RCS - Billington Holdings - Billington Structures Carbon Neutral Certification

Billington HoldingsAnnouncement

12/09/2023 07:00

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RNS Number : 0490M  Billington Holdings PLC  12 September 2023

REACH
 
12 September 2023

 

Billington Holdings Plc

 

("Billington" or the "Company" or the "Group")

 

Billington Structures Carbon Neutral Certification

 

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel
and construction safety solutions specialists, is pleased to announce that the
Company's largest subsidiary, Billington Structures Ltd, has been certified as
'carbon neutral' for its operations, by Carbon Neutral Britain, following
their audit of Billington Structures emissions and carbon dioxide offsetting
programme.  Billington is undertaking carbon reduction initiatives across the
Group with a view to all of the Group's businesses being certified as carbon
neutral in due course.

 

Billington Structures gaining carbon neutral certification follows a number of
initiatives undertaken by the business to reduce its environmental impact and
is part of Billington's commitment to achieving, as a minimum, the goal set by
SBTi (Science Based Targets Initiative), of a 50% carbon emissions reduction
by 2030 and net zero by 2050.  There is a significant global initiative to
ensure 'clean steel' and Billington are proud to be a member of SteelZero, a
global standards and certification initiative designed to deliver
environmentally responsible production of steel and speed up the transition to
a net zero steel industry.

 

Since May 2023 Billington Structures has used electricity procured from 100%
green energy with a REGO accredited 0% emissions factor.  Its vehicle fleet
is increasingly electric, reducing carbon emissions by approximately 15%
annually, and further planned reduction activities include the introduction of
Biofuel (HVO) across factories and site-based activities.  Additionally,
1,770 tonnes of CO₂e emissions have been offset via the Woodland Fund™
portfolio of verified carbon offsetting projects.  Billington also maintains
the 'Gold Standard' awarded by the British Constructional Steel Association
for meeting the requirements of the 'Steel Construction Sustainability
Charter'.

 

Mark Smith, Chief Executive Officer of Billington, commented:

 

"Billington believes that operating in a sustainable and responsible manner is
key to the growth and success of the Group.  As part of this, Billington is
therefore committed to achieving carbon neutrality across all of its
businesses as soon as possible, together with minimising the environmental
impact of its activities.  We are therefore delighted that our largest
business, Billington Structures, has now been certified as carbon neutral and
we intend that our other businesses will be certified as such as soon as
practical."

 

For further information please contact:

 

 Billington Holdings Plc                               Tel: 0122 634 0666

 Mark Smith, Chief Executive
 Trevor Taylor, Chief Financial Officer

 Cavendish Capital Markets Limited - Nomad and Broker  Tel: 020 7220 0500

 Ed Frisby / Charlie Beeson - Corporate Finance
 Andrew Burdis / Barney Hayward - ECM

 IFC Advisory Limited                                  Tel: 0203 934 6630
                                                       billington@investor-focus.co.uk
 Tim Metcalfe
 Graham Herring
 Zach Cohen

 

About Billington Holdings Plc

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel
and construction safety solutions specialists, is a UK based Group of
companies focused on structural steel and engineering activities throughout
the UK and European markets. Group companies pride themselves on the provision
of high technical and professional standards of service to niche markets with
emphasis on building strong, trusted and long-standing partnerships with all
of our clients. https://billington-holdings.plc.uk/
(https://billington-holdings.plc.uk/)

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