Barnett Waddingham pledges to net zero for scope 1 and 2 emissions in 2021

Barnett Waddingham has announced a net-zero carbon pledge for 2021 and committed to being operationally net zero by 31 May 2025.

The firm has pledged to be net carbon neutral for scope one and two emissions with immediate effect.

Scope one emissions are direct greenhouse gas emissions that occur from sources that are controlled or owned by an organisation, while scope two covers indirect emissions from the generation of purchased electricity, steam, hearing and cooling consumed by an organisation.

Scope three, which Barnett Waddingham has committed to being net carbon neutral for by the end of May 2025, includes all other indirect emissions that occur in an organisation’s value chain.

Barnett Waddingham also pledged to continue reducing its carbon footprint by “only using high quality, nature-based offsets”.

It has committed to integrating net zero into its advisory services by helping clients understand the risks and opportunities presented by climate change.

Investors will be supported in their consideration of net zero alongside their investment objectives, managing risk and seeking returns through the low-carbon economy transition.

“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,” commented Barnett Waddingham senior partner, Andrew Vaughan.

“For Barnett Waddingham, sustainability is about focussing on meeting the needs of the present, without compromising future generations. We pledge to operate a sustainable business both now and for the long term.

“Considering the wider impacts we can have on the communities we operate in are priorities for us, so we are building on our culture, embedding sustainability and ESG across our organisation, and ensuring all colleagues, clients and suppliers are actively aware, engaged and supported as we transition to a net-zero world.”

Barnett Waddingham lead sustainability partner, Scott Eason, added: “We are using our diverse professional skills across the organisation to add value and expertise for clients across all areas of sustainability including investment, risk management, and health and wellbeing in the workplace to help them define and achieve their sustainability goals and support climate governance and communications.

“A systemic change like net zero can only be achieved by working together and collaborating with other organisations also looking to go further, faster in building a sustainable future.”

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