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We’ve offset our carbon emissions as reported in each financial year since 2007, enabling us to be carbon neutral. We’ve achieved this through significantly reducing our greenhouse gas emissions, and purchasing certified carbon credits to offset what remains at the end of each year.
We’re committed to reducing the environmental impact of our business, and since 2007 have reduced our carbon emissions by 83%. This includes a 98% reduction in emissions from our offices (“scope 1&2”), through consolidating our office portfolio, investing in energy saving innovations, and sourcing 100% of our electricity from renewable sources. We’ve also reduced emissions from our business travel by 84% per head over the same period. Although travel emissions have gradually increased since pandemic restrictions were lifted, we have a programme in place to ensure we remain on track to meet our 2030 Net Zero commitments.
Although these reductions represent great progress, we’re conscious that the remaining emissions that we produce still contribute to climate change, so we’re committed to offsetting all of our residual Net Zero emissions (Scope 1, 2 & 3) as reported in our Annual Report each year through purchasing certified carbon credits from projects that are designed to avert emissions or to remove carbon dioxide from the atmosphere.
We purchase our offsets through credible and established offset brokers. The projects we support are in recognised biodiversity hotspots in the following regions, and form part of the portfolio of projects supported by the global PwC network.
We choose to purchase offsets that are certified under three key standards.
The projects that we’ve selected also meet the Climate, Community and Biodiversity (CCB) Gold standard, which recognises - among other things - that they also deliver broader social and economic benefits through involving local communities.