Start your sustainability journey in 2022 – Corporate/Commercial Law

UK: Start your sustainability journey in 2022

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What better time to start a new initiative than in a new year!?! 2021 has been full of messages of “building back better” as individuals and businesses rethink the way they should do things. Now that we’re refreshed from our December vacation, let’s turn those thoughts into actions for 2022!

It’s easy to write and say but where to really start?

At Albert Goodman we can offer you two different options to help you start your journey. One option is to focus only on carbon and the second is to think about sustainability more broadly and integrate it throughout your business.

Carbon

If your primary goal is to focus on your carbon impact on the environment, a good place to start would be to measure your current carbon footprint based on how your business currently operates. We recommend that you use the methodology set out in the simplified energy and carbon regulations as a starting point, as it focuses primarily on the scope 1 and 2 emissions that are those under your control. Once you have this data, you can then analyze it to understand which areas of your business are the most carbon-heavy, and then plan how you might reduce this over time.

Durability

If, however, you want to take a more comprehensive approach to sustainability, a first action point could be to carry out an environmental and social governance (ESG) health check. We have an ESG Health Check which includes approximately 35 strategic level questions and is aligned with the United Nations Sustainable Development Goals as well as other regulations for sustainable practices. Once the health check is complete, you will receive a score showing how durable you are currently. You will also receive some suggested action points which can then be used to develop a broader sustainability strategy.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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