FCA and PSR climate and environmental targets and metrics

Our targets support more wide-ranging environmental objectives, including our Transition to Net-Zero by 2045 with interim targets for 2027, and our Environmental Management System (EMS), which is certified with the ISO 14001 standard and which provides the framework for achieving environmental sustainability 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), the Sustainable Development Goals (SDG) and the Science-Based Targets Initiative (SBTI). 

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. 

Table 1: Energy (SDG 7)

Our London Head Office is supplied with renewable electricity. While we strive to supply all our offices with renewable electricity, the progress of the transformation depends on pre-existing energy supply contracts between property owners and energy suppliers across our offices.

Table 2: Greenhouse gas emissions (SDG 13)

We’ve published our Transition to Net-Zero Plan to further reduce our emissions. Previously, we focused on our building performance and use of utilities, including gas, electricity, heating, and cooling. Looking forward, we will also focus on other sources of 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 to landfill’ policy and an objective to eliminate as much single-use plastic as possible. These practices are applied in our tendering and procurement processes, facilities management, and in our restaurant and coffee bar. And they are supported by waste segregation in offices. 

We’re working to raise awareness with our employees on the importance of the principles outlined above, to protect the environment and prevent pollution. 

Table 5: Paper consumption (SDG 15)

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

As good practice, our stationery offices must provide recycled printing paper, both for on-floor printing and in our central business-printing facilities. We will update some of our targets to drive further progress once previous targets are being achieved and maintained. 

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.