Report results - SME Climate Hub

ESG Accord Ltd's Climate Report

Submitted on 2024-07-31

1.1 Reporting year*

2024

1.1.1 Reporting period*

from 5.2023 to 6.2024

1.2 Describe your business activities*

Business consultancy for financial services firms specialising in ESG & Sustainability, support and compliance services for financial advice firms

1.4 Number of employees in the reporting year*

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*

Not applicable

2.1 Net zero target year*

2040

2.1.1 Base year*

2023

2.2 Near-term target*

50% of absolute total emission reduction from my base year by 2030

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

In 2021 we committed to halving our emissions by 2030 and ending contributions to climate change by 2040. We have taken action to redress/offset the environmental impact of ESG Accord through our contribution to The Global Returns Portfolio. The financial contribution is commensurate with the cost of the carbon we have generated, calculated as the carbon future price multiplied by our firm’s carbon footprint. We will continue to calculate and take action going forward

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*

0 kwh

3.3 Renewable energy*

0 kwh

Scope 1 emissions

3.4 Scope 1 emissions*

0 metric tons CO2e

Scope 2 emissions

3.5 Location based scope 2 emissions*

0 metric tons CO2e

3.6 Market based scope 2 emissions*

0 metric tons CO2e

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

ESG Accord has two directors who are both remote home workers. Directors are encouraged to use 100% renewable energy

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

ESG Accord has two directors who are both remote home workers.

Scope 3 emissions

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

Yes

4.1.1 Total scope 3 emissions*

7.64 metric tons CO2e

Supply chain related - upstream emissions

4.1.2 Purchased goods and services*

3.16 metric tons CO2e

4.1.3 Capital goods*

0.3 metric tons CO2e

4.1.4 Fuel and energy related activities*

4.1.5 Transportation and distribution (upstream)*

4.1.6 Waste in operations*

4.1.7 Business travel*

4.03 metric tons CO2e

4.1.8 Employee commuting*

4.1.9 Leased assets (upstream)*

Customer related - downstream emissions

4.1.10 Transportation and distribution (downstream)*

4.1.11 Processing of sold products*

4.1.12 Use of sold products*

4.1.13 End-of-life treatment of products*

4.1.14 Leased assets (downstream)*

4.1.15 Franchises*

4.1.16 Investments*

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

Yes

We work remotely and only travel when necessary - then by train when possible. We make purchase choices with long term in mind and reduced impact in mind

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

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.*

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

Our business has grown and our emissions have increased accordingly/unfortunately. Based on the current price of emissions allowances traded on the UK Emissions Trading System (UK-ETS)- £64.90 British pounds per metric ton on Jan 2024, if we multiply the current price of emissions by our basic emissions calculated for the SME Hub 7.64 CO2e we get a price to redress/offset our emissions of £495.84. ESG Accord is committed to contributing 1% of net of tax profits to the Global Returns Project, in 2024 this contribution was £530. In sum, we have taken action to offset/redress the environmental impact of ESG Accord through our contribution to The Global Returns Portfolio. The financial contribution is commensurate with the cost of the carbon we have generated, calculated as the carbon future price multiplied by our firm’s carbon footprint. We will continue to do this going forward. ESG Accord donates annually to the Global Returns Portfolio: a diverse set of best-in-class climate charities. A team of leading environmental scientists oversees selection and assessment of the Portfolio alongside the Trustees of the Global Returns Project: a UK-registered charity. ESG Accord’s donations: Restore the ocean to health through Blue Marine Foundation; Enforce environmental law through ClientEarth; Target market forces driving the Climate Crisis through Global Canopy; Protect threatened rainforest through Rainforest Trust; Deliver clean energy to homes in rural Africa through Solar Sister; Plant the right trees in the right places through Trillion Trees; And protect carbon-sequestering whales through Whale and Dolphin Conservation.

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

Reducing scope 3 emissions, Reducing emissions from business travel, Balancing emission reductions with business growth, Complexities in managing supply chain emissions

Specify other challenges*

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

1.1 Reporting year*

2024

1.1.1 Reporting period*

from 5.2023 to 6.2024

1.2 Describe your business activities*

Business consultancy for financial services firms specialising in ESG & Sustainability, support and compliance services for financial advice firms

1.4 Number of employees in the reporting year*

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*

Not applicable

2.1 Net zero target year*

2040

2.1.1 Base year*

2023

2.2 Near-term target*

50% of absolute total emission reduction from my base year by 2030

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

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*

0 kwh

3.3 Renewable energy*

0 kwh

Scope 1 emissions

3.4 Scope 1 emissions*

0 metric tons CO2e

Scope 2 emissions

3.5 Location based scope 2 emissions*

0 metric tons CO2e

3.6 Market based scope 2 emissions*

0 metric tons CO2e

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

ESG Accord has two directors who are both remote home workers. Directors are encouraged to use 100% renewable energy

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

ESG Accord has two directors who are both remote home workers.

Scope 3 emissions

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

Yes

4.1.1 Total scope 3 emissions*

7.64 metric tons CO2e

Supply chain related - upstream emissions

4.1.2 Purchased goods and services*

3.16 metric tons CO2e

4.1.3 Capital goods*

0.3 metric tons CO2e

4.1.4 Fuel and energy related activities*

4.1.5 Transportation and distribution (upstream)*

4.1.6 Waste in operations*

4.1.7 Business travel*

4.03 metric tons CO2e

4.1.8 Employee commuting*

4.1.9 Leased assets (upstream)*

Customer related - downstream emissions

4.1.10 Transportation and distribution (downstream)*

4.1.11 Processing of sold products*

4.1.12 Use of sold products*

4.1.13 End-of-life treatment of products*

4.1.14 Leased assets (downstream)*

4.1.15 Franchises*

4.1.16 Investments*

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

Yes

We work remotely and only travel when necessary - then by train when possible. We make purchase choices with long term in mind and reduced impact in mind

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

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.*

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

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

Reducing scope 3 emissions, Reducing emissions from business travel, Balancing emission reductions with business growth, Complexities in managing supply chain emissions

Specify other challenges*

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

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