Climate Change Data

Moneysupermarket Group PLC

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:120.77 tCO2e/year
Scope 1 Emissions:91.42 tCO2e/year
Scope 2 Emissions:9.8 tCO2e/year
Scope 3 Emissions:19.55 tCO2e/year
Renewable Energy Share:100% (target by 2030)
Total Energy Consumption:1,142,290 kWh/year
Carbon Intensity:0.28 tCO2e/£m revenue

ESG Focus Areas

  • Climate Change
  • Social Responsibility
  • Governance

Environmental Achievements

  • Offset 100% of carbon emissions
  • Achieved official approval from the Science Based Targets initiative (SBTi) for ambitious targets: 91% reduction in scope 1 and 2 GHG emissions by 2030, 100% renewable electricity by 2030, and 58.8% reduction in scope 3 emissions by 2033.

Social Achievements

  • Donated over £136k to CALM (Campaign Against Living Miserably)
  • Ran the ‘Big MONY Workshop’ focusing on personal financial wellbeing for employees.
  • Ranked first in the Technology sector on the FTSE Women Leaders Review report; ranked fifth in The Inclusive Top 50 UK Employers list

Governance Achievements

  • Updated Risk Committee to Risk and Sustainability Committee
  • Implemented Consumer Duty requirements
  • Appointed Sarah Warby as Group’s FCA Consumer Duty Champion

Climate Goals & Targets

Long-term Goals:
  • Net Zero emissions by 2050
Medium-term Goals:
  • Achieve Net Zero emissions by 2050
Short-term Goals:
  • Operational Net Zero by 2030

Environmental Challenges

  • Energy switching market remained subdued
  • High inflation and interest rates impacting consumer spending
  • Increased competition in the price comparison market
Mitigation Strategies
  • Diversified business across a range of products
  • Efficient acquisition and retain and grow strategies
  • Continued investment in technology and data capabilities

Supply Chain Management

Responsible Procurement
  • Supplier sustainability requirements
  • Governance, risk and compliance tool for onboarding

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
  • Loss of employee productivity
  • One-off operational events
Transition Risks
  • Changes in consumer behavior
  • Changes in insurance requirements
  • Changes in car ownership
  • Changes in international travel
  • Reputational risks
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: TCFD, CDP, UNGC

Awards & Recognition

  • Ranked fifth in The Inclusive Top 50 UK Employers list
  • Ranked first in the Technology sector on the FTSE Women Leaders Review report