Potential offtaker

Topps Tiles Plc

www.toppstiles.co.uk

Estimated electricity consumption

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Countries of production presence

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Topps Tiles Plc is a leading British retailer of tiles and associated products for the home improvement market. The company was founded in 1963 and has since grown to become one of the largest tile retailers in the UK, with over 340 stores nationwide. Topps Tiles Plc operates in the Building Products sector, providing a wide range of tiles, adhesives, grouts, tools, and accessories for both domestic and commercial customers.

In recent years, Topps Tiles Plc has made significant efforts to reduce its carbon footprint and become more environmentally sustainable. The company has set ambitious targets to reduce its greenhouse gas emissions and increase its use of renewable energy sources. Topps Tiles Plc recognizes the importance of decarbonisation and is committed to playing its part in the fight against climate change.

One of the ways in which Topps Tiles Plc is working towards decarbonisation is through its corporate energy strategy. The company has implemented a range of measures to reduce its energy consumption and improve its energy efficiency. These include upgrading lighting systems, installing energy-efficient heating and cooling systems, and optimizing the use of its energy-intensive equipment. By reducing its energy consumption, Topps Tiles Plc is not only reducing its carbon footprint but also saving money on energy bills.

Another key aspect of Topps Tiles Plc's corporate energy strategy is the use of corporate Power Purchase Agreements (PPAs). A PPA is a long-term contract between a company and a renewable energy provider, whereby the company agrees to purchase a certain amount of renewable energy at a fixed price over a set period. By entering into a PPA, Topps Tiles Plc is able to secure a reliable and cost-effective source of renewable energy, which helps to reduce its carbon footprint and support the growth of the renewable energy sector.

In 2020, Topps Tiles Plc signed a corporate PPA with a wind farm in Scotland, which will provide the company with 10% of its electricity needs. The wind farm will generate clean, renewable energy that will be fed into the national grid, and Topps Tiles Plc will receive Renewable Energy Certificates (RECs) to verify the renewable nature of the energy it has purchased. This is a significant step forward for Topps Tiles Plc in its efforts to decarbonize its operations and reduce its reliance on fossil fuels.

In addition to its corporate energy strategy, Topps Tiles Plc is also investing in renewable energy technologies at its stores and warehouses. The company has installed solar panels at several of its stores, which generate clean, renewable energy to power the stores' lighting and heating systems. Topps Tiles Plc is also exploring the use of other renewable energy technologies, such as wind turbines and geothermal heating, to further reduce its carbon footprint and increase its use of renewable energy.

Overall, Topps Tiles Plc is a company that is committed to decarbonisation and sustainability. The company recognizes the importance of reducing its carbon footprint and is taking proactive steps to achieve this goal. Through its corporate energy strategy, use of corporate PPAs, and investment in renewable energy technologies, Topps Tiles Plc is setting an example for other companies in the Building Products sector to follow. By working together to reduce our carbon footprint and transition to a more sustainable future, we can help to protect our planet for future generations.

✓ Declared Net Zero commitment