Speedy named as climate leader by Financial Times

By Lewis Tyler20 July 2023

Electric truck from Speedy Photo: Speedy Hire

UK-based rental company Speedy Hire has been named as a Financial Times Climate Leader for 2023.

The list identifies 500 European and UK companies that lead their respective industries in environmental performance and exhibit credentials aligned with achieving net zero emissions by 2050.

According to Speedy, its inclusion comes as a result of its efforts and accomplishments in promoting environmental sustainability.

Speedy Hire has earned an EcoVadis silver rating and Carbon Leader status, positioning itself among the top 2% of businesses in the UK in terms of readiness for decarbonisation. The company has also become the first in the sector to publicly commit to science-based targets, with a goal of achieving net zero emissions by 2040, a decade ahead of the government’s set deadline.

The company’s sustainability journey for the next decade is outlined in its forthcoming ‘Decade to Deliver’ roadmap, which presents targets for reducing Scope 1 & 2 emissions by 50% and Scope 3 emissions by 42% by 2030. Speedy Hire has demonstrated a strong focus on its network, fleet, and logistics to achieve these objectives.

In addition to its operational efforts, Speedy has an ECO product range, accounting for more than half of its revenues, which it says reflects the growing demand for low carbon site solutions among its customers.

More recently, the company started working with NiftyLift on the world’s first hydrogen-powered boom lift, a product that is said to significantly reduces carbon emissions both on-site and throughout the supply chain.

Amelia Woodley, ESG Director at Speedy Hire, said, “Our ‘Decade to Deliver’ strategy places sustainability and responsibility at the centre of everything we do. To be recognised as a European Climate Leader by the Financial Times is testament to the tangible evidence of our progress to date and reinforces our public commitment to continue to lead the industry towards decarbonisation.”

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