Potential offtaker

Tyman plc

www.tymanplc.com

Estimated electricity consumption

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Countries of production presence

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Tyman plc is a leading global supplier of engineered components to the door and window industry. The company has a long history of innovation and has been at the forefront of the development of plastic building materials for over 50 years. Tyman's products are used in a wide range of applications, including residential and commercial construction, as well as in the automotive and aerospace industries.

As a company operating in the Plastic Building Materials sector, Tyman is acutely aware of the need to address the issue of decarbonisation. The company recognises that climate change is one of the most significant challenges facing the world today and is committed to doing its part to reduce its carbon footprint. To this end, Tyman has implemented a number of initiatives aimed at reducing its environmental impact.

One of the key initiatives that Tyman has undertaken is the implementation of a corporate energy strategy. This strategy is designed to reduce the company's energy consumption and increase its use of renewable energy sources. Tyman has set ambitious targets for reducing its energy consumption and increasing its use of renewable energy, and has made significant progress towards achieving these targets.

One of the ways that Tyman is increasing its use of renewable energy is through the use of corporate power purchase agreements (PPAs). PPAs are agreements between a company and a renewable energy provider that allow the company to purchase renewable energy at a fixed price over a set period of time. Tyman has entered into a number of PPAs with renewable energy providers, which has allowed the company to increase its use of renewable energy and reduce its carbon footprint.

In addition to its use of PPAs, Tyman has also invested in renewable energy projects. The company has installed solar panels at a number of its facilities, which has allowed it to generate its own renewable energy. Tyman has also invested in wind energy projects, which has further increased its use of renewable energy.

Tyman's commitment to decarbonisation is not only good for the environment, but it is also good for the company's bottom line. By reducing its energy consumption and increasing its use of renewable energy, Tyman is able to reduce its energy costs and improve its profitability. This is because renewable energy is typically cheaper than traditional energy sources, and companies that use renewable energy are often able to benefit from government incentives and tax breaks.

In addition to its focus on decarbonisation, Tyman is also committed to corporate social responsibility. The company recognises that it has a responsibility to its stakeholders, including its employees, customers, and the communities in which it operates. To this end, Tyman has implemented a number of initiatives aimed at promoting sustainability and social responsibility.

One of the ways that Tyman is promoting sustainability is through its product development process. The company is constantly looking for ways to make its products more sustainable, by reducing their environmental impact and improving their energy efficiency. Tyman's products are designed to be long-lasting and durable, which helps to reduce waste and promote sustainability.

Tyman is also committed to social responsibility, and has implemented a number of initiatives aimed at supporting the communities in which it operates. The company has a strong focus on employee welfare, and has implemented a number of programs aimed at promoting employee well-being and development. Tyman also supports a number of charitable organisations, and encourages its employees to get involved in community service projects.

In conclusion, Tyman plc is a leading global supplier of engineered components to the door and window industry. The company operates in the Plastic Building Materials sector and is committed to decarbonisation and corporate social responsibility. Tyman has implemented a number of initiatives aimed at reducing its environmental impact, including the implementation of a corporate energy strategy, the use of corporate PPAs, and investment in renewable energy projects. The company is also committed to promoting sustainability and social responsibility, and has implemented a number of initiatives aimed at supporting its employees and the communities in which it operates.

✓ Science Based Targets member
✓ Declared Net Zero commitment