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Our Impact
We are committed to sustainable and socially responsible business practices.
Carbon Reduc.
Our Carbon Reduction Plan
We have implemented multiple environmental management measures since setting our baseline in 2023, including:
• Initiating engagement with our leased office provider around our environmental objectives
• Creating and communicating both our Environmental policy and a Sustainable working from home policy, which encourage energy efficiency
• Providing training and awareness of climate change and business impacts is provided on emissions for all employees
• Creating Supplier and Contractor policies which include environmental clauses
In the future we hope to implement further measures such as:
• Reduce business travel through the prioritisation of rail over air travel
• Engage with our leased office provider to switch to renewable electricity supply
• Engage with suppliers & contractors to reduce their own emissions
A copy of CEN’s Carbon Reduction Plan is available here.
CEN-ESG’s Carbon Reduction Plan is available here.
Our Emissions
Total CEN Group Holdings GHG Global Emissions
We are reporting emissions for the financial year 1 August 2022 to 31 July 2023. Our carbon footprint is calculated using methodologies consistent with the Greenhouse Gas (GHG) Protocol: A Corporate Accounting and Reporting Standard, with additional guidance from the GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard and the GHG Protocol Technical Guidance for Calculating Scope 3 Emissions, as required.
We have applied an operational control approach, with no material omissions from within the organisational boundary of the Group. All of our scope 1 and 2 emissions are derived from our shared tenancy office with data used to calculate our scope 1 and 2 emissions provided to us by our landlords. Our only scope 1 emissions source is natural gas used for heating the office building. We report location-based scope 2 emissions of purchased electricity.
Emissions (tCO2e)
Scope 1: Direct emissions
Scope 2: Indirect emissions from purchased electricity (Location-based)
Total Scope 1 and Scope 2 emissions (location-based)
Scope 3: Corporate value chain emissions:
Category 1: Purchased Goods & Services
Category 3: Fuel & energy related activities
Category 4: Upstream Transportation and Distribution
Category 6: Business Travel
Category 7: Employee Commuting (Including working from home)
Total Scope 3
Total Scope 1, Scope 2 (location-based) and Scope 3 emissions
To ensure a consistent approach we utilise published conversion factors (BEIS, 2023) for all scope 1 and 2 conversions. Our calculation excludes Scope 3 Category 5 (Waste generated in operations). We lease an office within a building where the manager does not monitor waste levels. Control of waste treatment also falls outside of our operational boundary. It is noted that CEN Group has zero emissions for the following categories as these are not applicable to our business: Category 2 (Capital Goods), Category 8 (Upstream leased assets), Category 9 (Downstream transportation and distribution), Category 10 (Processing of sold products), Category 11 (Use of sold products), Category 12 (End-of-life treatment of sold products), Category 13 (Downstream leased assets), Category 14 (Franchises), Category 15 (Investments).
2023
6.4
6.1
12.5
98.2
9.2
1.6
45.2
11.6
165.8
178.3
B Corp
B Corp Ambition
We strive to be a responsible business that goes beyond minimum requirements and demonstrates best practice to the clients we are advising.
In 2024, we hope to achieve B Corp certification, demonstrating our high standards of performance, accountability, and transparency.
sbti
Science-based Targets
Our near-term targets and long-term science-based emissions reduction targets and commitment to Net Zero by 2040 have all been verified by the Science Based Targets initiative (SBTi).
CEN Group Holdings has responded to the SBTi's urgent call for corporate climate action through committing to align with 1.5℃ and net-zero. We are committed to reducing scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year, and to reach net-zero by 2040. As part of this, CEN Group Holdings Ltd commits to reduce scope 1, 2 and 3 emissions 100% by 2040 from a 2023 base year.
Materiality assess.
Materiality Assessment
In 2023, we undertook a materiality assessment to identify the key sustainability issues which impact CEN’s ability to deliver against its obligations, and which influence the decisions of its stakeholders.
A long list of likely material topics was generated based on relevant sustainability frameworks and peer group benchmarking. The long list was reviewed, challenged and validated by the CEN management team resulting in a short list of ESG topics most relevant to the business. The short list was assessed and ranked in terms of importance by stakeholders (including employees, the advisory panel, customers and suppliers) and executive management, with results plotted on a materiality matrix.
Whilst all topics are important, we have identified metrics and KPIs for the highest ranking areas and these will be tracked on an ongoing basis.
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