Read more about our ambition to become net zero by 2050, our approach and progress highlights.
This page will be updated shortly. Please see our 2022 Annual Report and Accounts (PDF 8.3MB), our 2022 Environmental, Social and Governance Disclosures Report (PDF 9.6MB) and our 2022 Climate-related Disclosures Report (PDF 9.4MB) for the latest announcements.
Our ambition is to halve our direct own operations emissions by 2025 from a 2019 baseline. We define direct own ops as Scope 1, Scope 2 and Scope 3 (paper, water, waste, business travel, commuting and work from home) emissions. It excludes upstream and downstream emissions from our value chain.
We have a target to reduce our direct own operations carbon footprint by 50% by 2025 (2019 baseline) and plan to halve the carbon footprint of our wider operational value chain by 2030, and achieve net zero by 2050.
As the first part of our journey, we are disclosing an initial view of our upstream emissions for our 2021 footprint, with a plan to refine this view and disclose our downstream emissions for 2022. Our 2021 total market-based operational footprint 66,149 tCO2e covers Scopes 1, 2 and our direct own operation upstream Scope 3. This includes emission reductions from the use of green electricity covering 97% of our consumption through green tariffs and renewable electricity certificates, but it does not include emissions reduction from use of carbon credits.
We have published our Carbon Reduction Plan (PDF 252KB) in response to Procurement Policy Note (PPN) 06/21 of the UK Government (Taking Account of Carbon Reduction Plans in the procurement of major government contracts). Within this Carbon Reduction Plan, we cover our Scope 1, 2 and 3 carbon footprint relating to our Own Operations activities within the UK, including our offshore operations. The Scope 3 values presented here differ from those in our streamlined energy and carbon report due to the Scope 3 categories requested by the UK Government. Our direct own operations Scope 3 includes paper, water, waste, business travel, commuting and working from home; our upstream operational value chain Scope 3 includes suppliers, transportation and distribution, energy and fuel related activities not included in Scope 1 and 2; our Carbon Reduction Plan Scope 3 includes waste, business travel, commuting, upstream transportation and distribution, and downstream transportation and distribution.
Read more about our ambition to become net zero by 2050, our approach and progress highlights.
Read more about our recognition of issues relating to natural capital and our journey towards reducing negative impacts.
Read more about our ambition to play a leading role in championing climate solutions by supporting its customers’ transition towards a net-zero through Climate and Sustainable Funding and Financing.