CLIMATE ANALYSIS REPORT CONTINUED
4 Metrics and targets Since publishing our revised greenhouse gas emissions target to reduce emissions by 90% on 2021 levels by 2030, we have reduced our Scope 1 and 2 carbon emissions by 68% against the 2021 baseline.
In November 2022, we announced our commitment to achieve net-zero emissions and set science-based targets for the medium and long term. In May 2025, our targets were approved by the SBTi. We aim to achieve net-zero emissions for Scope 1 and 2 by 2030 and for Scope 3 by 2040, and have published a transition plan for net-zero Scope 1 and 2 emissions by 2030. Key elements of the plan and all material information are contained in this report. Supplementary information can be found in the Road to Net-Zero Emissions Report on our website: www.discoverIEplc.com The following sections outline the progress we have made in the past year.
TCFD recommended disclosures ■ Disclose the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process ■ Disclose Scope 1, Scope 2, and if appropriate, Scope 3 GHG emissions, and the related risks ■ Describe the targets used by the organisation to manage climate-related risks and opportunities and performance against targets
How we manage climate-related risks We use the scenario analysis to inform our decision-
The GST conducts annual reviews with operating business management at the end of each financial year regarding progress against their ESG objectives. This is then reported to and discussed with the GMC and Sustainability Committee. The operating businesses report on ESG progress, including carbon reduction actions, in regular business reviews chaired by the business unit directors. The GST also provides progress updates to the Sustainability Committee at each Committee meeting. Climate-related risks and mitigation progress are monitored by the Risk and Internal Audit team on an ongoing basis, who update the Audit and Risk Committee at each meeting. The GST is responsible for identifying existing and new regulation applicable to the Group. It is supported by the Group’s auditors and external consultants in this regard, and reports all changes to the GMC and Sustainability Committee.
Further information ▶ Strategic and operational review on pages 24 to 33
making in the following areas: ■ Strategic and financial planning ■ Capital investment ■ Acquisition suitability assessment ■ Goodwill impairment assessment ■ Insurance
▶ Our business model on pages 16 to 17 ▶ Our Strategy on pages 10 to 13
▶ Key strategic
indicators on page 11
■ Lease renewals and procurement of new leases Climate-related risks are managed as part of the Group risk management process, alongside other strategic and operational risks and, as with all matters in the Group Risk Register, these risks are reviewed annually. Action plans to mitigate such risks are managed and reported at Group level, whereas the responsibility for implementing the plans is delegated to the management of the operating businesses.
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discoverIE Group plc Innovative Electronics
Annual Report and Accounts for the year ended 31 March 2026
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