At IPF we believe that managing our environmental impact is key to achieving our purpose. That’s why we monitor and manage our environmental impacts as part of our transition to become a more resource-efficient and climate-resilient company.
Our objectives are to effectively tackle the combined challenges of climate change and the need for more efficient use of natural resources while also providing opportunities to succeed in the low-carbon economy of the future.
We are focused on continuously improving our environmental performance in the following areas:
Energy production and consumption is one of the largest sources of carbon emissions globally. To understand and reduce our energy use, we carry out regular monitoring, reporting and reduction strategies across our markets. Our strategies range from more efficient use of building space to increasing the energy efficiency of our buildings and using of renewable energy sources.
As a global financial services company, communication across our different markets is really important. This has traditionally required large amounts of business travel. Since the pandemic, like many other organisations, we focused on increased use of technology to limit travel. With the lifting of pandemic related restrictions, we have looked to continue to minimise travel wherever possible. Where travel cannot be avoided, we encourage employees to utilise the most sustainable options and we will look to continue to increase the number of electric vehicles in our fleet.
The issue of water supply is an increasing environmental issue globally. Although as a financial services company our water usage is comparatively small, we still have a role to play to minimise our impact. We will look to make use of water-efficient infrastructure to optimise our efficiency in this area.
Waste minimisation is increasingly becoming a focus. We strive for zero waste to enable the conservation of natural resources. That's why we aim to reduce our use of paper through greater utilisation of digital media and more efficient printing. We are also increasing our use of environmentally-friendly paper and recycling disposed paper worldwide. We also aim to reduce our use of plastic and the amount of e-waste we generate.
To meet our purpose, we take care to know our suppliers and ensure they share our commitment to fighting climate change and protecting human rights. We have processes in place to encourage our suppliers worldwide to act responsibly. We believe there is a real opportunity to have an impact and drive our sustainability ambitions through our supply chain.
We recognise that climate change is a critical issue for our stakeholders as well as for wider society. The impact of climate change also poses potential risks and opportunities for our business which need to be effectively managed on behalf of all our stakeholders. We are committed to addressing climate change and limiting global warming to 1.5°C above pre-industrial levels.
In 2023, we expect to publish the Group’s climate-related targets and our transition plan in line with UK Government guidelines.
You can find out more about IPF and the environment below:
