Teneo Holdings LLC and its affiliates
Climate Impact & Sustainability Data (2023, 2024-06 to 2026-12)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:14543.1 tCO2e
Scope 2 Emissions:517.1 tCO2e
Scope 3 Emissions:14026.0 tCO2e
ESG Focus Areas
- Climate Change
- Diversity & Inclusion (DE&I)
- Governance
- Social Capital
- Human Capital
Environmental Achievements
- Achieved a Bronze Medal from EcoVadis, placing the company in the top 35% globally.
- Moved into new headquarters in London, creating a 61% carbon saving by choosing refurbishment over a complete rebuild.
Social Achievements
- Conducted annual employee engagement survey (78% response rate) and individually reviewed 8,900 comments.
- Launched a flagship accelerator program for newly appointed Senior Managing Directors.
- Introduced the Inclusive Culture Council to advise leadership on policies and practices around culture and DE&I.
- In the UK alone, provided pro bono services to charity partner Tommy’s and School for Social Entrepreneurs totaling more than £300,000.
- Received the 2023 Read Ahead Gala Award in New York in recognition of the efforts of 40 weekly volunteers and eight years of consecutive partnership.
Governance Achievements
- Require employees to adhere to a comprehensive AI Code of Ethics ensuring that the use of AI is ethical and in line with current regulations.
- Received a SOC-2 third-party certification confirming that Teneo has implemented responsible and effective data controls and policies.
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050
Medium-term Goals:
- Iterate emissions reduction action plan according to refined assessment of footprint (2025)
- Set short- and medium-term emissions reduction science-based targets based on 2024 footprint and agree on methodology for tracking progress (2025)
- Implement key identified actions (2025)
Short-term Goals:
- Improve emissions assessment to reach a comprehensive understanding of footprint (2024)
- Implement key short-term reduction activities – Supplier engagement – Employee commuting survey (2024)
Environmental Challenges
- Increase in total annual emissions (c.13.7%) from 2022 to 2023, primarily due to business growth.
Mitigation Strategies
- Enhanced data collection process to provide a robust understanding of our emissions footprint and inform the development of a comprehensive action plan to reduce our impact.
- Implementation of a new expense policy aimed at reducing unnecessary business travel.
- Supplier engagement to gather supplier-specific information on emissions.
- Prioritizing ESG requirements in procuring new office spaces (e.g., energy efficiency ratings).
Supply Chain Management
Responsible Procurement
- Strengthened requirements for new vendors, subcontractors and partners.
- Promoting environmental responsibility and energy conservation with partners.
- Requiring key suppliers to disclose carbon emissions and reduction plans.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, GRI, UN SDGs, TCFD
Certifications: SOC-2
Awards & Recognition
- EcoVadis Bronze Medal
- 2023 Read Ahead Gala Award
- VERCIDA’s People’s Choice award for LGBTQ+ advocacy
Reporting Period: 2024-06 to 2026-12
Environmental Metrics
ESG Focus Areas
- Sustainability
Climate Goals & Targets
Environmental Challenges
- Stricter regulation on sustainability and safety
- Industry-wide supply chain issues
- Labour shortages
- Geopolitical conflicts
- Cost-of-living pressures impacting consumer spending
- Concerns around sustainability and safety affecting consumer behavior
- Companies becoming more selective about business travel
Mitigation Strategies
- Airlines adding capacity through commercial partnerships
- Airlines employing cost-cutting measures
- Companies using AI to optimize business trips
- Companies combining business and leisure travel
Supply Chain Management
Climate-Related Risks & Opportunities
Transition Risks
- Regulatory changes
- Market shifts