Minimising our environmental impact
Key topics: carbon emissions and clean energy; climate change
The objective of our environmental pillar is to monitor and continuously improve our environmental performance to support the transition towards a net zero economy. In alignment with the UK Government’s net zero strategy and the Paris Agreement’s goal to limit global warming to below 2°C above pre-industrial levels (with a preference for 1.5°C), we are committed to achieving net zero emissions no later than 2050.
We comply with the Streamlined Energy and Carbon Reporting (SECR) framework, mandated to report scopes 1 and 2 plus limited scope 3 emissions (specifically, business travel and employee commuting) under the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018.
In accordance with these requirements, we calculate and disclose our emissions following the GHG Protocol Corporate Accounting and Reporting Standard, adhering to the operational control approach. We have utilised consumption data wherever available, while industry-standard benchmarks have been employed to derive estimates in the absence of precise data. The baseline year for our SECR reporting is the Financial Year 2019/2020 (1 June – 31 May), as it is deemed representative and serves as a reliable reference point against which future emission reductions can be measured.
Our SECR reporting complements our adherence to the Energy Savings Opportunities Scheme (2014); we will be submitting for phase 3 compliance in June 2024.
Our recent key achievements include:
- Use of renewable energy resources.
- Adoption of LED lighting and sensor lighting.
- Promotion of the Green Car Scheme (electric vehicles).
- Promotion of car share and bike to work schemes.
- Hybrid working scheme encouraging working from home and less travel.
- Reduction of waste to landfill through recycling schemes and training.
- Promotion of awareness and application of the waste hierarchy.
As a result, we have successfully achieved a 20% reduction in location-based carbon emissions compared to our current baseline (FY 19/20), alongside a 23% decrease in our emissions intensity ratio (tCO2e/1000m2 Floor area). To ensure the efficient management of our carbon and energy objectives, we have integrated our targets within our ISO 14001:2015 (Environmental Management Systems) accreditation. This comprehensive integration ensures that carbon and energy considerations are firmly embedded within our decision-making process. This is in addition to embedding carbon and energy management within the roles and responsibilities of our ESG Committee and ESG Sub-Committee, thereby establishing a robust framework for effective governance and implementation.
In order to ensure that we continue to drive carbon reductions, in 2024 we intend to engage a third-party expert to collaborate with us in developing a comprehensive carbon footprint that will extend our operational boundary to encompass more scope 3 categories. This expanded footprint will serve as our new baseline against which we will measure our progress. We are also committed to setting a science-based net-zero target that is grounded on the globally recognised Science Based Targets initiative’s (SBTi) Net Zero Standard. We aim to submit our commitment letter to SBTi by 2025.