Why are we doing this?
The scientific evidence is clear; the planet's temperature has risen and will continue to rise without action. The target set out in the Paris agreement was to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. We have already seen a rise of 1 degree; therefore, we have to act now.
We believe that everyone needs to take responsibility for stopping the potentially catastrophic environmental impact of carbon emissions. Over the last few years, we have successfully moved a number of customers to renewable energy sources and also developed the groundbreaking Revolving Green Fund. This has seen a growing number of our customers invest in green technology solutions to reduce their carbon emissions.
Whilst this has had a positive impact, we felt that we needed to step up our commitment, and that is why we are announcing our net zero pledge and outlining how we will achieve it.