We’ve achieved validation from SBTi for Net-Zero Strategy Action
28th June 2024
We’ve achieved validation on our Net-Zero targets and strategy from the Science Based Target Initiative (SBTi) – a corporate climate action organisation that enables companies and financial institutions worldwide to play their part in combating the climate crisis.
Over the last 12 months, we’ve worked with Net-Zero consultant, SLR, to review our greenhouse gas emissions data. This analysis helped us to quantify our carbon footprint, identify sources of emissions, and develop a detailed plan to decrease them. We’ve set specific reduction targets and established timelines to achieve these goals.
Our Net-Zero strategy was developed collaboratively with the external consultant, SLR, our ESG committee, Finance Department, and other members from our internal teams.
During a 3-month review, SBTi evaluated our Net-Zero target ambition and agreed it aligned with a 1.5°C trajectory – the most ambitious designation within the SBTi process. Other SBTi partners include the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute, and the World Wide Fund for Nature (WWF).
Jeanette Burgess Managing Partner said: “Receiving this validation brings us closer to realising our vision of achieving Net-Zero by 2040, a decade ahead of the UK Government’s target to decarbonise all sectors of the UK economy. Our journey towards Net-Zero encompasses all aspects of our operations, including premises, supply chain and business processes…
While our sustainability goals are ambitious, they are within reach and this validation marks a positive step forward for the firm as we prepare to roll out additional initiatives in the coming year.”
Simon Clark, partner and member of the ESG Steering Committee added:”We needed to have our strategy and reduction targets endorsed by an external organisation and aligned with globally recognised science-based reduction goals. Understanding the urgency of collectively reaching the Government’s goal to achieve net-zero by 2050, we are proud of our validation through SBTi and remain committed to meeting our sustainability goals.
We’ll be guided by our Net-Zero strategy, making necessary adjustments as we introduce new initiatives, invest in new technologies, and as the business evolves”.
This validation complements various other green initiatives that we’ve been working on in the past year. This includes renewing our zero-carbon electricity supply contract, ongoing efforts to reduce energy consumption (such as implementing a staff EV salary sacrifice scheme and car share policy) and collaborating with waste contractors to achieve ‘zero waste to landfill’. We’ve also begun engaging with our supply chain to assess our progress towards achieving Net-Zero emissions.
To learn more about this and other ESG initiatives, you can access our positive impact report here.