Since the UK parliament declared a climate emergency in 2019 and passed laws to end its contribution to global warming by 2050, it’s been clear major change is coming in the way we look at climate change across the whole economy.
As the Barnett Waddingham Sustainability Report lays out, we have made our own net zero commitment and set ourselves a number of sustainability goals as a business. We elevated sustainability as an organisational priority in response to the systemic risks of climate change, biodiversity destruction and inequality.
The Report sets out our implementation of the Stewardship Code, Net Zero Investment Consultants Initiative, Impact Investing Principles for Pensions (for investment consultants) and Taskforce for Climate-related Financial Disclosures (TCFD) recommendations.
"As with everything we do, our promise to do the right thing is at the heart of our net zero carbon pledge and our wider sustainability strategy. For BW, sustainability is about focussing on meeting the needs of the present, without compromising future generations."
Working towards a sustainable future in a post-lockdown world
Implementing a focused approach to achieving our goals
Achieving significant reductions in our carbon footprint
Considering implications of complex and interconnecting system-wide risks
Further information in the Barnett Waddingham Sustainabilty Report includes details of our collaboration and engagement with others to drive sustainable initiatives across our industry, as well as the practical actions we have taken, such as tree planting and solar panel installations.
It describes how our Sustainability Steering Group is tasked with identifying and mitigating sustainability risks, and how we consider climate change by using our firm’s four-stage risk management process – Identification, Assessment, Treatment, and Monitoring.
Metrics and targets are also featured and include our targets for carbon emissions in 2021, 2023 and 2025. The table of emissions shows our GHG emissions for the period 1 June 2021 to 31 May 2022 (UK and offshore).
Please contact Scott Eason if you would like to discuss
any of the above topics in more detail.
We’re on our own journey towards a sustainable future at BW. Discover more about our five pillars of sustainability and how we're supporting our clients.
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