2024 Sustainability Report Summary
In our 2024 Sustainability report we share our progress and work done so far to achieve our ESG goals. Our results are on this page here, or you can take a look at the full report below:
“Our sustainability journey is far from over, and we must push further together... ESG remains the foundation upon which Colt will innovate, grow and deliver an extraordinary customer experience. Together, we can change the world.”
Keri Gilder, CEO
Our targets
Our commitment to the environment
At Colt Group, ESG by design runs through everything we do, making sustainability a core element of our business model and decision-making processes. It shapes how we develop and provide our products and services and handle our impact on the environment. This commitment is not limited to our own operations – we work across our value chain to create a more sustainable future, supporting our suppliers and customers to improve their ESG performance.
Colt Group approved SBTs*
Near-term target:
Long-term net-zero target:
Scope 1 and 2
47%
absolute reduction by 2030 from a 2019 baseline (1.5C)
Scope 3
28%
absolute reduction by 2030 from a 2019 baseline (well below 2C)
Scope 1, 2 and 3
90%
absolute reduction in Scope 1, 2 & 3 emissions by 2045 from 2019 baseline
*Colt Group has formally engaged with the SBTi to integrate the activities of Lumen EMEA into its SBTs
Our total market-based GHG emissions have decreased by 35% from our 2019 baseline year
Scope 1: Direct GHG emissions from our company's operations under our operational control, including on-site combustion activities e.g. natural gas consumption, refrigerants, fuel and transport.
Scope 2: Indirect emissions from the generation of purchased electricity, including heat and steam, for our own use, these emissions are calculated following the market-based and location-based approach.
Scope 3: Other indirect value chain emissions arising from our activities, including emissions from the production of purchased materials and services and capital goods. Upstream and downstream leased assets; fuel and energy related activities; waste generated in operations; business travel and employee commuting; upstream transportation and distribution.
Colt Group Scope 3 GHG emissions (tCO2e)*
Colt Group's Scope 3 emissions have decreased 31% against our baseline year
We've reduced our total carbon footprint by 35% since 2019 - equating to the emissions it would take to drive a car around the world 20,000 times*.
*Emissions equivalent determined using EPA's emissions calculator. Based on miles driven by an average gasoline-powered passenger vehicle and Earth's circumference estimate of 24,901 miles equating to one lap.
We've recycled more than 590 tonnes of IT hardware - that's heavier than a full Airbus A380, the world's largest passenger aircraft.
*Airbus A380's maximum takeoff weight is 575 tonnes.
By powering down Time Division Multiplexing (TDM) switches and SDH devices across Europe, we're saving 13.2 GWh of grid electricity annually.
We helped sequester and avoid 8.15 tonnes of CO2e by investing in local seaweed cultivation through Carbon Kapture.
56.8%
of our supply chain emissions are with suppliers that have already set a Science Based Target or signed a Sustainability Schedule.
+34%
battery electric vehicles (BEVs) against 2023 benchmark.
+45%
plug-in hybrid vehicles (PHEVs) against 2023 benchmark.
Our commitment to our people
Supporting our workforce
To further promote gender equality within Colt Group, we became a signatory of the United Nations Global Compact's Women Empowerment Principles in April 2024. We also joined the UN Global Compact's Target Gender Accelerator Programme and benchmarked our gender action plan using the Women Empowerment Principles Gap Analysis Tool.
Colt has established gender diversity targets. By 2030, we aim for women to hold 38% of all positions and 28% of senior roles.
Throughout 2024, we elevated our efforts to better support our neurodivergent colleagues through our Neuroinclusion Programme, a comprehensive initiative aimed at enhancing neurodiversity awareness, training and providing support tools.
6,468
employees in 26 countries*
97.6%
of our employees are permanent*
32.1%
of Colt Group employees are female*
Our commitment to our community
Driving social impact
Our Global Social Impact Strategy focuses on digital inclusion through the development of digital skills and STEM education for disadvantaged children and youth, as well as other underrepresented groups.
€564,940
donated to 67 charities in 2024
(113.8% increase from 2023)
1,033.5
days volunteered in 2024
(19.2% increase from 2023)
