Climate Change Data

Moneycorp Group Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:185.4 tCO2e/year
Scope 1 Emissions:40.4 tCO2e/year
Scope 2 Emissions:145.0 tCO2e/year
Renewable Energy Share:100% (Head Office electricity)
Total Energy Consumption:1,092,835 kWh/year
Carbon Intensity:0.29 tCO2e/FTE (2023)

ESG Focus Areas

  • Empowering Women
  • Tackling Street Homelessness
  • Protecting the Environment

Environmental Achievements

  • Partnered with a leading provider of carbon offset solutions to offset 100% of our Scope 1 and 2 emissions in 2022.
  • 94% of waste generated during the year was recycled and the other 6% was sent to an ‘Energy from Waste’ Facility, with zero waste sent to landfill (Head Office).

Social Achievements

  • Launched Women’s Mentoring Programme.
  • Donated £92k to charities supporting women.
  • Supported The Passage and CrossRoads charities.

Governance Achievements

  • Continued focus on regulatory alignment, ensuring compliance and regulatory support personnel across markets and regulators.
  • System and Organisation Controls (SOC) 2 certified in June, ensuring the highest standards of security and data protection for our clients.

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions ahead of the UK government’s 2050 target.
Short-term Goals:
  • Complete a plan to achieve net zero emissions by the end of 2025.

Environmental Challenges

  • Increased GHG emissions and energy consumption due to staff returning to office-based working and an increase in the total staff base.
  • Lower FX volatility dampening trading revenues compared to 2022.
  • Increased inflation and interest rates impacting client volumes in the Private segment.
Mitigation Strategies
  • Implementing internal measures to reduce carbon footprint (e.g., salary sacrifice scheme for electric cars, revised travel policy).
  • Improved interest income and close management of costs.
  • Focus on clients we are best placed to serve in the Private segment.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GHG Protocol Corporate Accounting and Reporting Standard, UN Sustainable Development Goals

Certifications: ISO 27001, SOC 2

Awards & Recognition

  • Feefo’s 10 Years of Excellence Award
  • Feefo Platinum Trusted Service Award