Environmental, social and governance (ESG)
Our mission is to help businesses of all sizes adapt to the future and take advantage of the opportunities that change brings. We know that ESG principles play an important part in this journey, for both Radius and our customers and have embedded them into our corporate strategy.
Sustainability and impact on the environment
As an organisation whose purpose is to help businesses adapt to the future, we recognise the importance of managing our own long-term platform for growth and sustainability and our impact on the environment. At the heart of this is our approach to the energy transition. Although our Fuel Solutions business expects to see continued growth in sales of diesel fuel for a number of years ahead we recognise that in the longer term we need to continue diversifying into becoming a supplier of a wider range of services and solutions. We have made good progress with this over the past five years – around 30% of our gross profit now comes from non-fossil fuel-based and our plan is to continue growing this share and the range of services on offer.
In 2021 we created Radius Vehicle Solutions which is key to our ability to support customers as they manage their own transition from diesel to electric vehicles. We are now able to offer an all-round “e-mobility service” which includes:
- Using telematics data to identify when is the right time to transition specific vehicles
- Offering customers a competitively priced range of electric vehicles for rental
- Installation of home and commercial chargepoints
- Providing our REV card for on-road charging
For vehicles which are not ready to transition, we offer customers the opportunity to offset their carbon footprint via our partnership with a leading developer of woodland creation and carbon capture projects.
Within our own business, we are in the early stages of implementing ISO14001 which will involve the adoption of more proactive environmental policies and their application across all our offices.
Engagement with local communities
We have always supported a culture of corporate social responsibility which has included active engagement in social and voluntary projects in the local communities we live and work in.
Radius is a major employer in Crewe and have been a long-term partner of local charity The Wishing Well Project which works to improve the health and wellbeing of the community. This partnership has taken many forms including fundraising events and employee volunteering projects.
Radius employees also regularly take part in sponsored activities to raise vital funds for charities. In February 2022, 25 Radius teams took part in the Prince’s Trust Future Steps initiative, completing over 40 million steps in the month and raising £15,000 to support young people at risk of being left behind.
As a privately owned business, we are not required to report on how we have applied the UK Corporate Governance Code. However, our general approach is to benchmark our governance procedures against those used by similar sized listed businesses. This starts by setting the right tone at the top and we are led by an effective and entrepreneurial board which recognises that its role is to promote the long-term sustainable success of the Group, generating value for shareholders and contributing to wider society.
For more information about the Radius group, you can read our latest Annual Report here
"Cheshire Connect aims to improve lives for people in Cheshire by helping businesses and charities to work together; it’s all about effective collaboration to build stronger communities for the long term. Bill Holmes really understands the value of our work and we are very grateful to him for his outstanding support. This is a great example of a business which is genuinely creating purpose beyond profit."