Loxam named leader in sustainability
By Leila Steed06 April 2021
Loxam has been awarded a first place rating for its sustainability performance following an audit by international standards agency Vigeo Eiris.
The assessment carried out by Vigeo Eiris, a subsidiary of ratings agency Moody’s, looked at Loxam’s corporate sustainability responsibility (CSR) policy in its entirety.
A team of experts audited the strategies and resources used by the company for specific tasks and assessed the results.
The assessment encompassed the company’s social, societal and environmental policies, as well as its business ethics and government.
It used the ESG (environmental, social and governance) research methodology, which is based on the standards established by organisations including the United Nations.
Vigeo Eiris found that Loxam performed well on environmental sustainability, having invested in low emission equipment.
The company also recently partnered with EODev, to focus on hydrogen-powered generators.
In addition, it had signed a deal with energy provider EDF for the supply of biomethane to all its gas-heated branches, to help reduce its emissions output by around 80%.
The assessment also recognised the rental company’s safety practices.
Peter Douglas, CEO of the International Powered Access Federation (IPAF), said; “Safety is driven into all employees from the top down. As a very active IPAF member, Loxam are responsible for training more MEWP operators each year than any other company in the world, thus making the powered access industry a safer place.”
Loxam also scored well on social and societal issues, due to its offering of apprenticeship schemes and partnership with charity Les Canaux, which works to improve sustainable procurement.
Loxam confirmed it continues to drive a number of CSR initiatives, including its annual Innovation and Safety Meetings (Rencontres de l’Innovation et de la Sécurité), which bring together clients, suppliers, partners and stakeholders from the construction sector and industries to foster sharing and innovation.