Climate Change Data

Clyde & Co LLP

Climate Impact & Sustainability Data (2021, 2023, 2024)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Diversity & Inclusion
  • Mental Health
  • Social Mobility
  • Climate Change
  • Net Zero Emissions
  • Pro Bono
  • Community Engagement
  • Supply Chain Sustainability
  • Anti-bribery and Corruption
  • Human Rights

Environmental Achievements

  • Joined the Net Zero Lawyers Alliance (NZLA) to accelerate the transition to net zero emissions by 2050.
  • Committed to adopting a net zero emissions strategy in 2022, to be approved by the Science Based Targets initiative.
  • Achieved ISO 14001 Environmental Management Certification.
  • Reduced global office footprint by 22% by October 2022 (towards a 45% target by 2025).

Social Achievements

  • Launched the Clyde & Co Academy to provide opportunities for underrepresented students.
  • Placed in the top 75 employers in the Social Mobility Employer Index.
  • Launched a digital mentoring program for young job seekers.
  • Donated £20,000 (matched by Z Zurich Foundation to £40,000 total) to UNICEF to support COVID-19 vaccine rollout.
  • Implemented a hybrid working model for UK employees, reducing commutes.
  • Launched Reverse Mentoring program to increase conversations around D&I.
  • Expanded employee networks in North America.
  • Achieved Mansfield Rule certification in the US and joined the UK pilot.

Governance Achievements

  • Implemented mandatory diversity and equality training for all UK employees.
  • Ethics and integrity training delivered to all global employees.
  • Modern slavery training for key procurement personnel.
  • Zero-tolerance approach towards bribery and corruption with comprehensive policy and training.
  • Whistleblowing policy in place.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Medium-term Goals:
  • Achieve a 90% reduction in emissions by 2050
Short-term Goals:
  • Implement a net zero emissions strategy (2022)
  • Reduce global office footprint by 45% by 2025
  • Source 100% renewable energy in UK offices by 2025

Environmental Challenges

  • Slow progress on diversity and inclusion despite best efforts.
  • Decarbonising supply chains.
  • Reducing business travel emissions.
  • Maintaining a low carbon and resilient supply chain.
Mitigation Strategies
  • Formed a new Diversity and Inclusion Steering Group.
  • Committed to the Mansfield Rule.
  • Established employee network groups.
  • Developed a global procurement function.
  • Launched 'Travel Wise' program to encourage sustainable travel.
  • Implemented a hybrid working model.
  • Engaging with suppliers to understand their environmental records and ensure they have appropriate targets.

Supply Chain Management

Responsible Procurement
  • Code of Ethics
  • Due diligence on new suppliers
  • Regular service reviews with tier 1 suppliers
  • Contractual requirements for supplier compliance with laws and regulations

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 14001

Awards & Recognition

  • Best Employer Supplier Partnership at the ISE Awards
  • Winner of the Best Virtual Assessment Experience at the Target Job Awards
  • Voted as one of the top student employers in the UK
  • Awarded Best Apprenticeship Initiative in the UK
  • Winner of Outstanding Employer and Supplier Recruitment Partnership
  • Awarded Best Coaching & Mentoring Initiative
  • Placed in the top 75 employers in the Social Mobility Employer Index

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Climate Goals & Targets

Short-term Goals:
  • Meet commitment under the Science Based Targets Initiative (SBTi) to reduce GHG emissions
  • Increase percentage of procurement exercises where Sustainable Procurement is a formally weighted decision criteria
  • Increase percentage of suppliers who have been through enhanced supplier due diligence
  • Increase percentage of suppliers who have signed up to Clyde & Co’s Supplier Code of Conduct
  • Increase percentage of suppliers where a formal supplier relationship management process, covering Sustainable Procurement is in place

Environmental Challenges

  • Environmental risks associated with procurement activities
  • Use of non-renewable resources
  • Negative impacts on biodiversity
  • Modern slavery in the supply chain
Mitigation Strategies
  • Assessing environmental risks and minimizing impact
  • Using natural resources responsibly and seeking sustainable alternatives
  • Protecting and enhancing biodiversity
  • Preventing modern slavery through policies, procedures, and supplier engagement
  • Prioritizing suppliers with strong sustainability commitments
  • Incorporating sustainable procurement practices into all aspects of procurement processes

Supply Chain Management

Responsible Procurement
  • Compliance with environmental legislation
  • Supplier Code of Conduct
  • Sustainable procurement considerations in tender scoring (minimum 25%)
  • Prioritizing sustainable products and services
  • Collaboration with suppliers to reduce waste, minimize emissions, and improve labor conditions

Climate-Related Risks & Opportunities

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Energy Management
  • Waste Reduction
  • Sustainable Procurement
  • Supply Chain Sustainability

Environmental Achievements

  • SBTi validated long-term Net Zero emissions target by 2038
  • SBTi validated near-term reduction target of 80% in Scope 1 & 2 emissions and 50% in Scope 3 emissions by 2030 (overall 52% reduction)

Social Achievements

  • Development of bespoke climate change training pathways for all employees
  • Development of a Sustainability Champions network

Governance Achievements

  • Policy endorsed by leadership team and communicated to all staff

Climate Goals & Targets

Long-term Goals:
  • Achieve Net Zero emissions by 2038
Medium-term Goals:
  • Achieve 80% reduction in Scope 1 & 2 emissions and 50% reduction in Scope 3 emissions by 2030
Short-term Goals:
  • Implement ISO 50001 in UK operations by May 2025
  • Develop and publish a Transition Plan by May 2025

Environmental Challenges

  • Reducing the environmental impact of offices, business travel, purchased goods and services, commuting, home working, waste, recycling, and water use.
Mitigation Strategies
  • Transitioning away from direct use of fossil fuels, adopting renewable tariffs, implementing energy efficiency programs, adopting a global travel guidance note, developing regional sustainable travel policies, supply chain rationalisation, using a Sustainable Procurement Policy, adopting sustainability requirements into Supplier Code of Conduct, using a minimum 25% weighting of ESG considerations in tender scoring, including Chancery Lane Project sustainability clauses in procurement terms.

Supply Chain Management

Responsible Procurement
  • Sustainable Procurement Policy
  • ESG considerations in tender scoring (minimum 25%)
  • Chancery Lane Project sustainability clauses in procurement terms
  • Supplier Code of Conduct with sustainability requirements

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi), Task Force on Climate-related Financial Disclosures (TCFD), Taskforce on Nature-related Financial Disclosures (TNFD)

Certifications: ISO 50001 (planned for UK operations by May 2025)