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ESG

Leading by example.

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Taking our responsibilities seriously

As the UK’s leading energy and sustainability advisor, we need to lead by example. That is why we work with third-party ratings agencies and comply with all relevant mandatory and voluntary reporting legislation to communicate and benchmark our ESG performance.

View our ESG reports and disclosures

ESG performance

In 2023, we progressed our ESG strategy. We revised our Scope 1 & 2 net-zero emissions target from 2035 to 2030 based on our 2019 baseline. We modelled our decarbonisation trajectory in alignment with a 1.5°C warming pathway and submitted our near-term and net-zero targets to the Science-Based Targets Initiative for validation.

One of the essential components of our decarbonisation plan is to make our new head office in Kirkham a net-zero building for Scope 1 & 2 emissions. Although our water and waste usage is low at our offices, we have made progress on our reduction plan to meet our 2025 target.

In 2023, we published our fourth TCFD and GRI reports and signed the Taskforce on Nature-Related Financial Disclosures (TNFD) pledge in early January 2024.

Our electric vehicle employee benefit scheme experienced a noticeable surge in participation during the year, contributing to a reduction in our Scope 3 emissions.

The development of our STEM and other social programmes made progress during the year, and we anticipate launching them later in 2024.

ESG governance

Over the last few years, we have been working to formalise our ESG governance to ensure that the principles are embedded throughout the business, from the Board to employees.

The Board shares responsibility for approving the ESG strategy and reviewing performance with the ESG Performance Committee. It plays a crucial role in our governance by providing an external and independent perspective, ensuring there are adequate internal controls and risk management measures in place.

Since 2021, our executive remuneration has had an ESG component because it is a core part of how we do business. For 2022, we overhauled our remuneration policy for executives and created the Inspired Incentive Plan; within this, ESG targets have a weighting of 20%.

The ESG Performance Committee was formed in 2021, sitting alongside the Audit, Remuneration and Nominations Committees. It is responsible for holding the Executive Directors to account concerning all aspects of ESG. The Board and the ESG Performance Committee meet once a quarter, considering all ESG matters carefully as we continue to develop our ESG programme across the Group.

Our ESG Action Committee consists of representatives from all areas of the business and is responsible for the day-to-day actions which will move us towards our long-term ESG goals, including our net-zero targets to mitigate against climate-related risks. The committee met several times in 2023, reporting the outcomes to both senior management and Board after each meeting.

We’ve proudly received the London Stock Exchange’s Green Economy Mark since 2020, acknowledging our commitment to delivering long-term sustainable success.

It recognises those companies that are contributing to a greener and more sustainable economy and allows greater visibility for investors interested in green economy activities. To receive it, companies must generate at least 50% of their revenue from green revenue streams as defined by FTSE Russell’s Green Revenues taxonomy.

“Businesses have a vital role to play in helping the UK achieve its net-zero ambition. We aim to lead by example, embedding net-zero and ESG objectives into our daily operations. Our mission is to provide exemplary ESG services to our clients and we are committed to helping them achieve net-zero.”

Mark Dickinson, Chief Executive Officer
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ESG memberships and partnerships

Currently, we have the following ESG-related memberships and partnerships:

Principles for Responsible Investment (PRI)

We are a service provider signatory as we advise asset owners and investment managers on ESG topics and support them in submitting PRI reports.

Global Reporting Initiative (GRI)
We are a member of the GRI Community and support its mission to empower decision makers everywhere, through GRI Sustainability Reporting Standards and its multi-stakeholder network, to take action towards a more sustainable economy and world.

Global Real Estate Sustainability Benchmark (GRESB)
We are a Data and Premier Partner as we help clients report asset data directly to the GRESB Portal.

Disability Confident Employer
is a movement of change, encouraging employers to think differently about disability and take action to improve how they recruit, retain and develop disabled people.

UK Business Council for Sustainable Development (UKBCSD)
We became a member of the UKBCSD in 2021. It aims to lead sustainable business growth, supporting technological innovation and advocating for the role of sustainable development.

Social Value UK and Social Value International
in 2022, we have become members of these organisations which change the way the world accounts for value by including environmental and social factors.

Mental Health at work commitment
is a commitment to implementing each of the standards including ideas and tools to get organisations started.

Social Mobility Pledge
encourages organisations to being a force for good by putting social mobility at the heart of their purpose.

The Global Business Collaboration for Better Workplace Mental Health Pledge is an initiative that seeks to advance progress by committing senior leaders to a Pledge to create mentally healthy workplaces.

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Get in touch

If you are looking for advice and support in ESG, please contact our specialist ESG team.