Climate Change Data

Zinc Media Group plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • Diversity and Inclusion
  • Employee Wellbeing
  • Carbon Footprint Reduction

Environmental Achievements

  • The Edge has been a PAS2060 certified carbon neutral company since 2013, reporting on scope 1, 2 and 3 emissions created during the production of client films. The aim is to reduce carbon emissions on every production and offset those which are unavoidable. It also achieved ISO14001:2015 Environmental Management certification in 2022.
  • Zinc is working towards full sustainability on all its TV productions. It participates in the UK industry-wide scheme called Albert.
  • The Group’s post-production business, Bumblebee, aims to be carbon net zero. It utilises remote workflows that reduce travel and emissions, and along with using 100% UK-sourced renewable energy providers, being single-use plastic free and having a zero landfill waste target, Bumblebee has enrolled in the DPP Committed to Sustainability programme.

Social Achievements

  • The Group pro-actively seeks to increase the number of people we work with who are from groups that are under-represented in the industries that we work in.
  • All employees are required to complete compulsory training around unconscious bias, bullying & harassment and people skills upon hire. Updates are provided throughout the year.
  • The Edge has signed up to the Business in the Community (BITC) Race at Work Charter, to provide accountability and practical steps to improve equality, and was instrumental in introducing an industry-wide scheme for Black, Asian and minority ethnic filmmakers called “The Focus Award”, which provides mentorship and employment opportunities.
  • In 2023 the Group launched a health care and employee benefits scheme.

Governance Achievements

  • The Company has adopted and applied the Quoted Companies Alliance (QCA) Corporate Governance Code with effect from 1 September 2018.
  • The Board reviews the principles of incentivisation schemes to ensure that senior management are aligned with corporate strategy.

Climate Goals & Targets

Long-term Goals:
  • Delivering long-term sustainable operating profits
Medium-term Goals:
  • Clear pathway to more than doubling EBITDA profit
Short-term Goals:
  • Targeting £0.5m of savings p.a by the end of 2025 as part of an efficiency and synergy programme.

Environmental Challenges

  • Some of the Group’s businesses are still in an investment stage, where they are delivering rapid revenue growth but are yet to reach profitability.
  • Two businesses within the Zinc Communicate portfolio struggled in the face of a significant decline in the UK advertising market.
  • The UK TV market’s terms of trade could change, which could lead to independent production companies retaining less of the programme rights.
  • A pandemic similar to Covid-19 could occur again in the future.
  • Loss of key management and staff could inhibit the ability of the Group to win, secure and deliver revenue and profit.
Mitigation Strategies
  • The Group is targeting further efficiencies which are anticipated to yield £0.5m of annualised savings in FY25.
  • At the beginning of FY24 these businesses have been restructured and more closely aligned with The Edge’s brand and corporate film business.
  • The Group has acquired The Edge and launched new businesses that create programmes and content for advertisers and brands, produces corporate films and produces podcasts.
  • The stronger balance sheet, improved forecasting of cash, the ability to remote work effectively – including producing television programmes and other content remotely – and better visibility of potential issues via clear KPIs have put the Group in a stronger position to deal with another pandemic.
  • Revenue is being diversified into new channels less impacted by a pandemic within TV and into brand and corporate-funded film and audio content.
  • Key staff are incentivised through a mixture of sales commissions, profit-related bonuses and participation in employee share incentive plans.

Supply Chain Management

Responsible Procurement
  • Commitment to treating suppliers and freelancers fairly and conducting business in an ethical fashion

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: PAS2060, ISO14001:2015, Albert

Certifications: PAS2060, ISO14001:2015

Awards & Recognition

  • Production Company of the Year at the New York Festival Film and Television Awards (two years running)