TIDMPMP
Portmeirion Group PLC
16 May 2023
16 May 2023
PORTMEIRION GROUP PLC
(the "Group")
NEW SUSTAINABILITY STRATEGY AND ROADMAP
'Crafting a Better Future' strategy outlines Group's commitment
to becoming a more sustainable business
Portmeirion Group PLC, the owner, designer, manufacturer and
omni-channel retailer of leading homeware brands in global markets,
is pleased to launch its new sustainability strategy - 'Crafting a
Better Future'. The new strategy outlines the Group's commitment to
reduce its impact on climate change and develop as a positive force
for the environment, the people that work across its operations and
local communities.
Aligned to the Group's international commercial plans, the
Crafting a Better Future strategy will be underpinned by a delivery
roadmap, with a clear and transparent set of commitments and goals.
The Group is now working to embed these into its operations and
decision-making processes to ensure sustainability sits at the core
of the business.
Crafting a Better Future focuses on the following strategic
commitments:
1. COMMIT 2040 - Become a positive force for change, reducing
our emissions and environmental impact by addressing what we can
fix now, and supporting transformation within our industry:
-- Achieve Net Zero by 2040 across our Scope 1 and 2 emissions,
defining a pathway that focuses on maximising the proportion of our
energy use from renewable sources;
-- Work with our supply chain manufacturing partners to ensure
they support our Commit 2040 plan;
-- Develop the role of Global Energy Teams to drive energy
reduction within our operations through innovation and 'green
thinking' throughout our Group;
-- Achieve '0% to landfill' across entire UK business, building
on target already achieved in our Stoke-on-Trent ceramic
manufacturing site;
-- Eliminate single use plastics throughout our operations;
-- Understand our global nature footprint and develop a Group-wide biodiversity plan; and
-- Enhance our materiality assessment to understand more about our Scope 3 emissions.
2. NURTURING THE BEST - D evelop as an inclusive, ambitious and
inspirational global employer of choice, accessing the best talent
and enabling all our people to thrive:
-- Ensure equity, diversity, inclusion and opportunities for all
colleagues across our global business, and equip all our managers
with the development tools to promote this;
-- Further improve supply chain transparency and support our
suppliers in applying Portmeirion Group people principles across
our value chain including opportunities for training and Health,
Safety and Environment practices;
-- Expand our NHS UK Wellbeing Charter accreditation throughout
our UK businesses and increase our number of Mental Health First
Aiders across the Group;
-- Retain our UK Investors in People Platinum accreditation by
delivering excellent employee support programmes, and continuing to
place colleague wellbeing and development at our core; and
-- Understand the aspirations of our colleagues and work on talent fulfilment plans.
3. OUR COMMUNITY FAMILY - Build on our heritage by supporting
our local communities to nurture talent, collaborating with others
to create positive futures:
-- Develop new community partnerships to address skills development and social mobility;
-- Introduce a Global 'Giving Back' programme, providing
colleagues with paid leave to engage in local volunteering
activities;
-- Support local families with employability skills development,
including CV writing, interview techniques and provision of paid
work experience programmes; and
-- Support community fundraising within our local areas.
The strategy is underpinned by a clear governance structure,
including a new Sustainable Business Board Committee, chaired by
Mike Raybould, Chief Executive, which will drive accountability for
all sustainability commitments that have been set by the Group.
Delivery of the Crafting a Better Future sustainability plan is the
collective responsibility of the Board.
Mike Raybould, Chief Executive, commented:
"Our Group continues to develop into a truly international
business, with employees, offices, customers and suppliers all over
the world. We are proud that our portfolio of homewares brands is
sold in over 80 countries, and that our two, long-established UK
factories supply around 40% of our global sales.
This exciting global growth brings with it responsibility. As a
purpose-driven business, we are clear that we must continue to play
our part in tackling global pressures such as climate change and
support our extended community families. We must also continue to
meet the expectations of our investors, stakeholders and customers
as they work to deliver their own commitments.
We have already made good progress in reducing our carbon
emissions per tonne of saleable products. Our Stoke-on-Trent
factory recycles all clay and glaze, with zero to landfill status,
and our Lake District home fragrance factory sources more than 50%
of its energy from local wind turbines.
The launch of our Crafting a Better Future strategy represents
the next level of ambition for our Group - to ensure that we
continue to reduce our impact on the environment and support our
colleagues and communities, whilst still pursuing our ambition to
grow our business around the world."
Full details of the Group's Crafting a Better Future
sustainability strategy and roadmap are available at
https://www.portmeiriongroup.com/sustainability .
ENDS
ENQUIRIES:
Portmeirion Group PLC:
Mike Raybould, Chief Executive +44 (0) 1782 mraybould@portmeiriongroup.com
743 443
David Sproston, Group Finance +44 (0) 1782 dsproston@portmeiriongroup.com
Director 743 443
Hudson Sandler:
Dan de Belder +44 (0) 207 796 portmeirion@hudsonsandler.com
4133
Nick Moore
Emily Brooker
Shore Capital:
(Nominated Adviser and Joint +44 (0) 207 408
Broker): 4090
Patrick Castle Corporate Advisory
Lucy Bowden Corporate Broking
Malachy McEntyre
Singer Capital Markets
(Joint Broker): +44 (0) 207 496 3000
Peter Steel Investment Banking
Asha Chotai
NOTES TO EDITOR:
Portmeirion Group PLC is a leading, omni-channel British
ceramics manufacturer and retailer of leading homeware brands.
Based in Stoke-on-Trent, United Kingdom, the Group owns six
unrivalled heritage and contemporary brands, with 750+ years of
collective heritage; Portmeirion, Spode, Royal Worcester,
Pimpernel, Wax Lyrical and Nambé.
The Group serves markets across the world, with global demand
driven by diversified international markets including the key
geographies of the US, UK and South Korea.
Portmeirion Group has a proven capital-light, well developed and
self-funded growth strategy focused on building a wider customer
base and growing the sales footprint of its brands, through:
-- Building and growing international sales markets
-- Developing online sales channels in core markets
-- Designing and launching new product to widen appeal and take market share
-- Leveraging brands and extensive product ranges
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END
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