We’ve set climate change targets for our operations and financed emissions, validated by the Science Based Targets initiative.
Our Climate Transition Action Plan outlines how we’ll transition towards net zero across our operations and value chain.
Our main focus is on our decarbonisation plan, but we’ll keep running our business on a climate neutral basis on our journey to net zero.
Harnessing the power of investment to accelerate a nature-positive future
For us, commitments need credibility. For our own operations, we’ve set ambitious near-term science-based targets, as well as renewable electricity and supplier engagement targets, which have been validated by the Science Based Targets initiative.
We’re working to transition our business to net zero greenhouse gas emissions, and we monitor our progress closely to help keep us on track. We’re making our properties more efficient; switching our company car fleet to hybrid or electric; buying renewable electricity; reducing our business travel and; supporting our suppliers to do the same. Find out more about our targets and progress in our latest Task Force on Climate-Related Financial Disclosures Report.
First and foremost, we’re reducing our own carbon footprint and encouraging our value chain to do the same. And we don’t include carbon offsetting in our science-based target goals. Still, supporting the voluntary carbon market means there’s more finance available to drive innovation in climate action projects in emerging and developing economies. That often leads to further benefits - like protecting biodiversity, preventing pollution and creating jobs.
In 2020, we became a founding member of the Net Zero Asset Managers initiative, and we’re members of the Natural Capital Investment Alliance which aims to accelerate the development of natural capital as a mainstream investment theme. And we’re currently scoring an A-, leadership level, on the CDP climate questionnaire.
“We apply the same values and standards that we ask of the companies we invest in to how we run our own business. Setting ambitious targets is not only the right thing to do but also helps create efficiencies in our operations and engages our people to be part of the solution.”
Chief Financial Officer