Environmental sustainability

Find out how we are working to become a more sustainable organisation.

We're committed to becoming a more sustainable organisation and to support the UK’s transition towards a net zero economy by 2050. This is now incorporated into our remit, following the Chancellor’s recommendations in March 2021.  

In August 2021, we appointed our first Director of Environment, Social and Governance (ESG), demonstrating our focus on developing our ESG approach, including on environmental sustainability. 

Stratford head office

Environmental sustainability considerations were integrated into the construction of our head office, which we have occupied in Stratford since 2018. We were awarded the BREEAM rating of 'Excellent' for this project, which is only awarded to 10% of non-residential buildings in the UK. 

Our new building uses efficient heating and cooling technologies, which help to cut our carbon footprint as well as reduce costs.

Operations

As a regulator, we aim to model good behaviours in everything we do, including minimising our impact on the environment. 

This impact is relatively small compared with many large financial services firms that have numerous operations, often across many jurisdictions. But as a responsible business, we're committed to minimising our environmental footprint and becoming a more sustainable organisation. 

We focus our efforts on the areas where we can make the biggest impact, such as energy, waste production, recycling and paper use, but also from the perspective of procurement, and the suppliers and contractors we work with. 

Our Environmental Policy Statement (EPS) and the Environmental Management Strategy (EMS) provide the main framework for achieving environmental sustainability in our operations. 

Our EMS is compliant and certified with the ISO 14001 standard and is one of the strands of our corporate responsibility work. Achieving this standard requires the collaboration of our people adopting environmentally sound practices, our contractors supporting the environmental policy and processes, and our management’s commitment to environmental sustainability. 

Procurement

Procurement is an important operational aspect for delivering sustainability. We rely on our suppliers to help us deliver our objectives and we expect them to align with our values and support our mission to add public value. 

Suppliers are guided by the Supplier Code of Conduct and comply with internal policies and procedures such as the EPS and the EMS. 

We are looking to better understand our supply chains and to provide stakeholders with consistent climate-related disclosures, including information on our supply chains. We aim to publish this information in 2022, in our first report aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). 

Annual Sustainability Report

The Annual Sustainability Report is included in our Annual Report.

It provides an overview of our environmental performance and is created in line with the Treasury’s guidance on sustainability reporting in the public sector. 

Page updates

04/11/2021: Information changed General page updates.