Environmental - Our roadmap to Net-Zero

We have a target to achieve net-zero emissions by 2035, verified by the Science Based Targets initiative (SBTi). It outlines our commitment to supporting decarbonisation in our own operations, as well as engaging our supply chain and clients to reduce their emissions. By rigorously analysing our high-emission categories, such as Business Travel, Purchased Goods and Services, and Employee Commuting, we can actively hold ourselves accountable through a clear, ambitious decarbonisation roadmap.

What have we achieved

since our 2022 baseline year?

100% reduction in scope 2 electricity emissions, through a combined approach of organic renewable electricity contracts and via market-based instruments (Renewable Energy Certificates)

Established an ESG committee to lead our global ESG strategy and initiatives, bringing together senior leadership and regional representatives to encourage communication and debate

11% reduction in scope 2 heating emissions by increasing energy efficiency controls for our office heating infrastructure

Outlined a clear Business Travel policy to align the necessity of our travel with our environmental responsibility

41% reduction in Upstream Transport and Distribution by reducing ordering frequencies across all offices

Offsetting our Interim

Emissions with

We recognise the negative impact that our emissions have on the environment during the interim period before we reach our goal of net-zero. Therefore, we’ve decided to partner with ESG consultancy B-Corporation Furthr to offset our impact by investing in high integrity carbon removal and emissions reduction projects.

Henry BishopCEO and Founder of Furthr
“It's been a complete pleasure to support a team on the very forefront of our global energy transition. From Governance to Engagement, the Spencer Ogden team are defining the phrase 'Environmental Stewardship', and we are proud to be in collaboration. Beyond the projects, people and quality criteria existing within our carbon compensation portfolio for this year, we're looking forward to rolling out our staff platform over the coming months: helping each member of the Spencer Ogden team to get connected with the projects themselves, but also helping each team member to make a personal difference at work and at home.”

We selected three projects in 2024 which reflect our wider ESG strategy to provide social and environmental benefits to high priority communities and areas. Through these projects, we directly contribute to the removal, sequestration, and avoidance of CO2 emissions, whilst simultaneously improving livelihoods for local communities. Our supported projects are listed below:

Mangrove Afforestation

TOTAL OFFSET 109 TCO2

Overexploitation, land conversion, and inadequate conservation measures have led to diminished mangrove coverage, threatening the delicate balance of these coastal ecosystems and the services they provide. The project restores degraded mangrove habitats, enhancing local biodiversity and protecting coastlines from erosion. It engages community members, providing jobs and promoting sustainable land management. As the mangroves flourish, they capture significant carbon dioxide, contributing to climate change mitigation and reinforcing the region's resilience.

Biomass Power

TOTAL OFFSET 655 TCO2

The biomass-based steam generation system in Punjab, India uses rice husks as a sustainable alternative to fossil fuels. It significantly reduces carbon emissions and promotes cleaner energy production processes, involving the implementation of a 5MW cogeneration power project designed to meet growing electricity demands for paper production and infrastructure development. The project advances the sustainable circular economy by repurposing rice husks from local agriculture as fuel, reducing waste and exemplifying resource efficiency by creating energy from agricultural byproducts and closing the loop.

Improved Cookstove Distribution

TOTAL OFFSET 328 TCO2

The project introduces cookstoves that use renewable biomass, specifically designed for schools in Burundi, Africa. By switching from traditional stoves that burned non-renewable woody biomass to ones that use sustainable sources, the initiative significantly reduces the reliance on environmentally harmful fuels. Heating costs for 60% of participants were reduced, alleviating poverty and removing laborious firewood gathering tasks for families. It also boosted job creation, generating 138 full-time positions and 20 temporary roles for local people.

ESG overview

Social

governance