CAB Payments Holdings plc

Climate Impact & Sustainability Data (2023, 2024-01 to 2024-06)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1721.5 tCO2e/year (2023)

Scope 1 Emissions:42.9 tCO2e/year (2023)

Scope 2 Emissions:62.3 tCO2e/year (2023)

Scope 3 Emissions:1616.3 tCO2e/year (2023)

ESG Focus Areas

Governance
Our People
Community
Environment
Clients

Environmental Achievements

Achieved carbon neutrality by offsetting all emissions year on year.
Aimed for a 5% annual reduction in emissions per £million turnover since 2019.

Social Achievements

Achieved an 85% employee engagement score.
Launched a mentoring program with 16 partnerships in 2023.
Achieved 50% ethically diverse employment and 40% female employment.
60% female Board representation.

Governance Achievements

Established an ESG Board Sub-Committee and an ESG Steering Committee.
Updated Articles of Association to include stakeholder-centric decision-making.
Achieved B Corp Certification with 84.2 points.

Climate Goals & Targets

Long-term Goals:

Achieve net-zero emissions by 2050.

Medium-term Goals:

By 2030, ensure employees represent the diversity of the geographies we work across.
By 2030, broaden the impact of our work ensuring more people have equal rights to financial services.
By 2030, address our impact on the planet across our value chain.
By 2030, embed a clear governance structure.

Short-term Goals:

Develop net-zero plan and align with SBTi by 2025.
Have over 700 cumulative hours volunteered per year by employees by 2025.
Have over 30% female representation at senior management by 2025.
Have over 45% female representation across CAB Payments by 2025.

Environmental Challenges

Reducing carbon emissions in line with targets while experiencing fluctuations due to the pandemic.
Managing change, clarity and connection to the direction and vision of CAB (based on employee feedback).

Mitigation Strategies

Developing a net-zero plan and aligning with the Science-Based Targets initiative (SBTi).
Action planning sessions across the organization to address employee feedback on managing change, clarity and connection to the direction and vision of CAB.

Supply Chain Management

Responsible Procurement

Developed an ESG scoring and rating system for our supply chain, embedded in our supplier code of conduct.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: B Corp

Certifications: B Corp

UN Sustainable Development Goals

1, 5, 8, 10, 12, 13, 16

CAB Payments is fully committed to contributing to the SDGs, we have aligned our ESG strategy to ﬁve goals which support achieving seven of the SDGs (1, 5, 8, 10, 12, 13 and 16).

Awards & Recognition

EcoVadis Gold Award (2023)

Reporting Period: 2024-01 to 2024-06