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Steer's Climate Report

Submitted on 2024-12-30

Introduction *

1.1 Reporting year*

2024

1.1.1 Reporting period*

from 4.2023 to 3.2024

1.2 Describe your business activities*

The principal activities of the Group during the year were the provision of a range of consulting services to infrastructure, transport, energy and related clients.

1.4 Number of employees in the reporting year*

500

1.4.1 Full-time equivalent (FTE) or headcounts*

Full-time equivalent

1.5 Let us know if your company is a parent company or subsidiary*

Parent company

Commitment and Targets *

2.1 Net zero target year*

2025

2.1.1 Base year*

2020

2.2 Near-term target*

50% of intensity scope 1+2 emission reduction from my base year by 2025

50% of intensity scope 3 emission reduction from my base year by 2025

2.3 Provide any additional comments or context on your net zero and near term targets.*

Recognising the urgency and magnitude of the global climate crisis, Steer made a commitment in 2020 to achieve Net Zero across Scope 1, 2 and 3 greenhouse gas (GHG) emissions by 2025.

Own Emissions *

3.1 To reduce emissions in line with my commitment, my company has a plan and is taking action*

Yes

Energy consumption

3.2 Total energy consumption*

380000 kwh

3.3 Renewable energy*

112253 kwh

Scope 1 emissions

3.4 Scope 1 emissions*

69.89 metric tons CO2e

Scope 2 emissions

3.5 Location based scope 2 emissions*

139.58 metric tons CO2e

3.6 Market based scope 2 emissions*

187.74 metric tons CO2e

3.7 Describe your plans and actions taken to reduce scope 1 & 2 emissions.*

• We ensure that our offices run efficiently by being the right size for our workforce, accommodating more flexible working patterns and the need for resilience. • As part of our annual business planning process each office is required to sets a Local Environmental Action Plans (LEAPs) to identify specific local carbon reduction measures. • As part of our annual business planning process, we review our property portfolio to identify carbon reduction initiatives for existing offices and establish energy efficiency initiatives for new offices.

3.8 Describe the calculation methodology and comment on the data accuracy, including any tools/methods used to calculate.*

Data obtained from monthly meter readings (kWh). Monthly invoices were provided as supporting evidence where available. Where readings could not be obtained, consumption was estimated using occupied floorspace and factors published by the Chartered Institute of Building Service Engineers (CIBSE) factors at 310 kWh per m2 floorspace.

Value Chain Emissions (optional)

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?*

Yes

4.1.1 Total scope 3 emissions*

1342.27 metric tons CO2e

Supply chain related - upstream emissions

Customer related - downstream emissions

4.1.17 Do you have a plan and are taking action to reduce emissions from your value chain?*

Yes

• All Steer offices support active travel and are located at or near to public transport hubs. • Steer operates a Travel Hierarchy to support the use of digital connectivity and the use of sustainable transport. • Each year we conduct a global staff travel survey to assist with development and delivery of more sustainable commuting choices. • Steer Sustainable and Responsible Procurement Policies requires our suppliers to align with our Statement of Sustainability Principles.

4.2 Have you asked any of your suppliers to set a net zero target (either voluntarily or as a requirement)?*

Yes

4.2.1 What percentage of your suppliers have you asked?*

-

4.3 Have you communicated your commitment and actions to any of your customers?*

Yes

4.4 Describe the calculation methodology and comment on the data accuracy and any tools used to calculate your scope 3 emissions.*

Data obtained from internal expense reports and supply chain reports where available.

Climate Solutions (optional)

5.1 Do you classify any of your existing goods and/or services as a climate solution?*

Yes

5.2 What percentage of your total revenue comes from sales of climate solutions?*

-

5.3 Provide descriptions/names of your climate solutions:*

-

5.4 Methodology used to assess these as climate solutions, and third party which has validated the assessment, if any:*

-

Management, Strategy and Climate Risk (optional)

6.1 What governance processes do you have in place for your climate strategy? Choose as many as are applicable.*

Governance process in place, Person is responsible for climate strategy at board level

6.1 Explain*

-

6.1.1 Please describe their position and responsibility.*

• Our Carbon Reduction Plan is a component part of Environmental Management System which is ISO 14001:2015 Certified. The Chief Operating Officer (COO) is accountable for delivery and reports and publishes progress to the Board, Shareholders and Trustees on a quarterly basis. • Our pathway to Net Zero aligns with the ISO 14068-1:2023 standard for Carbon Neutrality. • The Steer Sustainability Working Group, chaired by the COO, provides technical advice to the Board and owners of Local Environmental Action Plans on the implementation of carbon reduction measures. • Steer is a signatory to the UN Global Compact and reports annually on progress.

6.1.2 Is this person (or another at executive and board level) also responsible for climate risk?*

Yes

6.2 Have you started to identify and assess your companies climate risks and opportunities?*

No - we plan to in the next 1-5 years

6.2.1 Where are the climate risks you've identified?*

-

6.2.1 Explain*

-

6.2.2 How are you managing these climate risks? Choose as many as are applicable.*

6.2.2 Explain*

-

6.2.3 Provide any additional comments or context on your climate risks:*

-

6.3 Have you integrated climate and/or nature into your company mission statement or shareholder agreements? If yes, describe how.*

Yes

Our mission and principles states that \\\\\\\'Steer will be responsible locally and globally\\\\\\\'

6.4 Have you taken actions this year outside of your emissions to accelerate climate progress?*

No

-

Results, Challenges and Outlook *

7.1 Provide any additional comments or context on your annual results and progress from previous years.*

Steer scope 1 & 2 (office-based) emissions in FY24 were 0.50 tCO2e/FTE compared to 0.81 tCO2e/FTE in our baseline year of FY20. This is equal to a 46% intensity reduction to date. Steer scope 3 Business Travel emissions in FY24 were 1.08 tCO2e/FTE compared to 3.09 tCO2e/FTE in our baseline year of FY20. This is equal to a 65% intensity reduction to date. In FY22 Steer expanded its operational boundary to include all offices globally. In doing so we have had to look at company-wide processes for data collection with respect to utilities usage, travel and commuting and have implemented a series of planned improvements to simplify and improve the accuracy of our data processing methods and reduce our value of uncertainty. Steer scope 3 emissions in FY24 were 3.08 tCO2e/FTE compared to 3.90 tCO2e/FTE in our baseline year of FY20. This is equal to a 21% intensity reduction to date. Our Sustainability Working Group seeks to champion environmental change and advise on issues and options for the continuous improvement of environmental performance at Steer. Every office has developed Local Environmental Action Plans (LEAPS), to identify local measures that can be delivered that will be most effective in reducing carbon emissions and supporting wider sustainability development goals.

7.2 Do you face any key challenges in reducing emissions?*

Limited control over energy use in buildings, Reducing emissions from business travel, Balancing emission reductions with business growth, Complexities in managing supply chain emissions, Inaccurate or insufficient data, Limited influence over suppliers

Specify other challenges*

-

7.3 Has there been any third party validation of the data submitted in this report?*

Yes

Data verified by Carbon Footprint Ltd

Steer's Climate Report

Steer's Climate Report - 2024

Introduction *

1.1 Reporting year*

2024

1.1.1 Reporting period*

from 4.2023 to 3.2024

1.2 Describe your business activities*

The principal activities of the Group during the year were the provision of a range of consulting services to infrastructure, transport, energy and related clients.

1.4 Number of employees in the reporting year*

500

1.4.1 Full-time equivalent (FTE) or headcounts*

Full-time equivalent

1.5 Let us know if your company is a parent company or subsidiary*

Parent company

Commitment and Targets *

2.1 Net zero target year*

2025

2.1.1 Base year*

2020

2.2 Near-term target*

50% of intensity scope 1+2 emission reduction from my base year by 2025

50% of intensity scope 3 emission reduction from my base year by 2025

2.3 Provide any additional comments or context on your net zero and near term targets.*

Recognising the urgency and magnitude of the global climate crisis, Steer made a commitment in 2020 to achieve Net Zero across Scope 1, 2 and 3 greenhouse gas (GHG) emissions by 2025.

Own Emissions *

3.1 To reduce emissions in line with my commitment, my company has a plan and is taking action*

Yes

Energy consumption

3.2 Total energy consumption*

380000 kwh

3.3 Renewable energy*

112253 kwh

Scope 1 emissions

3.4 Scope 1 emissions*

69.89 metric tons CO2e

Scope 2 emissions

3.5 Location based scope 2 emissions*

139.58 metric tons CO2e

3.6 Market based scope 2 emissions*

187.74 metric tons CO2e

3.7 Describe your plans and actions taken to reduce scope 1 & 2 emissions.*

• We ensure that our offices run efficiently by being the right size for our workforce, accommodating more flexible working patterns and the need for resilience. • As part of our annual business planning process each office is required to sets a Local Environmental Action Plans (LEAPs) to identify specific local carbon reduction measures. • As part of our annual business planning process, we review our property portfolio to identify carbon reduction initiatives for existing offices and establish energy efficiency initiatives for new offices.

3.8 Describe the calculation methodology and comment on the data accuracy, including any tools/methods used to calculate.*

Data obtained from monthly meter readings (kWh). Monthly invoices were provided as supporting evidence where available. Where readings could not be obtained, consumption was estimated using occupied floorspace and factors published by the Chartered Institute of Building Service Engineers (CIBSE) factors at 310 kWh per m2 floorspace.

Value Chain Emissions (optional) *

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?*

Yes

4.1.1 Total scope 3 emissions*

1342.27 metric tons CO2e

Supply chain related - upstream emissions

Customer related - downstream emissions

4.1.17 Do you have a plan and are taking action to reduce emissions from your value chain?*

Yes

• All Steer offices support active travel and are located at or near to public transport hubs. • Steer operates a Travel Hierarchy to support the use of digital connectivity and the use of sustainable transport. • Each year we conduct a global staff travel survey to assist with development and delivery of more sustainable commuting choices. • Steer Sustainable and Responsible Procurement Policies requires our suppliers to align with our Statement of Sustainability Principles.

4.2 Have you asked any of your suppliers to set a net zero target (either voluntarily or as a requirement)?*

Yes

4.2.1 What percentage of your suppliers have you asked?*

-

4.3 Have you communicated your commitment and actions to any of your customers?*

Yes

4.4 Describe the calculation methodology and comment on the data accuracy and any tools used to calculate your scope 3 emissions.*

Data obtained from internal expense reports and supply chain reports where available.

Climate Solutions (optional) *

5.1 Do you classify any of your existing goods and/or services as a climate solution?*

Yes

5.2 What percentage of your total revenue comes from sales of climate solutions?*

-

5.3 Provide descriptions/names of your climate solutions:*

-

5.4 Methodology used to assess these as climate solutions, and third party which has validated the assessment, if any:*

-

Management, Strategy and Climate Risk (optional) *

6.1 What governance processes do you have in place for your climate strategy? Choose as many as are applicable.*

Governance process in place, Person is responsible for climate strategy at board level

6.1 Explain*

-

6.1.1 Please describe their position and responsibility.*

• Our Carbon Reduction Plan is a component part of Environmental Management System which is ISO 14001:2015 Certified. The Chief Operating Officer (COO) is accountable for delivery and reports and publishes progress to the Board, Shareholders and Trustees on a quarterly basis. • Our pathway to Net Zero aligns with the ISO 14068-1:2023 standard for Carbon Neutrality. • The Steer Sustainability Working Group, chaired by the COO, provides technical advice to the Board and owners of Local Environmental Action Plans on the implementation of carbon reduction measures. • Steer is a signatory to the UN Global Compact and reports annually on progress.

6.1.2 Is this person (or another at executive and board level) also responsible for climate risk?*

Yes

6.2 Have you started to identify and assess your companies climate risks and opportunities?*

No - we plan to in the next 1-5 years

6.2.1 Where are the climate risks you've identified?*

-

6.2.1 Explain*

-

6.2.2 How are you managing these climate risks? Choose as many as are applicable.*

6.2.2 Explain*

-

6.2.3 Provide any additional comments or context on your climate risks:*

-

6.3 Have you integrated climate and/or nature into your company mission statement or shareholder agreements? If yes, describe how.*

Yes

Our mission and principles states that \\\\\\\'Steer will be responsible locally and globally\\\\\\\'

6.4 Have you taken actions this year outside of your emissions to accelerate climate progress?*

No

-

Results, Challenges and Outlook *

7.1 Provide any additional comments or context on your annual results and progress from previous years.*

Steer scope 1 & 2 (office-based) emissions in FY24 were 0.50 tCO2e/FTE compared to 0.81 tCO2e/FTE in our baseline year of FY20. This is equal to a 46% intensity reduction to date. Steer scope 3 Business Travel emissions in FY24 were 1.08 tCO2e/FTE compared to 3.09 tCO2e/FTE in our baseline year of FY20. This is equal to a 65% intensity reduction to date. In FY22 Steer expanded its operational boundary to include all offices globally. In doing so we have had to look at company-wide processes for data collection with respect to utilities usage, travel and commuting and have implemented a series of planned improvements to simplify and improve the accuracy of our data processing methods and reduce our value of uncertainty. Steer scope 3 emissions in FY24 were 3.08 tCO2e/FTE compared to 3.90 tCO2e/FTE in our baseline year of FY20. This is equal to a 21% intensity reduction to date. Our Sustainability Working Group seeks to champion environmental change and advise on issues and options for the continuous improvement of environmental performance at Steer. Every office has developed Local Environmental Action Plans (LEAPS), to identify local measures that can be delivered that will be most effective in reducing carbon emissions and supporting wider sustainability development goals.

7.2 Do you face any key challenges in reducing emissions?*

Limited control over energy use in buildings, Reducing emissions from business travel, Balancing emission reductions with business growth, Complexities in managing supply chain emissions, Inaccurate or insufficient data, Limited influence over suppliers

Specify other challenges*

-

7.3 Has there been any third party validation of the data submitted in this report?*

Yes

Data verified by Carbon Footprint Ltd

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