Climate Change Data

IWG plc

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity, Equity & Inclusion
  • Community Investment
  • Employee Well-being
  • Corporate Governance
  • Ethical Conduct

Environmental Achievements

  • Reduced electricity and gas costs per workstation by 33% compared to 2016 baseline.
  • Reduced water costs per workstation by 22% compared to 2016 baseline.
  • Significant reduction in plastic waste through coffee machine upgrades and removal of plastic water bottles.
  • Reduced CO2 emissions by up to 95% in Oslo Spaces centre refurbishment using recycled materials.

Social Achievements

  • Launched HomeToWork network to support home workers.
  • Launched a series of ‘Affinity Groups’ in the US to address DE&I issues.
  • Provided customer support worth over £100 million.
  • Continued to recruit new talent with a focus on diversity.
  • Delivered over 300 webinars and launched IWG Academy for employee training and development.
  • Raised over £430,069 for charitable initiatives globally.

Governance Achievements

  • Launched a search for a Black, Asian, or Minority Ethnic Director to join the Board by May 2022.
  • Defined “Diversity” in the Board Diversity Policy.
  • Implemented a robust risk management framework.
  • Maintained a zero-tolerance policy for bribery and corruption and slavery and human trafficking.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve carbon-neutral status within five years.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • COVID-19 pandemic significantly impacted operations and revenue.
  • Economic downturn affecting customer demand.
  • Increased competition in the flexible workspace industry.
  • Lease obligations representing a significant financial risk.
  • Need to adapt to evolving trends and disruptive technologies.
Mitigation Strategies
  • Renegotiated leases, resulting in more variable lease terms.
  • Rationalised underperforming centres.
  • Provided customer support worth over £100 million.
  • Focused on cost reduction and cash generation.
  • Invested in new products and services (e.g., HomeToWork).
  • Raised equity capital and issued convertible bonds.
  • Pivoted towards a capital-light growth model focusing on franchising and management agreements.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Engaging suppliers with similar sustainability ethos.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Reduced commuting distances through decentralized workspace locations.

Reporting Standards

Frameworks Used: CDP (Carbon Disclosure Project)

Certifications: LEED, BREEAM

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • HomeToWork network

Awards & Recognition

  • Not disclosed