Mace Finance Limited
Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
Environmental Metrics
Renewable Energy Share:72%
ESG Focus Areas
- Biodiversity
- Climate Change
- Pollution and air quality
- Resource efficiency
- Labour standards
- Community investment
- Health, safety and wellbeing
- Responsible procurement
- Anti-corruption
- Corporate governance
- Risk management
- Tax transparency
Environmental Achievements
- Created and improved 29.6 hectares of green infrastructure
- 72% of power purchased was renewable
- Undertook 17 trials of clean technologies and diesel alternatives
- Achieved 80% reduction in single-use plastic waste in offices and 20% on sites
- Awarded WWF’s maximum ‘3 trees rating’ for responsible sourcing of sustainable timber
Social Achievements
- Provided 1,571 skills, development and training opportunities
- Recorded 6,311 points of community engagement
- Mace employees volunteered more than 26,000 hours
- 89% of construction projects had no reportable injuries
- Lost time frequency rate dropped to a record 0.24
- Accident frequency rate reduced to 0.07
- 95% of projects developed active wellbeing plans
- Increased spend with social enterprises to £691k
Governance Achievements
- Introduced Mace’s Code of Ethics
- Applied the Wates Corporate Governance Principles
- Undertook 131 internal audits
- Independent Certification Body delivered 85 audit days across 7 ISO standards
- Clean SAO certificate issued
Climate Goals & Targets
Short-term Goals:
- Net Zero Carbon by the end of 2020
Environmental Challenges
- Challenging economic environment
- Market volatility and unpredictability
- UK construction industry contracted due to market uncertainty (Brexit)
- Growing global barriers to free trade
- Pressure on fragile supply chains
- Potential disruption to free movement of goods and labour (Brexit)
Mitigation Strategies
- Strong focus on winning key projects and managing risk
- Expanding global footprint and strengthening service offer
- Spreading risk across diverse portfolio of sectors, geographies, and project life cycle
- Working closely with strategic supply chain partners
- Proactive steps to ensure appropriate arrangements in supply chain for Brexit
- Focus on margin growth rather than turnover
Supply Chain Management
Responsible Procurement
- Require supply chain members to be members of Sedex and welcome independent audit
- Increased spend with social enterprises to £691k
- Awarded WWF’s maximum ‘3 trees rating’
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Wates Corporate Governance Principles
Certifications: ISO 19650 BIM accreditation, 7 ISO standards
Sustainable Products & Innovation
- Mace Tech (off-site construction solution)
Awards & Recognition
- 10 awards at 2019 RoSPA awards ceremony
- Two British Safety Council Swords of Honour
- CLOC Outstanding Champions
- Top 10 Most popular graduate recruiters
- Best Advanced Apprenticeship at 2019 School Leaver Awards
- 14th at 2019-20 National Undergraduate Employer Awards