Building a world where nothing goes to waste.
From vision to reality, Viridor has strong foundations on which to build. These strong foundations must be underpinned by an ambitious plan, with a clear roadmap and detailed targets at every step.
Viridor manages a substantial proportion of UK’s waste. Through a fleet of 10 energy from waste (EfW) facilities and three plastics recycling and reprocessing plants, we process over 3 million tonnes of waste and recycling a year.
As a standalone business, we have had the opportunity to reassess our focus on ESG (Environmental, Social and Governance), to ensure that Viridor is well placed to excel as a business and deliver on the most pressing concerns facing society, our customers and our investors. KKR’s acquisition (summer 2020), which was partially realised through the KKR Global Impact Fund, cements Viridor’s commitment to sustainable infrastructure growth.
Our Journey
2018
Viridor becomes a founding member of the UK Plastics Pact.
Bringing together business from across the entire plastics value chain with UK government and NGO’s pledging to create a circular economy for plastics.
2020
Viridor is acquired by KKR an American global investment company.
Partially through the KKR Global Impact Fund, cementing Viridor’s commitment to sustainable infrastructure growth.
2021
We announced our sector leading five-step action plan to decarbonisation.
To achieve net zero emissions by 2040, and the ambition to be the first net negative emissions waste and recycling company in the UK by 2045.
We launched our ambition for a circular economy for plastics in the UK.
“Closing the Loop: Viridor’s roadmap to a truly circular plastics economy" was endorsed by Minister for Waste and Resources highlighting the vital role that the sector has in delivering net zero.
2022
Avonmouth Resource Recovery Centre (RRC) is formally opened, cutting UK plastic waste exports by 8%.
The facility is a UK first, co-locating plastics reprocessing and an energy recovery facility (ERF) in one building. Plastic recycling at the facility will save 126,000 tonnes of CO2 emissions/year.
We launched our ESG strategy.
Since becoming a standalone company in 2020, we needed a purpose that would encompass what we were driving to achieve. That purpose is building a world where nothing goes to waste.
Our Journey
Any ESG strategy is fundamentally a risks and opportunity management plan. It is about understanding the most significant risks and opportunities in the ESG space and what needs to be done to mitigate or seize them. To determine where we should focus on delivering sector leading Environmental, Social and Governance, the most important question was what were our areas of material risk?
Material risks are those that have high impact and high probability. Our approach to setting an ESG strategy was a materiality assessment. Asking ourselves the question ‘what is it about our operations that have greatest risk in relation to the global megatrends?’
That assessment quickly revealed three key areas of risk and opportunity – health and safety, climate change and the circular economy.
LATEST ESG REPORT
A public statement of our progress and challenges to deliver a truly sustainable business.
In October 2022, we published Viridor’s first full Environmental, Social and Governance (ESG) report since becoming a standalone company in 2020.
Watch the highlights in the video below or download the full report.
