Waterman Group Plc
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:9313.1 tCO2e/year
Scope 1 Emissions:130.6 tCO2e/year
Scope 2 Emissions:276.4 tCO2e/year
Scope 3 Emissions:8906.1 tCO2e/year
ESG Focus Areas
- Climate Change
Environmental Achievements
- Scope 1 carbon emissions reduction of 144.0 tCO2e (52%) against the 2019 baseline
- Scope 2 emissions reduction of 95.3 tCO2e (26%) against the 2019 baseline
- Reduction of Business Travel emissions by 477.4 tCO2e (43%) against the 2019 baseline
- Reduction of Employee Commuting emissions by 601.7 tCO2e (43%) against the 2019 baseline
Social Achievements
- Launched a salary sacrifice car lease scheme to support employees in choosing low- or zero-emission vehicles
- Empowering flexible working patterns to reduce overall emissions from employee commuting and home working
Governance Achievements
- Targets validated by the Science Based Targets initiative (SBTi)
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2050
Medium-term Goals:
- 80% reduction of Scope 1 and 2 emissions, and 50% reduction of Scope 3 emissions based on a 2019 baseline by 2030
Environmental Challenges
- Overall Scope 3 emissions increased by 1,153.8 tCO2e (15%) against the 2019 baseline, primarily due to increased Purchased Goods and Services and homeworking emissions.
- Limitations in current spend-based method for estimating emissions from Purchased Goods and Services may not accurately represent the true position of carbon footprint and emission reduction efforts.
Mitigation Strategies
- Engaging with the supply chain to develop a more accurate measure of emissions including direct data from suppliers and encouraging them to set their own carbon reduction targets.
- Recalculating base year emissions and subsequent progress in the next two years to provide a more accurate estimate of Scope 3 emissions.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Greenhouse Gas (GHG) Protocol Corporate Standard, Corporate Value Chain (Scope 3) Standard