Adam Smith International
Climate Impact & Sustainability Data (2022-07 to 2023-07, 2024)
Reporting Period: 2022-07 to 2023-07
Environmental Metrics
ESG Focus Areas
- Governance
- Workers
- Community
- Environment
- Customers
Environmental Achievements
- Commenced partnership with Inhabit to develop a Net Zero Action Plan; improved data collection accuracy.
Social Achievements
- Launched Mental Health First Aiders (MHFA) course for UK and Africa staff; enhanced Security Awareness in Fragile Environments (SAFE) programme; launched refreshed ASI Professional Development Scheme; introduced a one-off ‘cost of living payment’.
Governance Achievements
- Successfully recertified as a B Corp in June 2023; achieved one of the highest scores in the 'customers' category; successfully achieved re-accreditation for ISO 9001 and ISO 14001; undertook a rigorous revision of its Code of Conduct.
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero emissions (by 2050).
Medium-term Goals:
- Achieve net-zero emissions target in line with the Science-based Targets Initiative (by 2030).
Short-term Goals:
- Develop and implement Net Zero Action Plan; revise environment policy; evaluate and enhance supplier partnerships with a focus on environmental stewardship.
Environmental Challenges
- More rigorous B Corp recertification standards; change in ownership structure; limited options for clean energy and transport in operating locations; constraints on resources and personnel hindering supply chain initiatives; delays in implementing new records system for due diligence.
Mitigation Strategies
- Re-evaluating environmental strategies to exceed B Corp requirements; transition to an employee benefit trust to reinvest profits into workforce programs; identifying and targeting areas for significant improvement in B Corp score; deepening understanding of supply chains and implementing advanced information management systems; synergising with clients for supply chain advancements.
Supply Chain Management
Responsible Procurement
- Preferential procurement pilot for suppliers from marginalised communities (partially implemented).
Climate-Related Risks & Opportunities
Physical Risks
- Erratic rain patterns and urban flooding (Lahore, Pakistan)
Reporting Standards
Frameworks Used: B Corp
Certifications: ISO 9001, ISO 14001
Awards & Recognition
- Best for the World Awards (Workers and Customers, 2021 and 2022)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Governance
- Workers
- Community
- Environment
- Customers
Environmental Achievements
- Net-Zero Plan in final stages of development, committing to reducing absolute scope 1 and 2 GHG emissions by 42% by 2030 and 90% by 2050 from a 2022 base year.
- Partnership with Toby Gregory for initiatives like Row to COP and The Plastic Pledge.
Social Achievements
- Launched Women in Leadership Sponsorship Programme.
- Increased female staff representation in Pakistan to 48%.
- Emerging Talent Programme in collaboration with Talent Tap.
- Partnership with InTravel Group, supporting Indigenous employment and development.
Governance Achievements
- Integrated Environmental and Social Impact report into board reporting.
- Successfully recertified as a B Corp with an overall score of 115.3.
Climate Goals & Targets
Long-term Goals:
- Reduce carbon emissions by 90% by 2050.
Medium-term Goals:
- Reduce absolute scope 1 and 2 GHG emissions by 42% by 2030.
Short-term Goals:
- Structured Programme Reviews for at least 10 programmes.
- Aggregate and quantify more customer impact from across programmes.
- Enhance tools available for programme delivery to drive customer impact.
Environmental Challenges
- Global challenges including political instability, economic uncertainty, and climate change impacts.
- Data collection accuracy and consistency across offices.
- Gender disparity within ASI.
Mitigation Strategies
- Implementing structured programme reviews, aggregating customer impact, and enhancing tools for programme delivery.
- Improving data collection methods and standardising methodologies.
- Targeting female candidates during recruitment and launching the Women in Leadership Sponsorship Programme.
Supply Chain Management
Responsible Procurement
- Increased focus on working with local and national suppliers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: B Impact Assessment
Certifications: Certified B Corporation
Awards & Recognition
- Best for the World Awards (Customers and Workers)