Senior adds to green credentials with CDP recognition

Components and systems manufacturer Senior was upbeat on its recognition by CDP as a ‘Supplier Engagement Leader’ on Friday, in the nonprofit’s annual supplier engagement ratings.

The London-listed firm’s recognition was the highest level awarded by CDP, which is a charity that provides a global disclosure system for investors, companies, cities, states and regions to manage environmental impacts.

Senior said the rating measures how effectively companies were engaging suppliers on climate change, and assesses performance on supplier engagement using a company's response to selected questions on governance, targets, scope 3 emissions, and value chain engagement in the CDP climate change questionnaire.

The board said the rating put Senior's disclosure activity in the highest performing 8% of companies.

It also noted that the award followed the verification of Senior's carbon reduction targets by the Science Based Target Initiative (SBTi) in 2020, with Senior being the first company in its sector to achieve that verification.

“We are delighted to achieve this leadership rating from CDP, which is strong recognition of our close work with suppliers to ensure we meet climate and sustainability objectives,” said chief executive officer David Squires.

“This is further validation of Senior's longstanding commitment to reducing its environmental impact and is recognition of our position as an industry leader in the transition to the low carbon economy."

Squires said the company’s “commitment to sustainability” was “deeply embedded” in the business, both in terms of operations and products.

“Senior's products are deployed in some of the hardest to decarbonise sectors and we embrace the challenge of helping to increase the efficiency and reduce the environmental impact of customers' end products, supporting both their commercial and sustainability objectives.”

At 1023 GMT, shares in Senior were down 0.4% at 150.1p.