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SYNETIQ commits to setting Science Based Targets as part of ongoing sustainability drive
In a first for the vehicle salvage and recycling industry, the business has pledged to implement new, measurable goals to accelerate its efforts towards creating a sustainable motoring future in the UK.
SYNETIQ colleague depolluting a hybrid vehicle – part of the strict dismantling process
Work has already begun to establish clear, tangible targets, throughout every SYNETIQ operation. In a commitment planned for Spring 2022, the business will reveal further positive impact of its sustainability initiative, Our Road to Tomorrow.
Tom Rumboll
“We’ve learned a lot on our journey this year,” said Tom Rumboll, CEO at SYNETIQ. “From establishing the embodied Carbon in each vehicle part we reuse, to beginning to understand our road to net zero.
We are excited to take the next step on our road to tomorrow journey to reduce our emissions in line with the latest climate science and meet our clients’ expectations. We believe that businesses have a crucial role to play in both reducing their environmental impact and developing greener ways of working that will set us on the path to net-zero. We are proud to join the growing group of companies setting emissions reduction targets and, demonstrating that sustainability is critical to our business, our strategy and our success.”
SYNETIQ says the incredible response to its Carbon Literacy Training has been hugely encouraging, demonstrating a business-wide commitment to reducing environmental impact at work and at home. Through its adoption of the Science Based Targets initiative, SYNETIQ is now committing to set new, more stringent goals.
The business, which now handles over 60,000 salvage and end of life vehicles each year, recycles an average of 96.3% of each end of life vehicle it processes – surpassing EU legislative targets. SYNETIQ says its integrated model means it’s perfectly placed to maximise the environmental and financial potential of salvage or end of life vehicles – whether by safely harvesting reusable green parts or as part of the compliant vehicle recycling process.
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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.
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.
