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Keeping business CSR on the agenda amidst Covid-19

SYNETIQ maintains corporate social responsibility (CSR) during the coronavirus pandemic

 

CSR - SYNETIQ Team Brit

COVID-19 has posed challenges for businesses unlike anything experienced in our lifetime. For many, keeping afloat is the key priority, as the economy suffers its biggest downturn in decades – so can corporate social responsibility really be maintained during this time?

Doncaster-based SYNETIQ Ltd has proven that the answer is yes. 

In February this year, SYNETIQ Ltd became a supporter of Team BRIT, which aims to be the first British all-disabled team to race in the Le Mans 24 hour. Through its Racing Academy, set up in 2019, it supports people with physical and psychological challenges in accessing motorsport.

As the largest UK-owned salvage and vehicle recycling company, SYNETIQ provides intelligent solutions for some of the country’s leading insurers, fleets and police forces. Over the last few months, the business has continued to supply Team BRIT with salvage vehicles from SYNETIQs own online vehicle auction, plus the recycled ‘green’ parts required to rebuild them.

To date, three cars have been delivered – this arrangement has allowed Team BRIT to keep their mechanics employed throughout the pandemic, at a time when all race events are being cancelled.

The first was a 2019 BMW M240i, acquired through SYNETIQs salvage vehicle auction. It will be converted into the team’s next academy car, providing opportunities for more disabled drivers to enter the world of motorsport.

Two more late-model BMWs have been selected by Team BRIT – a 320d and Z4. Repairs on these prestige vehicles will keep mechanics busy until the racing season begins again.

Tom Rumboll, Executive Chairman at SYNETIQ, explains: 

CSR - SYNETIQ Team Brit - Tom Rumboll
Tom Rumboll

“We committed to supporting Team BRIT before any of us knew what was ahead with COVID-19. It’s been fantastic that we’ve been able to continue to support them in this way, continuing to supply cars, even when they’re not on the racetrack.”

“What’s even more important is that we’ve helped them keep their team in work, by supplying repairable vehicles available through our auction.”

“At SYNETIQ we are committed to delivering a positive impact both in our industry, for charities and in the community. COVID-19 may require businesses to think outside the box where they can and try to continue with their CSR commitments.  Community projects and grassroots organisations will be suffering more than ever and need our support in whatever way we can.” 

Further information on SYNETIQ can be found at www.synetiq.co.uk

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.  The network’s online salvage auction www.salvagemarket.co.uk drives strong salvage resale values and faster sales.  e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts. 

The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.  Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.  

The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.  Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.  e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership. 

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