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The Road to Tomorrow: SYNETIQ shares CO2 impact of integrated vehicle recycling

SYNETIQ, Britain’s largest integrated salvage and recycling company, has re-stated its commitment to a more sustainable future.

 

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With growing green parts usage and an increased focus on corporate and social responsibility, SYNETIQ is leading the way in creating a sustainable future for motoring, a journey that SYNETIQ has termed ‘The Road to Tomorrow.’

As a foundation for this initiative, SYNETIQ has commissioned a study into the true CO2 footprint of its own activities, as well as the CO2 savings that can be achieved through the use of its green parts in automotive repairs.

The study, carried out by independent circular economy consultancy Oakdene Hollins, has revealed the true environmental benefits of using components supplied through mygreenparts – SYNETIQ’s own parts procurement platform.

By taking into account the parts supplied annually by SYNETIQ to the Insurance and fleet repairer network, the carbon savings are staggering. In the last two years alone, SYNETIQ has saved 5,500,000 kgs of CO2 emissions*.

This saving is the equivalent to:

  • A year’s electricity for 1000 homes
  • 3,094,410 litres of burned petrol – over two years of an average family car use in the UK.
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Tom Rumboll

Tom Rumboll, CEO of SYNETIQ, said: 

“Commissioning SYNETIQ’s Carbon Saving Calculator project has been of utmost importance in forming our ongoing sustainability strategy. By understanding the precise carbon embodiment of each part, as well as each of our own internal processes, we know the advantages to green parts use are simply undeniable.”

With the largest and most diverse stock of most parts for most vehicles in the UK, held in-stock and immediately available, fleet users can not only save the environment and money but also time. SYNETIQ’s stock management systems and rapid delivery mean that vehicle downtime is minimised, getting businesses back on the road faster, for less. 

In addition, SYNETIQ is the largest seller of used car and motorcycle parts via eBay in the UK, and its approach for accurately cataloguing and describing each part means buyers can quickly find what they need. With 150,000+ components online now, and up to 10,000 new items added every month, it’s become a valuable resource for private owners. In the next phase of this project, SYNETIQ will explore the CO2 savings it has achieved by supplying B2C customers.

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*Figures are taken from SYNETIQ’s internal data and calculated using the official US EPA Carbon Equivalency Calculator, adjusted for UK figures. Average mileage figures are taken from the UK Government MOT statistics and adjusted for three month’s of lockdown in 2020.

Visit 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.