M Group Services is leading the way in terms of its approach to ESG as confirmed by the rating supplied by an independent, internationally recognised, risk ratings agency Sustainalytics.
A market-leading supplier of services to the UK and Ireland’s essential infrastructure, with a commitment to a sustainable future and the UKs Net Zero by 2050 target, M Group Services has received an ESG rating of 9.6, based on an in-depth independent analysis by ESG risk ratings agency, Sustainalytics.
This is the best performance in the business support services sector, compared to a sector average of 21.9. It means the Group has a ‘negligible risk’ of reputational and operational risks through its direct and indirect suppliers.
The rating also puts the group among the top one per cent of global companies for its commitment to the environment and sustainability, managing the impact on and support for local communities and its commitment to established policies and procedures.
Supporting a sustainable future and the UK’s target to achieve net-zero by 2050 is fundamental for M Group Services which is continuously developing new ways of working and supporting clients to meet their net-zero aspirations. The outstanding ESG rating achieved, highlights the effectiveness of the steps the Group has been taking to evolve operations.
Steps already taken include, among other innovations:
· introducing Hydrotreated Vegetable Oil (HVO) fuel in lieu of diesel
· signing the EV100 commitment to transition our core fleet to electric
· continued use and development of no-dig technology, and applying it across multiple sectors
· trialling ‘non-crete’ infrastructure, manufactured from plant-based bio polymers
Jim Arnold, M Group Services’ Chief Executive, said: “We are absolutely delighted to have been awarded an ESG rating which is the best in our sector and one of the best in the world. This recognises the on-going commitment of everyone in our group to continually review and improve our work to ensure it is as sustainable as possible.
We have grown rapidly over recent years, through organic growth and acquisition, and proactively chose to get ourselves benchmarked against the best in the world.
Our ambition to be one of the very best ESG performing businesses underpins our ability to be a leader in the UK’s infrastructure services sector and supports our clients’ plans to deliver their own net-zero targets.
We have ambitious ESG targets in place to drive continuous improvements across the business, including a reduction of carbon output by 50 per cent by 2030 and joining the Science Based Targets initiative and the UN Global Compact in 2022 and it’s great that are our efforts to date have been recognised.”