Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employee well-being
• Environmental sustainability (energy consumption, waste reduction)
• Social responsibility (community investment)
• Safeguarding

Environmental Achievements

• Switched electricity contracts to a supply derived entirely from renewable wind sources.

Social Achievements

• Paid all employees and casual match day workers full wages during furlough.
• Executive Directors, first team manager, players, and staff took significant salary reductions.
• Maintained regular dialogue with employees, distributing updated Government guidance, online training modules, and mental health resources.
• Achieved Investors in People Gold award.

Governance Achievements

• Adopted the Quoted Company Alliance code.
• Maintained high standards of corporate governance.
• Regularly reviewed risk matrix with Audit Committee.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic and its impact on operations, revenue, and cash flow.
• Lost match day income, media and commercial rights.
• Closure of retail outlets and hospitality business.
• Reduced player payments due to appearance fees and bonuses.
• Uncertainty around fan return to stadium.
• Unpredictable transfer market.

Mitigation Strategies

• Developed protocols for players' return to training and commencement of season 2020/21.
• Protected key revenue streams.
• Increased revolving credit facility from £2m to £13m.
• Placed employees on furlough, topping up wages to ensure full payment.
• Implemented Covid-19 safe operational plan for limited stadium capacity.
• Careful cost management.
• Continued pursuit of new revenue streams and commercial opportunities.
• Strategic player trading.

Supply Chain Management

Responsible Procurement

• Accommodated supplier requests for early payment where possible.
• Paid all other suppliers in accordance with usual timeframes.
• Ensured on-site contractors worked safely and compliantly.
• Bi-annual reporting on supplier payment practices.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Certifications: Investors in People Gold

Third-party Assurance: BDO LLP

Awards & Recognition

• Investors in People Gold award

Environmental Metrics

ESG Focus Areas

• Social Responsibility
• Employee Wellbeing
• Environmental Sustainability
• Safeguarding
• Health and Safety
• Stakeholder Engagement

Environmental Achievements

• Switched electricity contracts to a supply derived entirely from renewable wind sources.
• Achieved a 100% recycling rate with Glasgow City Council.
• Undertook a Phase 2 Energy Savings Opportunity Scheme (ESOS) report and implemented recommendations around energy usage.

Social Achievements

• Launched several new employee wellbeing initiatives including hybrid working, an enhanced Employee Assistance Programme, a Cycle to Work scheme, discounted gym memberships and a financial wellbeing hub.
• Women’s first team secured a domestic cup double.
• Paid all permanent staff a minimum of £9.90 per hour (Living Wage).

Governance Achievements

• Continued compliance with QCA code.
• Regularly reviewed risk matrix with Audit Committee.
• Established a Supporters’ Forum for engagement.

Climate Goals & Targets

Environmental Challenges

• Covid-19 surge in late December 2021.
• Wage inflation throughout the football industry and wider UK economy.
• Current economic headwinds and cost of living crisis.
• Brexit impact on administration, costs, access to workers, and player transfers.

Mitigation Strategies

• SPFL’s initiative to bring forward the winter break to minimise disruption.
• Strict control over wage costs.
• Monitoring economic situation and factoring environment into key decisions.
• Adopting hedges where appropriate, assessing key economic and market indicators and customer risk diligence.
• Continued discussions around long-term protocol for Brexit related player transfers.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prompt supplier payment

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Investors in People Gold

Third-party Assurance: BDO LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Child and young people's wellbeing
• Health and safety
• Ethical Trading
• Modern Slavery & Human Trafficking
• Environmental protection
• Anti-racism
• Equality & inclusion

Environmental Achievements

• Switched electricity contracts to a supply derived entirely from certified renewable sources
• Installed energy efficient LED floodlights

Social Achievements

• Developed a 5-year child and young people’s wellbeing strategy
• Record attendances for a home fixture in Scotland were broken on two occasions at Celtic Park for women's football
• All employees are paid a minimum rate of at least £10.90 per hour
• Celtic F.C. Foundation provides hot food for those in need in our community

Governance Achievements

• Adopted the Quoted Company Code (QCA Code)
• Established a Supporters’ Forum
• Regular dialogue with major shareholders

Climate Goals & Targets

Environmental Challenges

• Wage and transfer inflation
• External economic conditions such as challenges on consumer spending and disposal income
• Brexit impact on administration and costs, particularly in merchandising and access to workers
• Increasing gap between earnings in Champions League and Europa League

Mitigation Strategies

• Maintaining a cash buffer in reserve
• Strict control over wage costs
• Season ticket monies for season 23/24 are already received
• Central rights distributions are largely secured for the season
• Sales volumes for match tickets have started strongly and retail sales are in line with expectations
• Proactively investing in energy reduction initiatives

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA Code

Third-party Assurance: BDO LLP

Environmental Metrics

ESG Focus Areas

• Employee Wellbeing
• Diversity & Inclusion
• Social Responsibility
• Environmental Sustainability
• Safeguarding
• Stakeholder Engagement

Environmental Achievements

• Total gross CO2e reduced from 2,764 tCO2e in 2023 to 2,759 tCO2e in 2024. Installation of energy-efficient motion controlled LED lighting and low energy LED matchday screens.

Social Achievements

• Won the Club’s first ever SWPL title. Increased investment in women's football to the highest levels ever seen at the Club. Introduced a Menopause Policy and support framework. Established a ‘Diversity and Inclusion Working Group’. Minimum hourly rate increased to £12.00 per hour.
• Celtic F.C. Foundation opened Celtic Park on Christmas Day as an extension of the Paradise Pitstop project, supporting the local community.

Governance Achievements

• Appointment of Brian Rose (Director of Apple Services) to the Board. Continued compliance with the QCA code. Regular dialogue with major shareholders.

Climate Goals & Targets

Environmental Challenges

• High inflationary environment impacting overhead costs and wage costs. Reduction in profit from player sales. Absence of non-recurring other income from the prior year. Challenges in securing the best players due to domestic media rights not keeping pace with competitor markets.
• External economic conditions affecting supporters’ disposable income and matchday revenues.

Mitigation Strategies

• Strict control over wage costs. Strategic investment in player trading for both performance and financial sustainability. Season ticket monies for season 24/25 already received, central rights distributions largely secured for the season, sales volumes for match tickets started strongly and retail sales in line with expectations.
• Continued investment across the Club, including infrastructure upgrades and improvements to training facilities.

Supply Chain Management

Responsible Procurement

• Policies on Ethical Trading and Modern Slavery & Human Trafficking

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UK adopted international accounting standards

Third-party Assurance: BDO LLP