A Kidlington-based firm has become one of the first companies of its kind to publish a plan outlining its climate targets.

Essentra, a global manufacturer of essential industrial components, is leading the way in the FTSE250 by releasing a climate transition plan.

This comes after new rules were published on how listed companies had to report in accordance with the Transition Plan Taskforce.

The plan details the company's net-zero emissions reduction targets and how it intends to reduce greenhouse gas emissions from its operations.

It aims to use 100 per cent renewable energy across all Essentra sites worldwide by 2030.

It also targets using 50 per cent sustainable polymers in the manufacturing of new products by the same deadline, rising to 100 per cent for its general protection and security seals ranges.

Jennifer Spence, environmental, social and governance director at Essentra, said: "In our first year as a pure-play components business, we have been able to sharpen our focus on the environmental, social and governance topics that will drive us towards our goal of building a sustainable future."

The launch of the plan coincides with Essentra’s 2023 Annual Report which revealed the company has reduced its emissions by 38 per cent since 2019.

In addition, the report unveiled 94 per cent of solid waste was diverted from landfill across all operations this year, an 18 per cent improvement on 2022 performance.