Climate Change Data

Reed & Mackay Holdings Ltd (Group)

Climate Impact & Sustainability Data (2022-2023)

Reporting Period: 2022-2023

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Diversity, Equity & Inclusion
  • Employee Wellbeing
  • Responsible Business Practices
  • Governance

Environmental Achievements

  • Committed to Science Based Targets initiative (SBTi) to achieve net-zero by 2050.
  • All company cars are now Hybrid Electric Vehicles.
  • London Head Office uses 100% renewable electricity.
  • Improved recycling processes at London Head Office with three new waste streams.
  • Partnership with 4ocean for ocean cleanup.

Social Achievements

  • Launched Global Aspire Leadership Academy.
  • Launched new onboarding program with DEI modules.
  • Extended Mental Health First Aiders globally.
  • Launched Menopause policy.
  • Mandatory DEI training for all employees.

Governance Achievements

  • Retained all four ISO certifications (9001, 27001, 14001, 22301).
  • Achieved EcoVadis Gold medal rating.
  • Implemented new Whistleblower policy.
  • Developed new Equity, Diversity & Inclusion policy.
  • Developed new Labour and Human Rights policy.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions by 2050.
Medium-term Goals:
  • Achieve ambitious climate goals aligned with the Paris Agreement.
  • Improve diversity and inclusion across the business.
  • Increase women's representation in leadership positions.
Short-term Goals:
  • Develop and submit near-term and net-zero targets to SBTi for validation.
  • Expand global carbon footprint data on Sweep platform, including Scope 3 categories.
  • Implement carbon literacy education across the business.
  • Improve supplier onboarding processes to include environmental due diligence.

Environmental Challenges

  • Increased business travel emissions due to post-COVID rebound.
  • Rapid growth leading to challenges in some areas.
  • Need to improve data collection for global carbon footprint.
  • Limited control over Scope 2 emissions due to leased properties.
Mitigation Strategies
  • Investment in Sweep SaaS carbon management platform.
  • Focus on influencing landlords to switch to renewable energy suppliers.
  • Development of science-based targets (SBTi).
  • Implementation of various initiatives to reduce emissions and improve data collection.

Supply Chain Management

Supplier Audits: 100% of onboarded suppliers aligned to Supplier Operating Principles; 17% completed environmental due diligence questionnaire.

Responsible Procurement
  • Supplier Operating Principles
  • Corporate Governance & Quality due diligence
  • Environmental due diligence for high-impact suppliers
  • Partnership with PinkSheep for sustainable merchandise.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and services.
  • Increased demand for sustainable travel solutions.

Reporting Standards

Frameworks Used: GRI, CDP, SBTi, UNGC

Certifications: ISO 9001, ISO 27001, ISO 14001, ISO 22301, EcoVadis Gold

Third-party Assurance: Alcumus ISOQAR, EcoVadis

UN Sustainable Development Goals

  • SDG 5: Gender equality
  • SDG 8: Decent work and economic growth
  • SDG 13: Climate action
  • SDG 17: Partnerships for the goals

Initiatives contribute to these goals through various programs and partnerships.

Sustainable Products & Innovation

  • Bespoke reporting dashboards for clients.
  • Integration of granular CO2 data into booking platform (partnership with Squake).

Awards & Recognition

  • EcoVadis Gold medal
  • Sustainable Travel Company of the Year 2022 Finalist