We have made a number of public commitments which include GHG emission reduction targets approved by the Science Based Targets Initiatives (SBTi). We have set our targets in line with the Paris Agreement’s 1.5oC.
Driving Progress on Climate
We have a Net Zero Working Group to help drive the key initiatives and projects which are focused on reducing our overall Green-House Gas (GHG) emission reductions. Main areas of focus include the adoption of renewable energy sources for our offices, the reduction and transition of car fleet with electric vehicles, business travel and the engagement of suppliers and landlords.
For more information please see Our Carbon Reduction Plan
We have a Climate Committee to systematically appraise climate-related risks and opportunities and to act as a conduit into risk management, business planning, the Executive Leadership Team and the Sustainability Committee.
For more information on our climate-related governance structure and our climate-related risks and opportunities please see our TCFD Report.
GHG Emissions Reporting
We report and provide commentary on our GHG Emissions in our Sustainability Report.
We have committed to:
- 50% reduction in scope 1 & 2 emissions by 2026 versus 2020 baseline, as approved by the SBTi (1.5°C trajectory)
- 50% reduction in scope 3 emissions from purchased goods, services & capital goods by 2030 versus 2020 baseline, as approved by the SBTi (1.5°C trajectory)
- 40% reduction in absolute scope 3 emissions from buisness travel by 2026 against a 2020 baseline, as approved by the SBTi (1.5°C trajectory)
- transition to 100% renewable energy where there is a viable market solution for electricity supply
- invest in beyond-value chain mitigation projects in relation to emissions that equate to our scope 1 & 2, scope 3 buisness travel and scope 3 transition and distribution losses, until at least 2026
We are proud to be adopting a best practice approach to climate and to have achieved external certification with leading experts ClimatePartner.
The ClimatePartner certification provides transparent disclosure of a company's entire climate strategy, including carbon footprints, emission reduction targets, implemented reductions and financial contribution towards climate projects worldwide.
You can find more about the ClimatePartner Protocol here: ClimatePartner Protocol | ClimatePartner
Beyond value-chain mitigation
We invest in good-quality climate-related projects which directly contribute to carbon sequestration and the avoidance of greater emissions. Whilst these generate carbon credits we do not use these credits in the calculation of our GHG emissions as our focus is on absolute reductions.
In relation to our FY25 emissions we have taken a new portfolio approach. Through ClimatePartner we are supporting a forestry project in Malawi, more fuel-efficient cookstoves in India and a forestry project in Brazil.
Just transition
In partnership with others, we encourage, develop and place the skills and talent required, for the transition to a low-carbon economy.