This new partnership marks an important step on our journey that will energise our future expansion plans. I am looking forward to the new perspectives and experience that LDC will bring to help guide our growth strategy.”
Reusing, recycling, reducing carbon footprint
Since LDC’s investment the management team has been able to accelerate the integration of ESG into its business model. This will reduce Kingswood’s carbon footprint by 25% in
the next two years.
A key initiative was moving production to a new 50,000 sq ft manufacturing site in Brierley Hill, West Midlands. The site, identified by LDC, has been designed to optimise efficiency and features solar panels on the roof. Thanks in part to the move, the distance driven by Kingswood’s fleet will reduce by over 100,000 miles a year, saving 48 tonnes of CO2 in vehicle emissions and reducing Kingswood’s vehicle fuel bill by 10%.
When Kingswood delivers to customers’ houses, they also take their old furniture away. This used to go to landfill, but now goes to households in need, thanks to a partnership with the Reuse Network. Over the course of next year, this will save 25 tonnes of waste from landfill, helping over 800 families in the process.