Responsible Business Report 2023

Environmental Sustainability & Biodiversity


Cragg Estate, Northumberland, north-east England; Credit: Donnington Hospital Trust

Climate change is here. It is terrifying. And it is just the beginning. The era of global boiling has arrived…It is still possible to limit global temperature rise to 1.5°C and avoid the very worst of climate change. But only with dramatic, immediate climate action.

Reporting and disclosure

Carbon offset initiatives

We undertake mandatory disclosures in the jurisdictions in which we operate, including the Streamlined Energy & Carbon Reporting (SECR) and Energy Savings Opportunities Scheme (ESOS) in the UK and globally under the Taskforce for Climate-related Financial Disclosures (TCFD) . In the next reporting cycle, we will be undertaking additional disclosures under the European Union’s Corporate Sustainability Directive (CSRD). In addition, we undertake voluntary disclosures including EcoVadis Assessment, CDP (Carbon Disclosure Project) and the United Nations Global Compact. In the next reporting cycle, we will be undertaking additional disclosures under the Taskforce for Nature-related Financial Disclosures (TNFD).

In early 2023 we established the Clyde & Co Community Forest on the Cragg Estate in Northumberland, north-east England. Approximately one-hour drive from Newcastle, England, 6.2 hectares of woodland were planted with tree species carefully chosen to reflect those native to the area and enrich local biodiversity. This project aims to support organisations achieve their environmental goals, while restoring and protecting the Red Squirrel ecosystem zone. We have been working with Accenture to develop a strategy for carbon offsetting. Removal of our residual emissions from 2040 will be a provision of becoming Net Zero; as such, we are establishing the best way forward to develop a portfolio of projects that will enable us to meet this commitment while maximising the positive social and economic benefits. More details will be available in our Transition Plan which we plan to finalise and publish in the next year.

UN Secretary General, António Guterres

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