Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Launched AdGreen, a green certification scheme for advertising production.
• Many agencies and companies have taken steps to work more sustainably, including switching to renewable energy and reducing travel.

Social Achievements

• Not disclosed

Governance Achievements

• Established Ad Net Zero initiative to coordinate industry-wide climate action.

Climate Goals & Targets

Environmental Challenges

• High carbon footprint from business travel (especially flights) and energy usage.
• Difficulty measuring and reducing emissions from advertising production.
• Need to influence consumer behavior towards more sustainable choices.

Mitigation Strategies

• Developed Ad Net Zero action plan with five key areas: reducing operational emissions, curbing emissions from advertising production, reducing emissions from media planning & buying, curbing emissions through awards and events, and harnessing advertising’s power to support consumer behavior change.
• Launched AdGreen to provide tools and training for sustainable advertising production.
• Encouraging adoption of the IPA Media Futures Group’s Climate Charter for media planning and buying.
• Challenging industry awards bodies to incorporate sustainability criteria into judging.
• Promoting initiatives like #ChangeTheBrief to encourage sustainable solutions in campaign briefs.
• Working with government to support climate action and consumer behavior change.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Working with suppliers to secure support for green policies (e.g., on travel and procurement).
• Seeking to work with organisations that have proven green credentials.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes

Opportunities

• Development of energy-efficient products and services
• Cost savings from reducing emissions

Reporting Standards

Frameworks Used: Science Based Targets initiative, TCFD

Certifications: AdGreen, ISO 14001, BCorp, CarbonNeutral, LEED, BREEAM, ISO 50001

Third-party Assurance: Green Element

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• AdGreen tools and resources
• IPA Media Futures Group’s Climate Charter

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility (CSR)
• Advertising Standards
• Marketing Communications

Social Achievements

• Facilitated pledges by food and beverage companies to limit advertising exposure to children, helping prevent child obesity.
• Monitored environmental claims in advertising to ensure fair competition and prevent greenwashing.

Governance Achievements

• Developed and enforced self-regulatory advertising standards through SROs, promoting responsible advertising practices.

Climate Goals & Targets

Environmental Challenges

• GRI Standards' general phrasing on marketing communications non-compliance, lacking specific requirements on advertising self-regulation adherence.

Mitigation Strategies

• Initiating dialogue with GRI and CSR community to improve sustainability reporting by including indicators on company adherence to advertising standards and self-regulation systems.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Environmental Metrics

ESG Focus Areas

• Climate Change

Climate Goals & Targets

Environmental Challenges

• High greenhouse gas emissions from the food and beverage sector (approximately one-third of global anthropogenic GHG emissions), primarily from land use change and agriculture.
• Difficulty in achieving ambitious emissions reduction targets without commensurate actions in company operations and supply chains.
• Complex and diverse supply chains spanning many countries and regions, with varying local political contexts.

Mitigation Strategies

• Developing a series of Global Sector Strategies to accelerate sectoral decarbonization.
• Providing guidance on how investors can help accelerate necessary shifts in strategy and investments by companies to align with net zero.
• Recommending investor expectations for corporate action, including integrating supply chain climate action, incentivizing sustainable agricultural practices, aligning capital expenditures, transitioning to renewable energy, improving processing and packaging, and partnering with stakeholders.

Supply Chain Management

Responsible Procurement

• Integrating climate action into corporate decision-making processes and procurement policies and standards.
• Incentivizing and supporting agricultural producers to reduce climate impact and enhance carbon sequestration.
• Aligning capital expenditures with a 1.5-degree scenario.
• Transitioning to more efficient and renewable energy use and transportation.
• Improving processing, manufacturing, and packaging practices.

Climate-Related Risks & Opportunities

Physical Risks

• More extreme weather events and natural disasters
• Shifting production zones
• Increased variability in the availability and quality of key commodity inputs

Transition Risks

• Stranded assets
• Market changes
• Regulatory changes
• Reputational risks
• Litigation

Opportunities

• Developing new product lines that align with shifts in societal preferences towards more sustainable and lower carbon products.
• Reducing operational costs related to food and beverage processing and manufacturing.
• Mitigating transportation-related emissions by optimizing distribution strategies.

Reporting Standards

Frameworks Used: TCFD, SBTi

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Waste
• Deforestation
• Plastics & Packaging
• Water Stewardship

Environmental Achievements

• Reduced Scope 1 emissions by 57.53% between FY19 and FY22
• Reduced Scope 2 emissions by 81.65% between FY19 and FY22
• Reduced Scope 3 emissions (within SBTi target boundary) by 6.39% between FY19 and FY22
• Achieved 100% renewable electricity by 2022
• Achieved a 6.46% absolute emissions reduction (Scope 1, 2, & 3) between FY19 and FY22
• Removed 154 million pieces of single-use plastic
• Eliminated expanded polystyrene (EPS)

Social Achievements

• Donated 256,994 meals in FY22 through charity partners
• Converted 789,631 liters of cooking oil into biodiesel
• Launched partnership with global grassroots movement, Incredible Edible
• Launched Climate Net Zero Hub and Climate Net Zero Toolkit
• Created bespoke sustainability module for chefs’ training programme
• Hosted 6th annual Stop Food Waste Day

Governance Achievements

• Appointed Chief Climate and Sustainability Advisor
• Appointed Director for Delivery of Net Zero
• Developed sector-specific Climate Action Plans
• Science-based targets validated by the Science Based Targets initiative (SBTi)

Climate Goals & Targets

Environmental Challenges

• Data collection and analysis
• Deep decarbonisation in a complex business
• Measuring biodiversity impact
• Finding solutions for hard-to-recycle materials
• Commercial viability of sustainable packaging at scale
• Determining water footprint and reducing impact
• Deforestation remains one of the least requested areas of information

Mitigation Strategies

• Developing data management systems
• Prioritizing emissions reduction hotspots
• Enlisting specialist expertise
• Developing sector-specific Climate Action Plans
• Working with clients on collaborative solutions
• Supporting research to develop improved metrics
• Investigating and testing innovative sustainable materials
• Working with waste management partners
• Developing an integrated water stewardship strategy
• Data Charter to ensure targeting of suppliers and categories in order of materiality

Supply Chain Management

Responsible Procurement

• Sustainable seafood sourcing
• Sustainable palm oil procurement
• Deforestation-free soy
• Responsible sourcing of beef, coffee, cocoa, paper, timber, maize/corn, rubber

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol Corporate Standard, Science Based Targets initiative (SBTi)

Awards & Recognition

• Contract Caterer of the Year
• Best Closed Loop Project
• Best Waste Reduction Technology Award

Environmental Metrics

ESG Focus Areas

• Climate Change Mitigation
• Climate Change Adaptation
• Just Transition
• Environmental Sustainability
• Social Development
• Greening the Financial System

Environmental Achievements

• Exceeded climate action targets every year since 2015, supporting over €150 billion in climate action projects from 2012-2019 (including over €20 billion in developing countries). Increased proportion of financing for climate action from 25% in 2014 to 31% in 2019.
• Launched a Climate Risk Assessment (CRA) system in 2019 to systematically screen new investment projects for climate change vulnerability.

Social Achievements

• Supported the transition and economic restructuring of former coal and carbon-intensive regions.
• Solid track record in supporting cohesion policy, aiming to leave no one behind in the transition.

Governance Achievements

• Commitment to align all financing activities with the principles and goals of the Paris Agreement by the end of 2020.
• Developed a comprehensive alignment framework for EIB Group financing, advisory, and treasury operations.

Climate Goals & Targets

Environmental Challenges

• Insufficient global investment in natural capital.
• Significant innovation in low-carbon technologies still required.
• Need for new business models to drive deployment and reduce the cost of the transition.
• Ensuring a just transition for all.
• Managing climate-related risks (physical and transition risks).

Mitigation Strategies

• Gradually increasing the share of finance dedicated to green investment to over 50% by 2025 and beyond.
• Identifying 12 focus areas for EIB finance, including the just transition.
• Developing an alignment framework to put the commitment to Paris Agreement alignment into practice.
• Introducing a Climate Risk Assessment (CRA) system.
• Developing counterparty alignment guidelines.
• Increasing the EIB shadow cost of carbon to be consistent with the temperature goals of the Paris Agreement.

Supply Chain Management

Responsible Procurement

• Green Public Procurement

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Droughts
• Heatwaves

Transition Risks

• Stranded assets
• Policy changes
• Market shifts

Opportunities

• Development of energy-efficient products and technologies
• Investment in climate resilience

Reporting Standards

Frameworks Used: Paris Agreement, EU Taxonomy, MDB Paris alignment framework, TCFD

Certifications: EMAS

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)

Supporting the transition to a low-carbon, climate-resilient and environmentally sustainable economy.

Sustainable Products & Innovation

• Green bonds
• Green loans
• Climate-resilient technologies

Environmental Metrics

ESG Focus Areas

• Environmental
• Social

Climate Goals & Targets

Environmental Challenges

• Misleading environmental claims in advertising
• Socially irresponsible advertising related to the environment

Mitigation Strategies

• Providing guidance on interpreting advertising codes to avoid misleading or socially irresponsible environmental claims
• Establishing principles for assessing environmental claims based on ASA rulings and CMA guidance
• Clarifying the meaning of terms like "carbon neutral" and "net zero"
• Emphasizing the need for substantiation of environmental claims
• Addressing the full lifecycle of products in environmental claims
• Considering consumer understanding of green disposal claims

Supply Chain Management

Climate-Related Risks & Opportunities