FCA and PSR climate and environmental targets and metrics

Our targets and metrics show the steps we’re taking to become a more sustainable organisation and keep us accountable for our progress

Our targets support more wide-ranging environmental objectives, including our Transition to Net-Zero by 2045 with interim targets for 2027, and our Environmental Management System (EMS), which is certified with the ISO 14001 standard and which provides the framework for achieving environmental sustainability in our operations.  

The metrics are based on previous data from our operations, as well as best practice indicators from the Greening Government Commitments (GGC), the Sustainable Development Goals (SDG) and the Science-Based Targets Initiative (SBTI)

We expect our targets and metrics to evolve as we try to deliver sound environmental practices for our organisation, and we will update these accordingly. We report performance against our targets in our Annual Report. 

Table 1: Energy (SDG 7)

Our London Head Office is supplied with renewable electricity. While we strive to supply all our offices with renewable electricity, the progress of the transformation depends on pre-existing energy supply contracts between property owners and energy suppliers across our offices.

Energy Unit Baseline year Interim target year Baseline figures Interim target
Energy: renewable electricity  % 2021/22 Q3 2023 93% 100% (subject to pre-existing contracts. Renewable electricity aspect to be considered in building strategy)

Table 2: Greenhouse gas emissions (SDG 13)

We’ve published our Transition to Net-Zero Plan to further reduce our emissions. Previously, we focused on our building performance and use of utilities, including gas, electricity, heating, and cooling. Looking forward, we will also focus on other sources of including indirect emissions in our supply chain.

Greenhouse gas emissions Unit Baseline year Interim target year Baseline figures Interim target reduction on baseline Interim target figures Long-term target reduction on baseline
Scope 2: Renewable electricity in Edinburgh office % 2021/22 Q3 2023 0% n/a 100% 100%
Scope 3.1: Purchased goods and services
Scope 3.4: Upstream transport (post and courier)
Scope 3.8: Upstream leased assets (offices)
% 2021/22 2027/28 33% of
suppliers (cumulative) by emissions have SBTs
n/a 70% of
suppliers (cumulative) by emissions have SBTs
Scope 3.6: Business travel tCO2e 2019/20 2027/28 1,308 34% 869 90%
Scope 3.8: Upstream leased assets (cooling & heating) tCO2e 2017/18
2019/20 most recent year
2027/28 Baseline: 4,439
MRY: 376
91% 394 n/a
Scope 3.8: Upstream leased assets (natural gas) tCO2e 2017/18
2019/20 most recent year
2027/28 Baseline: 50
MRY: 11
81% 9.5 90%
Scope 3 total required emissions tCO2e 2021/22 2027/28 22,863 34% 15,181 90%
Carbon credits: verified carbon offset purchase estimate tCO2e 2021/22 N/A N/A N/A 218 in 2022/23 2,286 (10% of baseline total emissions tCO2e)

Table 3: Water (SDG 6)

We protect water by using a rainwater harvesting system and water storage tank at our London Head Office. We use automatic sensor taps in washrooms, and eco cleaning products in our restaurant and kitchen, and generally in facilities management.

Water usage Unit Baseline year Interim target year Baseline figures Interim target reduction on baseline Interim target figures
Water consumption m3 2017/18 2024/25 52,698 8% 48,482
Water consumption (adjustment to office attendance 2022/23) m3 2017/18 2024/25 15,282 8% 14,060
Water harvesting Yes/No 2019/20 N/A Yes in London N/A N/A

Table 4: Waste and e-waste minimisation and management (SDG 12)

We use the principles of the circular economy and waste hierarchy: prevent, reduce, reuse, recycle, recover, dispose.

We have a ‘zero to landfill’ policy and an objective to eliminate as much single-use plastic as possible. These practices are applied in our tendering and procurement processes, facilities management, and in our restaurant and coffee bar. And they are supported by waste segregation in offices. 

We’re working to raise awareness with our employees on the importance of the principles outlined above, to protect the environment and prevent pollution. 

Waste minimisation and management Unit Baseline year Interim target year Baseline figures Interim target on baseline Interim target figures
Total waste tonnes 2017/18 2024/25 563 15% reduction 479
Total waste (adjustment to  office attendance 2022/23) tonnes 2017/18 2024/25 163 15% reduction 139
Food waste tonnes 2017/18 2024/25 69 Target is to monitor food waste N/A
Recycling % 2017/18 Yearly 86% 70% N/A
Recycled confidential paper % 2017/18 Yearly 100% 100% closed-loop recycling N/A

Table 5: Paper consumption (SDG 15)

Paper consumption has reduced in recent years, mainly thanks to digitalisation and general public awareness about the environmental impact of deforestation. 

As good practice, our stationery offices must provide recycled printing paper, both for on-floor printing and in our central business-printing facilities. We will update some of our targets to drive further progress once previous targets are being achieved and maintained. 

Paper consumption Unit Baseline year Target year Baseline figures Yearly target reduction on baseline Yearly limit target figures
Employee printing (MFD) A4 reams 2017/18 Yearly 27,559 75% 6,890
Employee printing (MFD) (adjustment to office attendance 2022/23) A4 reams 2017/18 Yearly 4,269 75% 1,067
Business printing (reprographics) A4 reams 2019/20 Yearly 3,516 75% 879

Table 6: Biodiversity (SDG 15)

Our estates are mainly limited to our office buildings. Although the building management systems have an important role in resource efficiency, they aren’t designed to support biodiversity. 

More engagement with our communities and with environmental organisations is needed to understand local natural heritage and the way we can support species and ecosystems most at risk, such as those on the Joint Nature Conservation Committee’s Red Lists

Biodiversity Unit Baseline year Mid-term target year Baseline figures Interim target on baseline Yearly Target Figures
Biodiversity on FCA estates number 2021/22 2024/25 10 herbaceous grass and flowering plant species Increase biodiversity by supporting Red List species (subject to feasibility assessment) 1 supported native species