ESG Report 202223 - Flipbook - Page 31
Measuring up
While it would take a huge document to explain the rationale and methodology behind each
of our reporting frameworks and relationships, we thought it might be useful to explain what some
of these organisations are and why we think they matter to us, our clients and the communities
in which we work.
Framework
Why it’s important
Corporate and organisational success requires stable economies
and healthy, skilled and educated workers nested within a natural
environment that is able to thrive. Adoption of the 10 principles of
the UNGC supports this and demonstrates our responsible approach
to our clients and investors.
In signing up to the UNGC standard, we have joined more than
160,000 other companies across the world. Our first reporting to this
organisation will take place in the next 12 months, so we hope to be
able to share our results in next year’s report.
We have aligned our approach to climate disclosures on principles set
out by the Taskforce on Climate-Related Financial Disclosure. This
approach enables us to more effectively understand our risks and
opportunities associated with the climate emergency. Our submission
will be audited by our independent financial auditors and will be
included in our annual financial statements.
As discussed in more detail on page 17, the carbon reduction
framework from SBTi enables us to adopt a decarbonisation strategy
that is in aligned with the latest climate science. Our submission
of our near term science-based target will be delivered to SBTi for
validation by the end of March 2024.
SECR is a government-mandated process of reporting energy
consumption and greenhouse gas emissions. We include these
figures in our annual financial statements. In the last year, we have
Groupwide verification to the ISO standard for the quantification
and reporting of greenhouse gases (ISO 14064:2018).
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