Since 2021, we have been a carbon neutral business for our Scope 1 and 2 emissions. We achieved this by:
Reduction in emissions
Reducing our emissions through energy efficiency and demand reduction measures.
Sourcing credible renewable energy arrangements to ensure Scope 2 emissions are removed.
After we have reduced our emissions as much as possible we have balanced any remaining emissions through high-quality offsetting solutions.
All our Scope 1 and 2 emission have been verified by ISO 14064-1.
With the release of our first Climate Action plan 2021-2023, we focused on addressing our direct Scope 1 and 2 emissions. We now have a credible plan in place to deliver our Net Zero ambitions against this and we are already a carbon neutral business for our own operations.
We are now focusing on how we can continue to reduce our indirect Scope 3 emissions to enable our ambition to be fully Net Zero by 2040, through:
Goods and Services
Working with suppliers to eliminate the emissions in the products and services we buy
Reducing the waste we generate and the emissions arising from their disposal.
Encouraging colleagues to commute to our premises using low carbon means of transport.
Providing our colleagues with a platform to invest their pension funds in, which is consistent with the ethical and climate agenda.
We will assess the emissions created by our counterparties and will consider their plans for emission reduction in our decision making.
We will work with colleagues to reduce business travel. We are offering colleagues an electric car scheme via salary sacrifice, providing them with access to zero emissions travel.
Our ambition is to be totally Net Zero by 2040, but there is much work to do to achieve this goal, in particular working with the Government and utility providers to enable home owners to make their properties more energy efficient. We’re committed to providing our members with products to help them make this transition as well as offering resources which help our customers make decisions on what energy efficiency options make most sense for them.