Since 2020, Schroders has been a signatory to the United Nations Global Compact, the world’s largest corporate sustainability initiative. The UN Global Compact asks companies to align their operations and strategies to ten universally caccepted principles. These principles represent the 17 Sustainable Development Goals (SDGs), which were set up to end extreme poverty, fight inequality and injustice, and protect our planet.
It’s important to us that we have as minimal an impact on the environment as possible. We are constantly looking for ways in which to do this better and more effectively, and are committed to achieving environmental excellence.
We have established an effective environmental framework to help us excel in this key area.
In 2015, global leaders in Paris agreed to an international target to limit global warming to below 2°C. Our Climate Progress Dashboard currently shows that in fact, we’re on track for temperatures to rise by closer to 4°C. This lack of progress highlights the urgent need for real action.
Change starts at home and we are changing our behaviours to make sure that we have a better impact on the environment. For more information on our Group Environment Statement, click here.
We now have over 60% of our employees working from buildings demonstrating excellence in sustainability.
The move to our state-of-the-art London headquarters in 2018 provided us with the opportunity to introduce a number of new environmental initiatives including:
Our New York office has achieved a Leadership in Energy and Environment Design (LEED) Gold certification.
In Singapore, we have moved into our new premises in CapitaGreen in August 2015 reflecting our steady growth in the region, and brings significant environmental benefits. Technologically sophisticated and highly energy-efficient, has meant that during our first full year’s occupation of the building, we used about 51% less electricity than in the last full year at our previous offices.
Other sustainable design strategies in our new building include water-saving techniques, such as rainwater harvesting to irrigate the building’s plants. This, along with many other eco-friendly features, has helped the office tower gain platinum certification in Singapore’s Building and Construction Authority Green Mark Scheme and Gold under the local BCA Green Mark for the office interior fit-out.
In 2015, we set renewable energy targets. By the end of 2019 we had achieved a total of 68% of electricity from renewable sources, and are working to increase this to 100% by 2025.
To do this, we’ve joined The RE100, a collaborative, global initiative uniting influential businesses committed to 100% renewable electricity. The campaign centres on working to increase corporate demand for, and the delivery of, renewable energy.
Schroders joined 29 other global asset managers representing more than USD 9 trillion of assets in launching the Net Zero Asset Managers Initiative.
We use the Greenhouse Gas Protocol Corporate standard: Electricity and gas consumption, as well as business travel (air and ground transportation)
It involves reducing emissions across all activities and offsetting the carbon emissions we’re unable to remove. We will only work with the most reputable standards and we plan to invest in afforestation and forest protection projects in the UK and internationally.
Estimates put the amount of plastic waste that finds its way into oceans every year at eight million tonnes. That’s a lot of plastic ruining our oceans and the lives they support. We recognise the role we all have to play in changing our behaviours and raise awareness about plastic pollution through various projects.
At Schroders, we work hard to improve the futures of those around us and support programmes and initiatives that have lasting impact on our society.
Schroders launched ‘Schroders Giving’ in 2019 to showcase the positive impact the business is having on the communities in which we operate through strategic partnerships. Schroders Giving represents the company’s central charitable giving and develops strategic community partnerships with organisations across the globe, helping us achieve our goals by enabling greater investment into social capital and maximising the impact we can have on beneficiaries.
We work with our local communities through a number of charity partnerships around the world and in Singapore we support Beyond Social Services.
Supporting our people in their own charitable efforts matters to us and is part of our strategy to be an employer of choice. We offer a number of generous matching programmes to empower our people to give back, either through fundraising or donating their time. We have partnerships and issue grants to communities around the world. Find out more about our collaboration with Sport Singapore.
Driving progress and improving futures is at the heart of what we want to achieve through Schroders Giving. With the aim of helping people most affected by the pandemic, our charitable response to Covid-19 raised more than £4.3 million for almost 100 charities in four months, through our #CollectiveAction campaign.
I feel incredibly proud of what has been achieved in just four months. We will continue to provide support for our communities going forwards.
We have been partnered with Beyond Social Services since 2015 and in April 2020 we established a new partnership to support their ‘Covid-19 Family Assistance Fund’, which aims to help low-income families hard fit by the current situation. 100% of the proceeds from the fund go towards the affected families.
Beyond Social Services is a charity dedicated to helping children and young people from less fortunate backgrounds break away from the poverty cycle. They provide guidance, care and resources that enable families and communities to keep their young people in school. Through our partnership, we’re committed to supporting families in the Ang Mo Kio community and enabling our employees to provide their support at events through volunteer leave.
In 2019, we rolled out our improving futures community strategy across the globe with the objective of engaging our people to make a positive impact. We decided to launch a competition, asking our global colleagues to tell us about the charities that they thought were driving progress and improving futures in their communities.
Our judges comprised Peter Harrison, Group Chief Executive; Leonie Schroder, non-executive Director; and Sir Damon Buffini, independent non-executive Director. They chose these three winners and we are proud to support these causes, which align to our corporate focus on climate change, social impact and social mobility.
1st Cool Earth, global
Cool Earth works alongside rainforest communities to halt deforestation and climate change. This charity shares and promotes the most effective conservation methods around the world and invests in those methods with the potential for best outcomes for people and the rainforest.
2nd SEWA, India
SEWA has been making women in India self sufficient since the 1970s. It is made up of a network of self-employed women on low incomes, whose financial wellbeing is therefore unprotected. The charity transforms women’s lives by empowering them with leadership skills, entrepreneurship and skills training to gain full-time employment.
3rd Beyond Social Services, Singapore
Beyond Social Services is dedicated to helping children and youths from less privileged backgrounds break away from the poverty cycle in Singapore. The charity provides guidance, care and resources that enable families and communities to keep their young people in school and out of trouble.
In 2020, during Inclusion month we ran a series of accessible challenges to help colleagues around the world embrace and share inclusion. Our engagement opportunities ranged from digital workout training sessions, panel discussions with external leaders, to podcasts with senior colleagues and Q&A sessions.
Almost 600 of our colleagues joined one or more of our learning sessions and over 580 completed the inclusion digital workout, aimed to help us learn how to be more inclusive of different people. The month was celebrated around the world from World Mental Health Day in Hong Kong, to self-care and connection in Singapore, to taking a stand for racial justice in the US. Our two internal podcasts were hosted by our Group Chief Executive and Group Chief Investment Officer on our key initiatives and our Head of Talent & Inclusion and Chair of the Schroders Black Professional Network, on exploring the role of race and representation when it comes to inclusive leadership.
The results from our 2020 Inclusion survey found:
We believe that society has been bound by preconceived ideas about what people can and can’t do for far too long. Factors such as gender, social backgrounds, ethnicity and ‘who you know’ have had a greater impact on the professional world than most are ready to admit.
We are going a step beyond saying that the gender pay gap is important. Find out more about our approach and reach our full Gender Pay Gap report.