Our performance
Our carbon footprint
In FY2023 we published our baseline carbon footprint (FY2022) and set our first carbon target: to reduce Scope 1 and 2 carbon emissions by 10% by 2027.
Since then, we have continued to improve our data collection processes and calculation methodology, restating previous years’ data where necessary to ensure we can confidently compare our performance across years.
The re-evaluation of our FY2022 baseline year has produced a c.20% reduction on our previously reported baseline Scope 1 and 2 carbon emissions. Despite this, our carbon footprint assessment for FY2025 revealed we have exceeded our target of a 10% reduction in Scope 1 and 2 carbon emissions, achieving 23% reduction two years early.
This achievement went hand in hand with our commitment to procure 100% renewable electricity, where in FY2025 we attained 99%. Together with modest improvements in Scope 1 categories, our overall reduction since FY2022 stands at 23%.
| GHG source (tCO2e) | FY2022 | FY2025 | % difference |
|---|---|---|---|
| Vehicles | 10,102 | 9,667 | -4% |
| Natural gas | 5,342 | 5,160 | -3% |
| Electricity | 4,442 | 289 | -93% |
| Other fuels | 546 | 598 | 10% |
| Refrigerant | 128 | 119 | -7% |
| Total | 20,560 | 15,832 | -23% |
FY2025 Scope 1 & 2 carbon footprint (tCO2e)
Measuring the carbon footprint of our value chain
Developing a Scope 3 footprint is crucial for effectively managing emissions and reducing value chain GHG emissions. Working closely with environmental consultants we have taken a “whole lifecycle” approach to determining the carbon emissions of our value chain. Developing this footprint provides clarity on relative risks and opportunities for reduction within our Scope 3 emissions compared with our direct Scope 1 and Scope 2 emissions. We believe that this will help us to prioritise our reduction efforts, guide our corporate procurement decisions and improve our reputation through disclosure to interested stakeholder groups. These include customers and investors, who themselves are looking to improve their full value chain emissions reporting.
Full carbon footprint (tCO2e)
Our analysis of our FY2025 CO2e emissions identified that Scope 1 and Scope 2 emissions made up just under 1% of our total value chain emissions with the balance resting in Scope 3, both upstream and downstream.
Measuring the carbon footprint of our value chain
Developing a Scope 3 footprint is crucial for effectively managing emissions and reducing value chain GHG emissions. Working closely with environmental consultants we have taken a “whole lifecycle” approach to determining the carbon emissions of our value chain. Developing this footprint provides clarity on relative risks and opportunities for reduction within our Scope 3 emissions compared with our direct Scope 1 and Scope 2 emissions. We believe that this will help us to prioritise our reduction efforts, guide our corporate procurement decisions and improve our reputation through disclosure to interested stakeholder groups. These include customers and investors, who themselves are looking to improve their full value chain emissions reporting.
Our analysis of our FY2025 CO2e emissions identified that Scope 1 and Scope 2 emissions made up just under 1% of our total value chain emissions with the balance resting in Scope 3, both upstream and downstream. Our scope 3 emissions for FY2025 are shown below:
| Scope 3 emissions | tCO2e | % of Scope 3 |
|---|---|---|
| Cat 1: Purchased Goods and Services | 67,658 | 2.81% |
| Cat 2: Purchased Capital Goods | 425,604 | 17.70% |
| Cat 3: Fuel- and Energy-related Activities | 4,816 | 0.20% |
| Cat 4: Upstream Transportation | 16,567 | 0.69% |
| Cat 5: Waste Generated in Operations | 3,109 | 0.13% |
| Cat 6: Business Travel | 157 | 0.01% |
| Cat 7: Employee Commuting (+WFH Emissions) | 10,078 | 0.42% |
| Cat 11: Use of Sold Products | 1,090,166 | 45.34% |
| Cat 12: EOL Sold Products | 4,447 | 0.18% |
| Cat 13: Downstream Leased Assets | 769,886 | 32.02% |
| Total scope 3 emissions Total scope 1, 2 and 3 emissions | 2,404,334 2,420,166 |
The majority of our emissions (95%) arise from three categories within our value chain:
Key Scope 3 Categories
c.18%
Category 2 – Capital goods
The embodied emissions within the vehicles we purchase.
Calculation: Vehicle production emissions from GreenNCAP were calculated for a sample of vehicles, and extrapolated across our purchases.
FY2025: 15% increase compared to FY2024, primarily due to the types and number of vehicles purchased. EVs have higher production emissions due to their batteries compared to ICE vehicles, so we expect category 2 emissions to rise as we transition to EVs. However, the lower in-use emissions from EVs will offset this increase.
c.45%
Category 11 – Use of sold products
The expected emissions from the fleet vehicles for the remainder of their working life.
Calculation: Derived from our knowledge of the mileage of a sold vehicle compared to the expected lifetime mileage for a vehicle type.
FY2025: Emissions from these activities remained nearly unchanged in FY2025. As we upgrade to more efficient vehicles, we sell older, less efficient ones. Medium to long term, we anticipate a decrease in emissions as we transition to selling more EVs.
c.32%
Category 13 – Downstream leased assets
Emissions from our vehicle fleet when being driven by customers.
Calculation: Derived from the mileage travelled by our vehicles when out on rent or as a replacement car whilst a customer’s vehicle is off the road.
FY2025: Emissions have decreased for the fourth consecutive year, dropping from 837,484 tCO2e in FY2024 to 769,886 tCO2e, an 8% reduction. This trend highlights our efforts and those of our customers to enhance fleet management, adopt fuel efficient vehicles, and increase the use of EV and hybrid models.
Energy and carbon reporting
The complete requirements for reporting of greenhouse gas emissions, energy consumption and energy efficiency actions included in the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2018 (the Regulations), can be found on page 71-72 of our FY2025 Annual Report and Accounts.
Reporting and baseline year
We have aligned our reporting and fiscal years, so the information presented covers the FY2025 period from 1 May 2024 to 30 April 2025. Following the introduction of FMG RS emissions data in FY2021, FY2022 was considered a suitable year to establish as our baseline year.
Consolidation approach and organisational boundary
We have derived the emissions data presented using the operational control approach, which is required under the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018.
We have included each facility under operational control within the figures. The Group has used the principles of the GHG Protocol Corporate Accounting and Reporting Standard (revised edition), ISO 14064-1.
Methodology
We arrived at the information using 2024 DESNZ conversion factors, and had the data verified by an independent, UKAS-accredited, third party assessor to the level of reasonable assurance.
We monitor various performance metrics to reduce emissions from our operations and vehicles used by our customers. However, lack of data and inconsistent standards make reducing value chain emissions challenging. We plan to improve data collection and stakeholder engagement to drive our performance towards achieving our goals.
Metric FY2024 FY2023 Change CDP rating B B Fleet Vehicle on hire tailpipe emissions (tCO2e) 769,886 837,484 -8% % of low-emission vehicles on the fleet 6.0% 4.5% +1.5 ppt Rental fleet efficiency (gCO2/km) 257 263 -2% Infrastructure Number of domestic and commercial EV chargers installed 10,400 9,600 +8% Operations Percentage of our company cars that are EV/Hybrid. 95% 67% +28 ppt Number of sites with LED lighting installed 92% 90% +2 ppt The percentage of the energy we procure from renewable sources 99% 64% +35 ppt People Percentage of UK technicians trained to service and repair low-emission vehicles 92% – 1st year of reporting