Climate Change Data

CPPGroup Plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1,131.5 tCO2e/year (location based)
Scope 1 Emissions:48.9 tCO2e/year
Scope 2 Emissions:4850.0 tCO2e/year
Scope 3 Emissions:5272.5 tCO2e/year
Carbon Intensity:5.8 tCO2e/£’m revenue

ESG Focus Areas

  • Consumer resilience
  • Empowering colleagues
  • Responsible business
  • Technological innovation

Environmental Achievements

  • Conducted baseline carbon emission calculations in FY23 to improve understanding of environmental impact of operations.
  • Proactively manage office-based consumption through renewable energy sources in our Leeds office, and energy saving modes for lighting, lower energy consumption laptops and workstations, recycling bins and hybrid working throughout the Group.

Social Achievements

  • Quarterly All-Colleague Q&A calls with the Group’s Executive Management Committee.
  • Group-wide intranet for communication.
  • Support for colleagues through the implementation of the CMP.
  • Long service celebrations across the Group.

Governance Achievements

  • Creation of an ESG Committee to identify material and climate-related risks and opportunities.
  • Robust systems of governance and controls to ensure transparency and integrity in decision making.
  • Whistleblowing mechanism in place.

Climate Goals & Targets

Long-term Goals:
  • Migrate towards a digitally focused parametric business, led by Blink and supported by CPP India and CPP Turkey by 2026.
Medium-term Goals:
  • Completion of the CMP by 2025.
  • Continued investment in Blink.
Short-term Goals:
  • Completion of the operational scalability programme for Blink in Q1 2024.
  • More than double Annual Recurring Revenues over 2023 levels for Blink.
  • Delivery of Phase 2 of the new IT platform for CPP India in spring 2024.
  • Decommissioning of legacy IT platforms in H1 2024.

Environmental Challenges

  • Currency headwinds in India and Turkey.
  • Softening of margins in India due to growth of lower margin products.
  • Global tech downturn impacting Globiva.
  • Decline in Legacy businesses.
  • Allegations made against a shareholder.
  • Adverse currency movements in the rupee and lira.
Mitigation Strategies
  • Change Management Programme (CMP) to exit Legacy operations and migrate towards a digitally focused parametric business.
  • Investment in Blink.
  • Product diversification in India and Turkey.
  • Cost management in Turkey.
  • Phased divestment of Globiva.
  • Post-period disposal of interest in KYND.
  • Monitoring and mitigating climate-related risks.

Supply Chain Management

Supplier Audits: Detailed due diligence of all key elements of our supply chain, further work in 2024 to standardise the process of rolling monitoring for key suppliers.

Responsible Procurement
  • Due diligence of key suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Net zero legislation and regulation
  • Decline in air travel market
Opportunities
  • Potential opportunities that climate change and the transition to a net zero world could bring.
  • New parametric product development due to extreme event insurance or new datasets.

Reporting Standards

Frameworks Used: TCFD

Awards & Recognition

  • Several industry awards for Blink.