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Success stories
Score Group Adapting to deliver tens of millions in sustainability-driven savings for clients
Scott B Will, Business Unit Director Europe and Africa
How is Score thriving? World class valve management services provider Score Group has turned a corner after focusing on its emissions reduction capabilities. Having identified that valves account for 60-75% of operational leaks, the company has launched a new Emissions Elimination Program (EEP) underpinned by a unique four-step process. Score’s program delivers major reductions in customers’ total carbon footprint, as well as multi-million-pound savings annually for a wide range of clients throughout the world. The challenge Like many companies operating in the energy industry, Score found itself navigating significant turbulence spanning several years, driven by a combination of price uncertainty, energy transition and covid-imposed challenges that had resulted in postponed projects. As the global drive to reduce Green House Gas (GHG) emissions accelerated year on year, oil and gas exploration activities waned. Equally challenging to growth postpandemic, the company has suffered at the hands of industry skills shortages. At the same time, Score was undergoing its own transition. Having been a family-owned enterprise for almost 40-years, the firm was acquired by private equity firm SCF Partners. Score was left facing a tricky predicament, with revenues down during the pandemic period, and several staff exiting.
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EIC Survive and Thrive
The company knew it needed to adapt, taking a hard look at how to grow in line with rapidly evolving market demands to improve its presence, margins, and current skillsets. The ultimate goal? To tap into new markets and help clients to reduce their total emissions, all while growing Score and ensuring the business remained an attractive and prosperous place for current and future employees to work in. The solution In 2021 the firm changed its tack as it shifted focus to supporting emissions reductions through a newly developed service offering. This service is called the Emissions Elimination Program (EEP), which offers a new and unique four-stage, end-to-end solution for emissions management. Firstly, they survey with the best available technologies and tools (including some of their own in-house developed equipment) to measure and benchmark emissions at source. Secondly, they then analyse the survey results, to allow them to prioritize and deploy their repair methods and technologies, targeting maximum emissions reduction. Thirdly, Score’s elimination process commences delivering their repair services, methods and technologies that measurably mitigate total emissions. Finally, their “closed loop” approach leads into a continuous improvement phase, where they seek to engineer out recurring failures. All work is managed through their unique software solution provided by their digital partner, enabling the client to monitor the environmental performance of their entire asset and track any / all emissions through to repair. Critically, in recognising that 60% to 75% of emissions come from valves, as a valve specialist company, Score saw that it could make a massive difference to its clients’ performance.
2023