Recycling and waste management services provider Reconomy says it is on track to use 100% of its electricity through renewable sources by 2028.
The disclosure was made in its annual sustainability report, in which the company announced its progress in hitting its green targets.
These include Reconomy reducing its full-scope carbon intensity by 49.7% in 2023, compared to 13% in 2022.
It also said it now diverts 98.5% of all waste managed through its operations away from landfill, compared to 97.5% in 2022.
Reconomy, which has received Science Based Targets initiative (SBTi) approval for its climate goals, also said that 95.4% of its electricity now comes from renewable sources, compared to 67% in 2022.
Subscribe to Sustainability Beat for free
Sign up here to get the latest sustainability news sent straight to your inbox everyday
Furthermore, Reconomy said it is well on track to meet its target of using 100% of its electricity through renewable sources by 2028.
Guy Wakeley, group CEO, Reconomy, said: “We are delighted to report excellent sustainability and commercial progress in 2023. This reflects the success of our tech-enabled, people-powered approach which focuses on empowering our customers to harness the full and intrinsic value of their resources.”
Reconomy recently said there still remains “a way to go” after figures released by the Department for Energy, Security and Net Zero confirm the UK to be the first major economy to cut greenhouse gas emissions by 50% between 1990 and 2022, while growing its economy by 79%.
