Environmental - Our roadmap to Net-Zero

We have a target to achieve net-zero emissions by 2035. It outlines our commitment to supporting decarbonisation in our own operations, as well as engaging our supply chain and clients to reduce their emissions. By rigorously analysing our high-emission categories, such as Business Travel, Purchased Goods and Services, and Employee Commuting, we can actively hold ourselves accountable through a clear, ambitious decarbonisation roadmap.

What have we achieved

since our 2022 baseline year?

100% reduction in scope 2 electricity emissions, through a combined approach of organic renewable electricity contracts and via market-based instruments (Renewable Energy Certificates)

Established an ESG committee to lead our global ESG strategy and initiatives, bringing together senior leadership and regional representatives to encourage communication and debate

11% reduction in scope 2 heating emissions by increasing energy efficiency controls for our office heating infrastructure

Outlined a clear Business Travel policy to align the necessity of our travel with our environmental responsibility

41% reduction in Upstream Transport and Distribution by reducing ordering frequencies across all offices

Offsetting our Interim

Emissions with

We recognise the negative impact that our emissions have on the environment during the interim period before we reach our goal of net-zero. Therefore, we’ve decided to partner with ESG consultancy B-Corporation Furthr to offset our impact by investing in high integrity carbon removal and emissions reduction projects.

Henry BishopCEO and Founder of Furthr
“It's been a complete pleasure to support a team on the very forefront of our global energy transition. From Governance to Engagement, the Spencer Ogden team are defining the phrase 'Environmental Stewardship', and we are proud to be in collaboration. Beyond the projects, people and quality criteria existing within our carbon compensation portfolio for this year, we're looking forward to rolling out our staff platform over the coming months: helping each member of the Spencer Ogden team to get connected with the projects themselves, but also helping each team member to make a personal difference at work and at home.”

We selected three projects in 2024 which reflect our wider ESG strategy to provide social and environmental benefits to high priority communities and areas. Through these projects, we directly contribute to the removal, sequestration, and avoidance of CO2 emissions, whilst simultaneously improving livelihoods for local communities. Our supported projects are listed below:

Darkwoods Forest Conservation

TOTAL OFFSET 221 tCO2

Overseen by the Nature Conservancy of Canada, this project conserves a 54,835 hectare area of commercial timberland in British Columbia. By restricting logging and promoting ecological stewardship, the project secures climate benefits by maintaining and increasing carbon stocks. It also supports local community benefits, and conserves biodiversity by safeguarding habitat for endangered species and ecosystems.

Accreditation: Verified Carbon Standard (VCS)

CO2OL Biodiverse Forests

TOTAL OFFSET 51tCO2

Degraded land, once used for cattle ranching, is reforested with native species, creating diverse mixed forests in Panama. The CO2OL project supports around 15 endangered animal species by restoring habitats, provides long-term sustainable timber and cocoa production, fair employment, and local community health and income support.

Accreditation: Gold Standard

TIST Smallholder Forestry

TOTAL OFFSET 68 tCO2

A voluntary scheme with 22,580 participants across 1,641 villages in Uganda, the TIST programme has planted more than 7 million trees. Local farmers receive a payment per tree every year, plus 70% revenue share in the carbon credits the trees produce as a direct cash payment. Each tree creates $8 for the farmers from fruits, nuts, fodder, traditional medicine, and sustainable wood products and firewood (from dead trees and thinnings).