Sustainability framework

For Reliance Rail, sustainability is about continually improving our ESG performance and strengthening our resilience to climate-related risks.

Reliance Rail has developed a sustainability framework which builds on our existing risk management approaches to focus on the specific sustainability issues that matter most not only to our business and operations but also to our contractors and stakeholders. Consistent with the Global Reporting Initiative (GRI) we have undertaken a materiality assessment on our Environmental Social Governance (ESG) impacts in our operations, and have identified the following ‘material’ impacts:

• Health and safety

• Energy

• Water

• Waste

• Climate change resilience

The materiality assessment is routinely refreshed to maintain a modern understanding of evolving issues and expectations both internally and externally, which will help us refine our strategic priorities and ensure our sustainability efforts remain relevant over the near and long term.

We have developed our sustainability goals and objectives based on where we believe our efforts will yield the greatest results. We have taken a long-term view of sustainability and are committed to continuous improvement by setting, achieving and re-setting ambitious incremental targets.