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A sustainable plan
Coates and Seven Group Holdings are working together to build a sustainable approach to climate change.
Upping the ante on their recognition of the science behind climate change, Seven Group Holding (SGH) recently announced the evolution of the groups approach to sustainability in late February this year, with Coates pledging to achieve net zero emissions by 2040. The move is in line with their ongoing commitment to supporting the Paris Agreement’s goal of limiting global temperature rise to less than two degrees Celsius above preindustrial levels.
The announcement builds on SGH’s history of community contributions, emphasis on re-usage and recycling of capital equipment, and strong focus on workplace safety. The company will report on sustainability efforts under the globally accepted GRI framework on an annual basis. As part of this framework, the move will see them make climaterelated disclosures in line with Task Force on Climate-related Financial Disclosures recommendations. Coates will be launching their sustainability strategy at the end of September 2021 which will talk to their future commitments as well as the work they are currently doing. One recent example is the move to ensure all Coates’ diesel engine-powered plant and equipment can use blended Biodiesel up to B7. Biodiesel has proven its sustainability, reliability and efficiency in recent years while producing significantly less emissions than standard diesel fuel.
Coates’ inaugural sustainability plan recognises that sustainability is a key aspect of current and future business success. The plan is designed to meet key stakeholder expectations, enhance the brand, and support Coates’ vision to be the market leader in safe, smart and sustainable equipment solutions. Seven Group Holding overall approach and position to sustainability.
