Reducing our impact on the environment
We have partnered with Planet Mark to support us to map out how NCC Group will achieve the net zero requirement by 2050 and will be hosting workshops from the Board down to achieve this. We started the conversation last year, hosting virtual and local conversations with colleagues around the world. Through the work we’ve done to report against the Task Force on Climate-Related Financial Disclosures (TCFD) we discovered opportunities for our business to play a more active role in helping other organisations to reduce their impact on the planet.
Being an ethical, responsible employer and supply chain partner
Creating an inclusive and diverse workplace
Reducing our impact on the environment
Climate related financial disclosure in line with TCFD guidelines This is NCC Group’s first year reporting against the Task Force on Climate-Related Financial Disclosures (TCFD) requirements. In line with listing rule 9.8.6R(8) we have produced TCFD disclosures, which are consistent with the TCFD recommendations and recommended disclosures across the governance, strategy, risk management, metrics and targets pillars. In assessing whether the disclosures are consistent, we have referenced section C of the TCFD Annex entitled ‘Guidance for All Sectors’. For strategy we comply with disclosures (a) and (b) but for (c) we need to map out our net zero journey and review our scenario analysis and assess the resilience of NCC Group against our risks. This further work is included as a target in our full report and will be published in next year’s TCFD report. Furthermore, for each pillar we have included a table which describes our current disclosure, our developments achieved in FY22 and our focus areas for FY23. Our overall exposure to physical and transitional climate change is considered low due to the nature of the business and can be reduced through the strategy and journey we’ve outlined in our full report. The scenario analysis for physical risks (flooding, earthquakes and storms) does not pose a high risk as there are mitigating controls in place and business interruption would not be significant.
Alongside the risks identified we have a significant opportunity as the market develops and industries invest more in climate change. For example, we currently work with customers which specialise in developing technology for electric vehicles, renewable energy (wind and solar), operational technology and other technical application work. View the full TCFD report in our FY22 Annual Report or via our Sustainablity Resource centre online. Greenhouse Gas emissions Our Scope 1, Scope 2 and Scope 3 emissions were calculated in FY22 by Planet Mark in line with the GHG Protocol Corporate Standard. Planet Mark has calculated this from verified third party data and invoices as part of our overall carbon certification. The certification has not been independently audited by KPMG. The Scope 3 emissions for transmission and distribution and travel distances were calculated using the units of energy consumption and travel distances provided respectively multiplied by the relevant BEIS emissions factors. Some conversions were used, for example GJ to kWh and miles to km. Scope 3 emissions are not the full scope in FY22 but we are working on the data requirements for this with Planet Mark. See page 44 - 45 of the FY22 Annual Report or our latest Streamlined Energy Carbon Report for more information.
UN Global Compact Principles addressed either directly or indrectly in this section of our Communication of Progress: 7. Business should support a
precautionary approach to environmental challenges
8. Undertake intiatives to promote greater environmental responsiblity 9. Encourage the development and diffusions of environmentally friendly technologies
NCC Group Communication of Progress | Page 10
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