Climate Change Data

AAB Group

Climate Impact & Sustainability Data (2022-04 to 2023-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:740 tCO2e/year
Scope 1 Emissions:102.47 tCO2e/year
Scope 2 Emissions:180.84 tCO2e/year
Scope 3 Emissions:457.49 tCO2e/year (partial)
Total Energy Consumption:561 MWh (Aberdeen) + estimates for other offices
Waste Generated:Confidential waste: Aberdeen 1,840kg, Edinburgh 300kg, Leeds 1,125kg (estimate), Belfast 1,300kg, Newry 8,812kg, Dublin 1,940kg, Mallusk 130kg, Dungannon 1,300kg; other waste data incomplete

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Calculated Scope 1, 2, and partial Scope 3 carbon emissions (740 tCO2e)
  • Invested in a UK-based carbon reduction and biodiversity project (Make It Wild)
  • Established a Group-wide ESG framework and appointed Environmental Champions in each office
  • Collected energy usage data across offices (though frequency varies)

Social Achievements

  • Collected demographic data to support D&I initiatives
  • Created two team member resource groups (LGBTQ+ and working families)
  • Exceeded charitable connection target (114 vs. 50), raising £28,279
  • Provided 24 average training hours per employee

Governance Achievements

  • Set up a quarterly ESG reporting programme feeding into the board
  • Established a Group-wide ESG framework
  • Updated Anti-Fraud & Corruption policy to include managing potential Corporate Criminal Offences
  • Achieved ISO 27001:2013 and Cyber Essentials Plus certifications

Climate Goals & Targets

Long-term Goals:
  • Work towards greater board diversity
  • Introduce guidelines and procedures for a nominations committee
Medium-term Goals:
  • Complete independently verified carbon assessment of Scope 1, 2 & 3 emissions
  • Complete energy surveys across representative number of sites
  • Ensure policies, procedures and reporting processes remain relevant and consistent across the group
Short-term Goals:
  • Undertake at least two onsite surveys to identify energy-saving opportunities
  • Review energy contracts to encourage renewable sources
  • Investigate potential for onsite renewable energy sources

Environmental Challenges

  • Rapid growth and M&A activity hindered completion of tasks like supply chain engagement and data verification
  • Gathering and verifying ESG data from new entities was challenging
Mitigation Strategies
  • Engaged and passionate ESG team structure across all offices to support each other in tackling ESG challenges

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Flooding
  • Fires
  • Excessive heat
  • Energy reliability
Transition Risks
  • Regulatory changes
  • Market shifts

UN Sustainable Development Goals

  • Goal 4: Quality Education
  • Goal 10: Reduced Inequalities
  • Goal 12: Responsible Consumption and Production

AAB's contributions to these goals are detailed in the report (e.g., training programs, charitable initiatives, waste reduction efforts)

Awards & Recognition

  • Investors in Young People Gold Award