Climate Change Data

Davies Group Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:20,511 tCO2e
Scope 1 Emissions:1,091 tCO2e
Scope 2 Emissions:1,700 tCO2e
Scope 3 Emissions:17,720 tCO2e
Renewable Energy Share:30.4% (UK)
Total Energy Consumption:9,749 MWh
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:44.7 tCO2e/FTE

ESG Focus Areas

  • People
  • Planet
  • Purpose

Environmental Achievements

  • Reduced greenhouse gas emissions intensity for Davies’ UK operations by 34%
  • Global emissions externally assured to ISO 14604-1 standards
  • Published first TCFD report
  • Committed to SBTi’s net-zero pathway
  • Reduced printing by 90% through digitised claims management

Social Achievements

  • Launched Global Guiding Principles with progressive new local policies
  • Continued to develop Diversity, Equity and Inclusion (DEI) strategy
  • Granted £65k to more than 100 community causes through the Davies Foundation
  • 24% of job vacancies filled internally
  • 345 internal promotions

Governance Achievements

  • Created the position of Group ESG Director
  • Launched a new Global Compliance Policy Framework
  • Information security assured to ISO 27001 and certified to Cyber Essentials Plus
  • Became a signatory to the UN Global Compact

Climate Goals & Targets

Long-term Goals:
  • Achieve absolute carbon net zero by 2050 (SBTi 1.5⁰ pathway)
Medium-term Goals:
  • Half absolute greenhouse emissions by 2030 (SBTi 1.5⁰ pathway)
  • Develop ambitious and measurable targets for community strategy in 2024
  • Launch Value Chain Reporting and Engagement Programme in 2024
Short-term Goals:
  • Reduce water consumption year-on-year
  • Adopt 100% renewable energy in all offices
  • Link executive remuneration to ESG targets by 2025

Environmental Challenges

  • Reducing global greenhouse gas emissions
  • Improving diversity data accuracy
  • Scaling up community support
  • Ensuring data security in a heavily digital business
  • Managing climate-related risks
Mitigation Strategies
  • Implemented emission reduction initiatives led by the Climate Action Group
  • Improved diversity data collection methods
  • Reshaping community investment strategy to scale up support
  • Implemented a new micro-segmentation tool and enhanced investigation processes for data security
  • Published TCFD report highlighting climate-related financial implications

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct
  • New supplier information management system with ESG data functionality

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: SASB, GRI, TCFD, UN Global Compact, EcoVadis

Certifications: ISO 14604-1, ISO 27001, Cyber Essentials Plus

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 4 (Quality Education)
  • Goal 8 (Decent Work & Economic Growth)
  • Goal 10 (Reduced Inequalities)
  • Goal 13 (Climate Action)
  • Goal 16 (Strong Institutions)

Davies' initiatives contribute to these goals through various programs and strategies outlined in the report.

Sustainable Products & Innovation

  • Digitised claims management system

Awards & Recognition

  • EcoVadis Bronze award