Broadstone launches carbon footprint service to support corporate sustainability

Today, Broadstone has launched a new carbon footprint service to enable organisations to accurately measure, manage, and monitor their corporate sustainability progress compared to regulatory requirements.

Related topics:  Broadstone,  insuring the planet
Tabitha Lambie | Editor, Protection Reporter
21st May 2024
"Environmentally sustainable economic growth is a business imperative and critical to safeguarding the UK’s future. This awareness is driving an increasing focus on how corporations can develop good practices for people and the environment."
- Deon Dreyer, Investment Director at Broadstone

Measuring a carbon footprint quantifies the total greenhouse gas emissions associated with an individual, organisation, or activity. It involves collecting data on energy, transportation, and other relevant factors to calculate emissions in terms of carbon dioxide equivalent and presenting the results to assess and manage environmental impact.

The UK Insurance & Long-Term Savings sector is committed to reaching net zero by 2050 and to the global target of a 50% reduction in emissions by 2030. This means firms will be increasingly required to measure progress towards this sustainability goal.

Broadstone’s new service will help firms measure emissions using a carbon footprint exercise, establish reduction targets via a carbon management plan, monitor trends, and quantify progress.

Deon Dreyer, Investment Director at Broadstone, will lead this service, having previously led Ortec Finance’s UK business and its Environmental, Social & Governance (ESG) solution.

“This innovative service will be a key part of Broadstone’s developing, tech-led sustainability platform for employers, trustees, and asset owners. We aim to help stakeholders quantify their greenhouse gas emissions and model the impact of climate risk to drive tangible change and long-term growth,” he explained.

More like this
Latest from Financial Reporter
Latest from Property Reporter
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.