TPXimpact Holdings plc
Climate Impact & Sustainability Data (2021-2022, 2024)
Reporting Period: 2021-2022
Environmental Metrics
Total Carbon Emissions:2742 tCO2e/year
Scope 1 Emissions:3.84 tCO2e/year
Scope 2 Emissions:36.04 tCO2e/year
Scope 3 Emissions:2702.22 tCO2e/year
Renewable Energy Share:29%
Carbon Intensity:34.28 tCO2e/£1m revenue
ESG Focus Areas
- People
- Planet
- Community
- Prosperity
Environmental Achievements
- 8% reduction in CO2 emissions per £1m revenue
- 40% decrease in Scope 1 emissions (from 6.41 tCO2e to 3.84 tCO2e)
- 82% of UK electricity usage from renewable energy suppliers
Social Achievements
- Launched a new employee value proposition with increased holiday, flexible work, enhanced parental leave, and volunteer days
- Increased minority ethnic representation by 38% (13% to 19%)
- Launched Employee Resource Groups (ERGs) for women, Origins (ethnic minorities), and LGBTQI+
- Launched a board mentoring programme to support diverse talent
- Kickstarted 686 careers through various initiatives
Governance Achievements
- Published a Fair Tax policy
- Introduced a framework for handling controversial sectors to ensure client alignment with values
- Linked executive compensation to DEI metrics
Climate Goals & Targets
Long-term Goals:
- Science-based targets aligned with the Science Based Targets Initiative Net-Zero Standard
Medium-term Goals:
- Kickstart 5,000 digital careers by 2025
Short-term Goals:
- Half all gaps from FY2021 DEI benchmark by 2025
Environmental Challenges
- Employee turnover stood at 30.6%
- Decrease in employee satisfaction and wellbeing scores
- Increased gender and ethnic pay gaps
- Lack of progress in diversifying senior leadership
- Increased Scope 2 emissions due to factors like increased electricity usage and inclusion of contractor emissions
Mitigation Strategies
- New employee value proposition to improve retention and satisfaction
- Focus on recruiting and retaining diverse senior people
- Investing in diverse talent pipelines
- Addressing emissions increases through decarbonizing energy sources and refining emissions calculation methodologies
- Implementing initiatives to improve inclusion and belonging
Supply Chain Management
Responsible Procurement
- Requesting DEI data from potential acquisition targets
- Working to decrease the annual growth in purchased goods and services emissions
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, TCFD, GHG Protocol, SASB, WEF
UN Sustainable Development Goals
- SDG 8
Focus on targets 8.1, 8.4, 8.5, and 8.6
Awards & Recognition
- BIMA 10 Award
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:1292 tCO2e
Scope 1 Emissions:2.77 tCO2e
Scope 2 Emissions:22.48 tCO2e
Scope 3 Emissions:1266.8 tCO2e
Renewable Energy Share:100%
Carbon Intensity:15.33 tCO2e/£1m revenue
ESG Focus Areas
- People
- Places
- Planet
Environmental Achievements
- All offices now run on electricity entirely from renewable sources.
- Like-for-like carbon intensity decreased by over 15% to 15.33 tCO2e/£1m of revenue and by over 11% to 2.45 tCO2e/FTE.
- Improved MSAT (Modern Slavery Assessment Tool) score to 70% from 43%.
Social Achievements
- Achieved B-Corp Certification in January 2024.
- Staff retention rates improved to 88% from 84%.
- Narrowed median gender pay gap to 8% from 14%.
- Overall female representation increased to 51%, senior female representation to 40%.
- Overall minority ethnic representation increased to 22%.
- Employee inclusion survey scores rose to 74% from 72%.
- Pulse survey score increased to 7.4 from 6.7 (goal is 7.5 or more).
Governance Achievements
- Secured or renewed Cyber Essentials+, ISO9001, ISO27001, ISO14001, and ISO45001 certifications.
- Simplified business structure into three core businesses.
- ESG Committee actively involved in setting ESG strategy and overseeing reporting.
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050.
Medium-term Goals:
- Reduce GHG emissions (Scope 1, 2, and 3) by 52% by 2030.
- Achieve 10-15% like-for-like revenue growth and 2-3% improvement in Adjusted EBITDA margins in FY25.
Short-term Goals:
- Achieve 90% MSAT score next year.
Environmental Challenges
- Reduced spending from core client base in the charitable sector.
- Reduced spend in the commercial healthcare sector.
- Challenges at RedCortex business, including reductions in spend in the health sector in Wales.
- Scope 3 emissions remain a focus area.
- Increased cost of workforce due to inflationary pressures.
- Increased compliance risk due to scale and larger public sector contracts.
Mitigation Strategies
- Sold non-core overseas businesses to repay debt and simplify structure.
- Integrated RedCortex and Data & Insights capabilities under Digital Transformation leadership.
- Strengthened procurement and sustainability team to improve grasp of supply chain.
- Pricing of new business proposals and review of rate cards to account for inflation.
- Improved internal business information tools and management processes.
- Maturing central operations model to manage compliance risks.
- ISO compliant business management system to embed internal control procedures.
Supply Chain Management
Supplier Audits: Implemented modern slavery risk assessments for suppliers.
Responsible Procurement
- Code of conduct
- Supplier sustainability requirements
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather
- Heatwaves
Transition Risks
- Regulatory changes
- Carbon pricing
- Shifts in consumer or employee sentiment
Opportunities
- Increased demand for support to transition to low carbon infrastructure
Reporting Standards
Frameworks Used: GRI, TCFD
Certifications: B Corp, ISO 9001, ISO 27001, ISO 14001, ISO 45001
UN Sustainable Development Goals
- Goal 8: Decent Work and Economic Growth
Awards & Recognition
- 2024 Small Cap Award for Diversity, Inclusivity and Engagement
- 2023 Bronze BIMA award for User-centric digital transformation