%

With four global goals and 15 supporting actions, we are supporting all our stakeholders as they become more sustainable.

Global goals:
Advancing	Empowering
Sustainability	our people
Championing	Doing business
education and	responsibly
innovation

Revenue split by products and service solutions	Revenue split by range of industries
0			0
	Automation and control	39%	Original equipment manufacturing
	Mechanical and fluid power	5%	Commercial and financial services
	Electronics	23%	Electronics manufacturing
	Maintenance	24%	Process manufacturing
	Safety and protection	4%	Public sector
	Single-board computing (SBC)	1%	Transport and defence
	Other	4%	Utilities and energy
				Other

100

22%

11%

12%

14%

3%

8%

4%

26%

Doing business responsibly

25%

of suppliers by spend have set science-based targets (SBTs)

with the Science Based Targets initiative (SBTi)

2021/22: 19%

50%

of suppliers by spend have an EcoVadis membership

to drive ESG performance

2021/22: 40%

3 RS Group plc ESG Report 2022/23

INTRODUCTION

OUR ESG PILLARS

APPENDIX

ADVANCING SUSTAINABILITY

CHAMPIONING EDUCATION AND INNOVATION

EMPOWERING OUR PEOPLE

DOING BUSINESS RESPONSIBLY

Our purpose, vision and strategy

DOING BUSINESS THE RS WAY

Our strategy has been set in order to achieve our vision and purpose of delighting all our stakeholders enough to become their go-to partner; their first choice. We have set out four key actions that we believe will ensure we build the right capabilities and infrastructure to grow and scale our business more efficiently towards achieving our strategic vision. Fundamental to the strength of our progress against these actions is having a purpose-led culture as we deliver sustainable value creation.

OUR PURPOSE

Making amazing happen for a better world

OUR STRATEGY IS BASED ON FOUR KEY ACTIONS TO DELIVER OUR VISION

Our purpose reflects our focus on delivering results for people, planet and profit. Our 2030 ESG action plan - For a Better World, delivers long-term value for all our stakeholders.

• Read more on pages 16 to 59

OUR VISION

Increase scale in global industrial and maintenance, repair and operations (MRO) markets

							G
						IN
					K
				A
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AZINGH	AP
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High- performance team

F

OR

A

BETT E R W O R L D

Improve digitalisation and customer experience

First choice for all our stakeholders

We strive to be the best place to work for our people, the go-to partner for customers and suppliers, contributing to the communities around us and delivering long-term, sustainable value for our shareholders.

• Read more on pages 6 to 10

OUR AMBITION

Journey to Greatness

We believe that we can deliver stronger revenue and value-creating growth. To do this, we need to improve our competitive strengths by benchmarking our business against the highest global standards.

Deliver operational excellence with great people

Reinvestment

Best customer

to accelerate

and supplier

growth

Our vision:

experience

First choice

Operational

Innovation

excellence

E

D

R

U

R

T

I

L

V

U

E

C

N

B

Y

D

E

O

-L

U

R

S

PE

PO

UR

OPL EA NDP

Expand product and service solutions

• Read more in the Annual Report and Accounts on page 20

4 RS Group plc ESG Report 2022/23

Advancing sustainability		Championing education and innovation		Empowering our people

Doing business responsibly