Climate Change Data

Christie Group plc

Climate Impact & Sustainability Data (2009, 2023)

Reporting Period: 2009

Environmental Metrics

Social Achievements

  • Operates a Give As You Earn (GAYE) scheme for employees.
  • Committed to providing equality of opportunity to all employees regardless of nationality, ethnic origin, age, sex or sexual orientation and continues to be supportive of the employment and advancement of disabled persons.

Governance Achievements

  • The Directors are committed to delivering high standards of corporate governance to the Company’s shareholders and other stakeholders including employees, suppliers and the wider community.

Climate Goals & Targets

Environmental Challenges

  • Reduced transaction prices in the Professional Business Services division (16% to 34% fall from peak to trough).
  • Almost complete cessation of voluntary transactions in Professional Business Services.
  • Restricted availability of bank financing affecting transaction levels in all sectors.
  • Difficult year in the hospitality sector.
  • Lower consumer spending impacting leisure and retail sectors.
  • Reduced property values impacting small businesses.
  • Limited availability of viable credit insurance.
Mitigation Strategies
  • Prompt management action and cost management measures.
  • Reduced costs across the board in Professional Business Services (35.7% reduction).
  • Renewed emphasis on gaining new and realistic mandates.
  • Efficiency gains from new bespoke IT systems and new working practices in Stock & Inventory Systems & Services.
  • Renewed emphasis on client recruitment, retention and development in Stock & Inventory Systems & Services.
  • Increased capital expenditure in Stock & Inventory Systems & Services to take advantage of trends.
  • Streamlined operational systems to increase efficiency and reduce costs.
  • Initiatives to increase visibility with clients and potential clients (Regional Marketing Managers, e-mail marketing, internet-based marketing materials).
  • Developed stronger relationships with insolvency practitioners and lending/debt recovery teams.
  • Developed an increasing revenue stream from services supplied to not-for-profit organisations.
  • Launched new consultancy services (Business Support & Recovery Service, Sequential Site Appraisal Report, ‘Property Healthcheck’ Report).
  • Implemented measures to mitigate credit risk (reviewing credit terms and improving invoicing procedures).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1497.0 tCO2e/year
Scope 1 Emissions:63.2 tCO2e/year
Scope 2 Emissions:138.0 tCO2e/year
Scope 3 Emissions:887.7 tCO2e/year
Total Energy Consumption:6,317,109 kWh/year
Carbon Intensity:0.000023 tonnes CO2e per £ turnover

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced mileage completed in company vehicles in FY23 compared to FY22
  • Increased use of energy-efficient office spaces
  • Continuing decrease in the use of paper and other waste materials, and a continued focus on supporting appropriate recycling of business consumables

Social Achievements

  • Supporting employee wellbeing initiatives such as Employee Assistant Programmes and wellbeing platforms
  • Long-standing track record of supporting a variety of charitable endeavours

Governance Achievements

  • Comply with the Quoted Companies Alliance (QCA) Governance Code
  • Separation of the roles of Chair and Chief Executive

Climate Goals & Targets

Short-term Goals:
  • Reduce carbon footprint by changing the way teams work and travel
  • Increase use of energy-efficient office spaces
  • Decrease use of paper and other waste materials

Environmental Challenges

  • Sharp decline in transaction volumes in main agency business due to rising interest rates and decline in business confidence
  • Departure of Wilko retail chain impacting Orridge business
  • High market-driven salary inflationary levels increased cost base
  • Increased business distress activity (around 10% of agency instructions in 2023)
Mitigation Strategies
  • Retained and invested in PFS division workforce
  • Streamlined cost base in UK retail stocktaking business after Wilko's administration
  • Exited Finland operation due to geopolitical landscape
  • Completed the exit from the legacy office of now-ceased Canadian ticketing software activities
  • Elimination of pension deficits on both defined pension schemes
  • Multiple new relationships with specialist lenders, challenger banks and funds

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SECR, ESOS, TCFD

Awards & Recognition

  • Property Consultant of the Year at the LaingBuisson Awards 2023