Strategic Report
Governance Report
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Corporate and operational
We are committed to understanding and mitigating the environmental impact of our operations. In line with the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”), we have undertaken a comprehensive assessment of our Scope 1, 2 and 3 emissions. This assessment is crucial in identifying the steps necessary to achieve the carbon reductions required to reach our goal of net zero emissions by 2030.
Highlights
Reduction in total GHG emissions 7%
By analysing our direct and indirect emissions, we continue to develop targeted strategies that not only address our current environmental footprint, but also pave the way for a more sustainable future. These efforts reflect a steadfast dedication to environmental stewardship, ensuring that our business practices contribute positively to the global fight against climate change. We are dedicated to continuous improvement in our environmental performance, striving to minimise our negative environmental and climate change impacts. Supplier engagement and oversight Our Procurement team has continued to play a pivotal role in strengthening our operational resilience, commercial performance and sustainability agenda through robust third-party governance and strategic supplier engagement. The team has continued to follow its comprehensive third-party supplier framework in collaboration with Risk and IT teams, aligning with regulatory standards, including the FCA guidelines. This framework governs the full lifecycle of supplier relationships, from pre-selection and due diligence through to exit management, ensuring consistent risk tiering, performance monitoring and compliance oversight. Our comprehensive supplier due diligence process, which was rigorously applied to suppliers engaged through the Group’s recent acquisitions, is aligned with our high internal standards of ethics and compliance, ensuring
our partners comply, among others, with modern slavery regulations and are committed to human rights and fair payment for their people. In addition, we have embedded sustainability considerations into the supplier lifecycle, incorporating environmental and social risk assessments in the due diligence process. The team has also contributed to policy updates and governance forums to ensure alignment with evolving ESG expectations and regulatory developments. Relationship management In the financial year, focus was placed on consolidating the supply base and deepening relationships with our strategic suppliers through structured account management, leveraging commercial value and service excellence. The team also identified and secured a long-term partnership with Workday, leading to improved processes and efficiencies across HR and finance functions. Advancing sustainability in environmental performance of our facilities management. Recognising the importance of sustainable operations, we have focused on optimising resource efficiency, reducing our carbon footprint and promoting eco-friendly initiatives. Our office footprint facilities management We have implemented a range of practices designed to enhance the During the financial year, the Group acquired three financial planning businesses, which
expanded our footprint in Wales and East Anglia. Subsequently, with the sale of our International business, we no longer have offices in Guernsey, Jersey or the Isle of Man. As a result, and following the opening of our Glasgow office on 1 July, we now have 16 offices across the UK. Around half of our offices are serviced, which provides flexibility and efficiency. In addition, by leveraging the inherent efficiencies and sustainability- focused operations of serviced offices, we can significantly reduce our environmental footprint while maintaining operational flexibility and resilience. Benefits include: • Resource efficiency: Serviced offices maximise resource use through shared amenities and services, reducing the overall consumption of energy, water and other resources per occupant. • Lower carbon footprint: With flexible leasing options, we can right-size our office space, minimising the environmental impact associated with maintaining underutilised areas. For example, we relocated our Adroit business from Manchester to a more appropriately sized office in Altrincham, reducing excess space and improving energy efficiency. The Altrincham office is now a shared space with our colleagues from the recent LIFT acquisition, promoting better space utilisation and collaboration. Additionally, we closed the Bury St Edmunds office, further reducing building emissions. • Waste reduction: Shared facilities implement robust recycling and waste management programmes, leading to more efficient waste reduction practices.
Reduction in energy consumption intensity ratio 17%
Reduction in GHG emission intensity ratio 23%
Electricity generated from renewable sources 92%
Brooks Macdonald Group plc Annual Report and Accounts 2025
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