Happier Future - nichols

Our Happier Future
Strategy 2022

Our Happier Future
Progress Report 2023

From the heritage of our brands to the values our employees demonstrate every day, social purpose has been at the heart of the how Nichols works across the world for more than a century. In fact, we have made it our business to help people young and old, from Manchester to the Middle East, to enjoy the healthy habit of regular hydration.

We are incredibly proud of the brands we have built and the thousands of consumers we serve every day. Our aim is to keep doing the right things, in the right way – for our customers, our shareholders, our people, our partners and ultimately the planet. This sense of responsibility to those around us is behind our purpose to make life taste better for everyone.

However, with the world facing up to unprecedented challenges, we know continuing to do the right things, in the right way requires a robust plan with all our stakeholders and the engagement and commitment of all of our people, to help deliver our vision for a Happier Future.

Over a hundred years of experience has taught us that it is through continuous evolution that we ensure the sustainability of our Company and with this in mind, we have organised our strategy for a Happier Future into three pillars. These are interconnected but provide us with tangible goals around which we can align our resources, employees and stakeholders.

Our 2025 commitments

Summary progress report 2023

We pledge to improve the future for over 100 young people in our local communities, raising aspirations through skills development and career development opportunities.

We will innovate to allow our consumers to make healthier choices.

All of our UK packaged products will contain 51% recycled PET by 2024, we are reviewing our 2025 commitment to strive to reach 100% by 2025.

We will reduce our impact on climate change by reducing absolute Scope 1 & Scope 2 Green House Gas emissions* by 25% by 2025 and define our net zero roadmap
*2018 baseline

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Find out more about how we approach doing the right things, in the right way to create a happier future.

EVERYONE MATTERS

Looking after our Nichols family and giving back to our local communities

PRODUCTS WE’RE PROUD OF

Developing products that allow consumers to make healthier choices, strengthening our approach to responsible sourcing, and continuing to find sustainable packaging solutions

OWNING OUR CLIMATE IMPACT

Ensuring we are conducting our business in the most sustainable way to protect the world around us

CORPORATE GOVERNANCE

Creating trust and transparency through our corporate governance and company policies

Highlights

UKP 100% recyclable

Packaging in our UK packaged drinks range is 100% recyclable

Reduced sugar

100% of our UK Packaged portfolio are low or no added sugar recipes

Local youth communities

Partnerships with Manchester Thunder ParaNetball, Warrington Youth Zone, Waves for Change, Salford City FC and launch Camp Vimto programme

HFSS compliant

Our UK Packaged portfolio is now 100% HFSS compliant

52% of total UKP portfolio volume is now no added sugar

100% Renewable energy

All Nichols UK sites now operating on 100% renewable energy

Roadmap to Net Zero

Developed our roadmap to Net Zero across all three scopes

Exceeded scope 1 and 2 2025 target

Reducing our direct carbon emissions by almost 30% from our 2018 baseline

Stories

Find out about some of the ways we’re helping to create a Happier Future

Designing our Net Zero Roadmap

In 2022, we measured our UK carbon emissions across all three scopes

Increasing transparency across our supply chain

In 2023, we began an extensive programme of engagement with our partners. Gathering due diligence information used to provide Environmental, Social and Governance (ESG) assurance as part of our governance standards.

Inclusion Hub

Amplifying and enhancing our commitment to Inclusion & Diversity across Nichols.

Camp Vimto Programme Launch

Last year we pledged to improve the futures of over 100 young people in our local community by 2025.

Mapping our Scope 3 Impact

Given our partnership model, the majority of our carbon emissions are produced by our suppliers and manufacturers who make our products. These are called our Scope 3, or indirect, carbon emissions.

Vimto: Shaking up the squash category with vitamin fortification

In April 2021, we were proud to relaunch the core Vimto squash range with added nutrients, bringing additional health benefits to our consumers.

Warrington Youth Club

Supporting the vital community hub in shaping the lives of thousands of young people.

Manchester Thunder ParaNetball Club

In 2022, we were delighted to announce our partnership with the current Vitality Netball Superleague champions, Manchester Thunder. The partnership will see the creation of the first VNSL franchise led ParaNetball club.

Waves for Change

Aiding the pioneering programme in changing the lives of under-resourced children through Surf Therapy.