"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.
