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)