Rentokil Initial plc
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Rentokil Initial plc is a British multinational company that operates in the pest control services sector. The company was founded in 1927 and has since expanded to become a global leader in pest control, hygiene, and workwear services. Rentokil Initial operates in over 80 countries and has more than 40,000 employees worldwide.
The company's core business is pest control services, which includes the control and management of rodents, insects, and other pests that can cause damage to property and pose health risks to humans. Rentokil Initial offers a range of pest control solutions, including insect control, rodent control, bird control, and wildlife management. The company also provides hygiene services, such as washroom and healthcare waste management, and workwear services, such as uniform rental and laundry.
Rentokil Initial is committed to sustainability and has set a target to achieve net-zero carbon emissions by 2040. The company has developed a decarbonisation strategy that includes reducing its carbon footprint, investing in renewable energy, and promoting energy efficiency. Rentokil Initial is also committed to reducing waste and increasing recycling, with a goal to achieve zero waste to landfill by 2025.
One of the ways in which Rentokil Initial is working towards its decarbonisation target is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy supplier, which guarantees the purchase of a specified amount of renewable energy at a fixed price. By entering into a corporate PPA, Rentokil Initial is able to secure a reliable source of renewable energy and reduce its reliance on fossil fuels.
In 2020, Rentokil Initial signed a corporate PPA with ScottishPower Renewables for the purchase of 50% of the electricity generated by the 165MW wind farm in South Lanarkshire, Scotland. The wind farm is expected to generate enough electricity to power more than 90,000 homes and will help Rentokil Initial to reduce its carbon emissions by around 12,000 tonnes per year.
Rentokil Initial is also investing in corporate energy efficiency measures, such as the installation of LED lighting and the use of energy-efficient equipment. The company has implemented a range of energy-saving initiatives across its global operations, including the installation of solar panels on its buildings in Australia and the use of energy-efficient heating and cooling systems in its offices in the UK.
In addition to its decarbonisation efforts, Rentokil Initial is committed to promoting biodiversity and protecting the environment. The company has developed a Biodiversity Action Plan, which includes measures to protect and enhance biodiversity across its operations. Rentokil Initial is also a member of the Roundtable on Sustainable Palm Oil (RSPO) and is committed to sourcing sustainable palm oil for its products.
Overall, Rentokil Initial is a leading pest control services provider that is committed to sustainability and decarbonisation. The company's use of corporate PPAs and investment in renewable energy and energy efficiency measures are helping to reduce its carbon footprint and promote a more sustainable future. Rentokil Initial's commitment to protecting biodiversity and sourcing sustainable palm oil further demonstrates its dedication to environmental responsibility.