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’