FCA and PSR climate and environmental targets and metrics

Our targets support wide-ranging environmental objectives, including our Transition to Net Zero by 2045 with interim targets through financial year 2028. Our Environmental Management System (EMS) is certified to ISO 14001 standard and provides the framework for achieving environmental sustainability[1] in our operations.  

The metrics are based on previous data from our operations, as well as best practice indicators from the Greening Government Commitments (GGC)[2], the Sustainable Development Goals (SDG)[3] and the Science-Based Targets Initiative (SBTI)[4]. 

We expect our targets and metrics to evolve as we try to deliver sound environmental practices for our organisation, and we will update these accordingly. We report performance against our targets in our Annual Report[5]. 

Table 1: Energy (SDG 7)

Our London, Leeds and Edinburgh offices are supplied with REGO-back renewable electricity, either via the landlords or our own electricity supplier, according to operational boundary. In addition, there is an array of Solar PV panels on the Leeds office roof, which generates electricity onsite.

Table 2: Greenhouse gas emissions (SDG 13)

We’ve validated near-term emissions reductions targets and long-term net-zero goal with the Science Based Targets Initiative (SBTI), and we have published our Transition to Net-Zero Plan to reduce our emissions. Previously, we focused on our building performance and use of utilities, including gas, electricity, heating, and cooling. Looking forward, we also focus on more significant sources of emissions, including indirect emissions in our supply chain.

Table 3: Water (SDG 6)

We protect water by using a rainwater harvesting system and water storage tank at our London Head Office. We use automatic sensor taps in washrooms, and eco cleaning products in our restaurant and kitchen, and generally in facilities management.

Table 4: Waste and e-waste minimisation and management (SDG 12)

We use the principles of the circular economy and waste hierarchy: prevent, reduce, reuse, recycle, recover, dispose.

We have a ‘zero waste to landfill’ commitment and an objective to eliminate consumer single-use plastics.

These practices are applied in our tendering and procurement processes, facilities management, and in our restaurant and coffee bar. 

Table 5: Paper usage (SDG 15)

Paper consumption has reduced in recent years, mainly thanks to digitalisation, hybrid working and general public awareness about the environmental impact of deforestation. 

Our stationary in offices provides printing paper from 100% recycled sources, both for on-floor printing and in our central business-printing services.

Table 6: Biodiversity (SDG 15)

Our estates are mainly limited to our office buildings. Although the building management systems have an important role in resource efficiency, they aren’t designed to support biodiversity.

More engagement with our communities and with environmental organisations is needed to understand local natural heritage and the way we can support species and ecosystems most at risk, such as those on the Joint Nature Conservation Committee’s Red Lists[6].