FirstGroup Unveils Ambitious Climate Transition Plan

Firstgroup ( (GB:FGP) ) has shared an update.

FirstGroup plc has published its first Climate Transition Plan, outlining its strategy to reduce emissions and manage climate-related risks. The plan includes targets such as a 63% reduction in Scope 1 and 2 emissions by 2035 and a 20% reduction in Scope 3 emissions. FirstGroup has invested over £300 million in decarbonizing its bus fleet, with more than 650 zero-emission vehicles now in service. The company is also expanding its rail operations with new routes and a £500 million order for Hitachi trains. The plan aims to enhance FirstGroup’s operations, support community growth, and drive commercial success.

More about Firstgroup

FirstGroup plc is a leading private sector provider of public transport services in the UK, generating £4.7 billion in revenue with around 30,000 employees. The company operates First Bus, one of the largest bus operators in the UK, and First Rail, a major rail operator with a fleet of approximately 3,700 locomotives and rail carriages. FirstGroup is committed to sustainability, aiming for a zero-emission bus fleet by 2035 and supporting the UK government’s goal to eliminate diesel-only trains by 2040.

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Current Market Cap: £981.5M

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