ESG 23 Final Single pages - Flipbook - Page 84
Task Force on Climate-related Financial Disclosures (TCFD) (continued)
METRICS AND TARGETS
a. The metrics used to assess climate-related risks and opportunities in line with
strategy and the risk management process
RWS uses two metrics to compare its carbon emissions and measure its climate change impact: revenue (£m) and
number of employees (FTE). To align with science-based targets, RWS has adjusted its baseline to FY22. The following
table demonstrates the FY23 results and how they compare to FY22.
Intensity metric
Year
Intensity metric 1
Metric tons CO2e per unit revenue (£M)
FY22 (Baseline)
FY23
% change
to baseline year
Intensity metric 2
Metric tons CO2e per unit FTE
FY22 (Baseline)
FY23
% change
to baseline year
Scope 1
0.73
0.67
9.3%
0.07
0.06
11.0%
Scope 2 (location-based)
5.56
7.01
-26.2%
0.53
0.65
-23.7%
Scope 3
45.34
42.04
7.3%
4.29
3.90
9.1%
Total
51.63
49.72
3.7%
4.89
4.61
5.6%
Scope 1 and 3 intensity metrics show reductions when compared to FY23, ranging from 7.3% to 11.0%. The Scope 2
intensity metrics show increases of 23.7% to 26.2%. Collectively, RWS can demonstrate carbon emission improvements
in both intensity metrics of 3.7% and 5.6%.
The rise in the Scope 2 intensity 昀椀ndings stems from greater utilisation of o昀케ce space during FY23. RWS has
implemented an energy performance site selection programme proactively where the energy e昀케ciency of new
buildings is considered before leases are secured. This, along with identifying energy e昀케ciency improvements, will help
improve Scope 2 emission performance in the future.
Each member of the Executive Team and Senior Leadership Team has objectives to further RWS climate change and
sustainability goals. Additional remuneration can be awarded for reaching appropriate benchmarks and milestones.
Once RWS science-based targets have been 昀椀nalised and veri昀椀ed by the SBTi, additional metrics will likely be developed
and included within the existing remuneration reward scheme.
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RWS Holdings plc — ESG Report 2023 FRAMEWORKS
