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Our Sustainability Mission

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No world beyond ours

By 2030, we want to cut our emissions by over half. By 2040, we aim to achieve Net Zero entirely. Like every business the environmental impact we cause can be felt, and we’re taking responsibility for that. We have a clear market-leading plan founded on a science-based approach to deliver on our promise.

Our impact

Clyde & Co worked with Carbon Intelligence (now an Accenture company) to determine our baseline carbon footprint. The calendar year 2019 was taken as our baseline year, representing the last full year of normal operations before the onset of the COVID-19 pandemic.

110,000 Tonnes CO2e

Our total footprint for 2019

4% Scope 1 & 2 emissions

Office energy use

96% Scope 3 emissions

Business travel and purchased goods and services

Our approach

We’re taking a holistic view on how we can reduce our impact on the world. Our strategy uses evidence and research from the Science Based Targets initiative (SBTi) which is a collaboration of international climate change groups that individually assess and approve companies’ ambitions.

We’re committed to operating our business in a responsible and sustainable manner and acting as an exemplar to the industry, demonstrating high ambition and high transparency and contributing to thought leadership.

Reducing our carbon footprint

We’re looking into our suppliers and the supply chains they use to address and support in areas that make an impact, while at the same time making our own internal travel policies more sustainable. We’re also transitioning our office portfolio towards fully renewable energy dependability.

Wider environmental initiatives

We are establishing a global network of passionate sustainability champions who will make incredible inroads into waste and recycling, nature and local communities, biodiversity, and nature loss. We’re also developing climate awareness training to enable all our employees to help us deliver on our targets.

Carbon offset initiatives

We’re developing a carbon offsetting strategy that will help us achieve Net Zero by 2040. We’ve already planted the Clyde & Co Community Forest in the north east of England, and we’re working on more exciting projects to deliver social, economic and environmental benefits to our communities.

Progress so far

Since establishing our baseline footprint and creating a roadmap to reduce our emissions, we have made good progress through a number of initiatives.

100% renewable electricity in our UK offices

In 2023 we moved our UK offices’ electricity supplies to 100% renewable energy two years ahead of our 2025 target. Work continues to move us away from direct consumption of oil and gas to make our global office portfolio as renewable as possible.

Working with 200 suppliers

Our Supplier Engagement programme works with our top 200 suppliers by emissions to better understand their impacts and to support them to reduce their emissions in line with our own targets.

Sustainability Linked Credit Facility

We’ve established an innovative Sustainability Linked Credit Facility with our bank to replace the current credit facility. This means we will pay less interest if we exceed our sustainability targets, and more interest if we miss them; directly financially incentivising our sustainability work.

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SBTi

The Science Based Targets initiative (SBTi) is a collaboration between CDP (formerly known as the Carbon Disclosure Project), the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the Worldwide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting, and independently assesses and approves companies’ targets. A greenhouse gas emissions target can be considered ‘science based’ if the emissions reductions it requires are in line with keeping the global temperature increase at or below 1.5°C compared to pre-industrial temperatures by mid-century (2050).

The SBTi have validated and approved our near-term reduction target of 80% in our scope 1 & scope 2 emissions and a 50% target reduction in our scope 3 emissions by 2030 as being in line with a 1.5 degrees trajectory.

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