Suez acquisitions increase commercial customers to 32.5k

According to Suez’s sustainability report, the company achieved a 3% increase in turnover to £1,037 million. Investment in infrastructure and research and development also rose, growing by 13% to surpass £25 million.

The company generated over £2.7 billion in social value in 2023, which the report said reflected a 4.5% increase from the previous year. According to Suez, its contributions to community projects and charitable causes surpassed £5 million. The study also showed that Suez raised over £219,400 for Macmillan Cancer Support.

The company has achieved a 38% reduction in injury reporting and severity rates. Additionally, the frequency of injuries occurring dropped by 41%.

Training

Over 560 employees completed situational awareness training, enhancing hazard reporting capabilities. According to the study, Suez committed to investing £2 million annually in fire protection starting 2024 and introduced battery fire containment training.

The highlighted that Suez achieved a Gold Medal EcoVadis rating in its first assessment year. Scoring 72 out of 100, Suez ranked among the top 3% of companies evaluated in the materials recovery sector. Furthermore, the report said the company attained a top 1% ranking from EcoVadis for its exceptional environmental performance score.

According to Suez’s sustainability study, the proportion of women in management roles increased to 28%, with plans underway to boost female representation at all levels over the next three years.

Progress

John Scanlon, chief executive officer for Suez recycling and recovery UK, said: “In 2023, we continued our progress towards creating a more resource-efficient circular economy, delivering on our commitment to people and planet. This report sets out our ambition and highlights the milestones we’ve reached over the year.

“I’m immensely proud of our achievements in all three areas of our triple bottom line. Testament to our resilience, despite tough market conditions, we saw an increase in turnover and I am confident we can continue to grow sustainably and innovate to meet the evolving needs of our customers.”