RWS AR 23 Final Single pages - Flipbook - Page 59
c. Targets to manage climate-related risks and opportunities, and performance
against targets
RWS has an overall target of becoming carbon net zero by 2050, and has publicly committed and published this
target with the SBTi in 2022. To achieve this, there are several interim targets (see target ref. numbers 1 and 2 in the
below table) to aid with the tracking of the Group’s performance. We have submitted the following targets to SBTi for
their review.
Target ref. number
1
2
Type of target
Absolute
Intensity
Coverage
Scope 1 and 2
Scope 3 Category 1 –
Purchased Goods and Services
Metric (if applicable)
N/A
Gross pro昀椀t (£1M)
Target
50.4% reduction
58.1% reduction
Base year (FY22) result
4,714
63.7
Expected result in target year (FY33)
2,338
26.7
% of target achieved in FY23, relative to base year
-38.8%
25.6%
Absolute reduction target 1
Intensity reduction target 2
50.4% reduction in Scope 1 and 2 carbon emissions by FY33
58.1% reduction in Scope 3 Purchased Goods & Services carbon
emissions vs £M gross pro昀椀t by FY33
70
Scope 3, Purchased Goods and Services
carbon emissions (tCO2e) vs £M revenue
6000
5000
3000
2000
1000
0
50
40
30
20
10
PROJECTED TARGET
FY32
FY31
FY30
FY29
FY28
FY27
FY26
FY25
FY24
FY23
FY32
FY31
FY30
FY29
FY28
FY27
FY26
FY25
FY24
FY23
FY22
0
FY22
tCO2e
4000
60
ACTUAL
An increase in Scope 2 carbon emissions is evident in FY23 when compared to FY22. This has impacted target 1 above.
As mentioned previously, this rise is from increased utilisation of o昀케ce space. To mitigate this RWS has implemented an
energy performance review programme proactively, where the energy e昀케ciency of new sites is considered before they
are secured. This will support improving Scope 2 emission performance in the future.
The Scope 3 intensity performance in FY23 shows a positive improvement, indicating that 25.6% of the targeted
reduction has been achieved. This is nearly two years ahead of the current target. This is the result of working with the
supply chain, increasing the emphasis on carbon performance, and enhancing carbon measurement methodologies.
In addition, RWS has targets on transitioning to 100% renewable electricity across its estate portfolio wherever possible.
In FY23 13.8% was achieved.
STRATEGIC REPORT
RWS Holdings plc — Annual Report 2023
59
