We recognise that to play a positive role in society, we need to act responsibly. Not just to our employees, customers, suppliers and other stakeholders but also to the environment and wider society.
UN SDGs
Climate Risks
Why does it matter?
We recognise that climate change is a pressing global issue and as a company we are committed to promoting a sustainable environment and to provide updates on our progress in doing so. To that end, we are pleased to issue our report in response to the Task Force on Climate-related Financial Disclosures (‘TCFD’) recommendations.
How will we measure progress?
The Group has set the following metrics and targets to assess and manage climate related risks and opportunities:
- We are committed to reducing our scope 1 and 2 greenhouse gas emissions to achieve our net-zero target by 2040. In the near term, we are measuring progress through reduction in our CO2e intensity ratio. Refer to page 41 for further details of progress to date
- Having established our baseline scope 3 greenhouse gas emissions, we submitted our proposed near and longterm targets to SBTi in July 2023 and these were approved in December 2023
- While we have metrics for climate related risks, during 2024 we will continue to develop cross-sector metrics for climate related opportunities, capital deployment, internal carbon pricing, and remuneration
- In addition, we currently measure water usage and waste production and continue to look at ways to minimise our environmental impact
Ethical Conduct
Why does it matter?
As an international Group, we recognise that acting ethically towards our employees and other stakeholders shows our commitment to doing business in a responsible manner:
- Protecting ourselves and our employees
- Creating a sense of pride in our employees that we always ‘do the right thing’
- Ensuring transparency when dealing with customers and suppliers
- Supporting the communities in which we work with fair and equitable employment policies and opportunities
- Maintaining our reputation with all our stakeholders
How do we ensure we are compliant?
- Annual Modern Slavery audits
- Board oversight of all Whistleblowing Reports
- Annual approval of all ethical policies by the PLC Board or Executive Board
- Maintain online training to ensure compliance with relevant legislation
- Annual certification by Group operating subsidiaries that they have complied with policies issued by the Group, and in particular with the CoBC