Taking action on climate change
October 15, 2019
We're pledging to be carbon neutral by 2020
Climate change is a global issue. We have a vital role to play in supporting the transition to a low carbon future through the way in which we manage our investments and how we operate as a business. That’s why today we are pledging to go carbon neutral by 2020.
We focus on integrating environmental, social and governance factors into all of our investment decisions – but it’s equally important that we consider the impact of our own business activities on the world around us.
We’ve been very successful in reducing our energy consumption – historically our largest source of greenhouse gas emissions - and we have targets in place to go further and reduce our emissions from energy use by 50% by 2030. Where we procure electricity, we have pledged to use green suppliers globally by 2020.
However, with our global presence growing, travel is now responsible for a significant proportion of our operational emissions.
Carbon from flights is a notoriously difficult emission source for large international businesses to reduce. We have been looking at ways to actively reduce emissions; this includes technology that enables our people to avoid travel, and initiatives to raise awareness of alternative or low carbon forms of travel.
We want to go further. That’s why we have pledged to offset our entire operational carbon footprint to become carbon neutral in 2020.
Carbon offsetting allows us to support renewable energy or social impact projects around the world which help to reduce carbon emissions and create positive outcomes.
Our announcement follows our support for Good Money Week – a UK campaign to help grow and raise awareness of sustainable, responsible and ethical finance. In our video, we talk about what makes this such an important cause to us – and how we’re working to make a positive impact on society and the environment.