Climate Change Data

Merit Group plc

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:248 tCO2e/year
Total Energy Consumption:1167 MWh/year

ESG Focus Areas

  • Energy Consumption
  • Greenhouse Gas Emissions
  • Employee Wellbeing
  • Diversity & Inclusion
  • Corporate Social Responsibility

Environmental Achievements

  • Reduced energy consumption to 1167 MWh (2021: 1124 MWh)
  • Reduced emissions to 248 tCO2e (2021: 262 tCO2e)
  • Chennai office initiatives: active regulation of DOAS, new low-capacity Diesel Genset, planting 867 trees
  • Participation in The Shard's environmental initiatives (recycling, zero landfill policy, Cycle to Work scheme)

Social Achievements

  • Launched employee engagement survey (WeThrive) with positive results
  • Introduced 6-month induction process for MD&T
  • Hosted engagement events and promoted CSR initiatives in MD&T
  • Developed a new Learning and Development framework in MD&T
  • Formed Dods Social and Wellbeing Committee
  • Implemented a new performance appraisal process
  • Donated tablets and laptops to employees' children
  • Supported two children's charities in Chennai
  • Funded two young Chennai-based sailors for the Tokyo Olympics

Governance Achievements

  • Applied the QCA Code for corporate governance
  • Established Audit, Remuneration, and M&A Committees
  • Regularly consults with Nominated Advisor (Canaccord Genuity)

Climate Goals & Targets

Environmental Challenges

  • Market changes leading to obsolete technology or services
  • Macro-economic downturn, inflation, or geopolitical tensions
  • Customer dissatisfaction and/or loss of significant customers
  • Data security; loss of data, including customer data; cyber attack
  • Difficulty in hiring sufficiently qualified staff, staff turnover, and/or loss of critical talent
  • War in Ukraine and uncertainty in the UK political landscape negatively impacting media advertising
Mitigation Strategies
  • Continued investment in technology and skilled resources (re-platforming of political intelligence product)
  • Focus on delivering products and services that help customers achieve objectives regardless of economic climate
  • Strengthened cost control procedures
  • Regular customer satisfaction surveys and dedicated account management teams
  • Diverse customer base
  • Effective data management systems and policies, intrusion detection software, regular VAPT regime, ISO27001 and Cyber Essentials certifications
  • Competitive remuneration and incentive arrangements, employee engagement initiatives, comprehensive retention and recruitment incentives in India
  • Data-driven marketing strategy, increased focus on higher-value content deals, increased sales efforts to European customers

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Best D&I Initiative at The British Media Awards

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:289 tCO2e
Scope 2 Emissions:198 tCO2e
Total Energy Consumption:1,363 MWh

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Planted 904 trees in FY23 (one for each employee and new joiners)
  • Reduced UK office footprint by 80%

Social Achievements

  • Achieved Great Place to Work accreditation in India (93% completion rate, 72% employees nominating the company)
  • Recognised as one of the ‘25 Safest Places to Work for Women in India’
  • Launched a new benefits package for UK staff (enhanced family leave, annual leave rewarding length of service, flexible working)
  • Partnership with Social Mobility Foundation (SMF) for student placements
  • Raised and matched £4,000 for Turkey/Syria earthquake victims
  • Implemented a new performance management process for UK staff

Governance Achievements

  • Compliance with the Corporate Governance Code for Small and Mid-Size Quoted Companies (2018) produced by the Quoted Companies Alliance (QCA Code)
  • Established a Risk and Governance Committee

Climate Goals & Targets

Environmental Challenges

  • Collecting reliable emissions data across all territories
  • Macro-economic uncertainties (inflationary pressures)
  • Currency exchange risk affecting consolidated results
  • Employee attrition risk
Mitigation Strategies
  • Focus on emissions from purchased electricity (Category 2) initially, with plans to report on all categories in future years
  • Active management of finance risks, consulting with the Audit Committee and external experts
  • Managing currency risk through foreign exchange contracts and natural hedges
  • Focused approach to cost management to mitigate inflation
  • Multi-channel recruitment, robust performance management, learning and development programs, and strengthening employer branding to improve retention

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Great Place to Work accreditation
  • One of the ‘25 Safest Places to Work for Women in India’