Sustainability Report 2023
We set out our implementation of the UK Stewardship Code, Net Zero Investment Consultants Initiative (NZICI) and Impact Investing Principles for Pensions (for investment consultants).
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Committed to positive impact
Since the UK parliament declared a climate emergency in 2019 and passed laws to end its contribution to global warming by 2050, it’s been clear major change is coming in the way we look at climate change across the whole economy.
As the Barnett Waddingham Sustainability Report lays out, we have made our own net zero commitment and set ourselves a number of sustainability goals as a business. We elevated sustainability as an organisational priority in response to the systemic risks of climate change, biodiversity destruction and inequality.
"As with everything we do, our promise to do the right thing is at the heart of our net zero carbon pledge and our wider sustainability strategy. For BW, sustainability is about focussing on meeting the needs of the present, without compromising future generations. We pledge to operate a sustainable business both now and for the long-term."
Highlight report
This year, we have produced two versions of our annual report. The Sustainability Impact Report gives a brief overview of our goals, progress and achievements over the past twelve months, as we navigate our net zero roadmap. It details our key sustainability highlights of 2023, and maps out what we hope to achieve in 2024.
Full report
Alongside our short-form highlights, you can also find our full 2023 Sustainability Report. This comprehensive report highlights how we believe we are meeting our sustainability commitments as a business, across our operations, our services and our advice to clients, covering our commitments to the UK Stewardship Code, Net Zero Investment Consultants Initiative (NZICI), and Impact Investing Principles for Pensions for investment consultants.
Sustainability Report highlights
Our ambition
Implementing a focused approach to achieving our sustainability goals
Net Zero
Achieving significant reductions in our carbon footprint
Climate change risks
Considering implications of complex and interconnecting system-wide risks
COLLABORATION
Engaging with others to drive sustainable initiatives across our industry
Our teams
Our report features input from several groups across Barnett Waddingham who oversee our sustainability efforts, reporting into a variety of management boards to ensure environmental concerns are factored into all strategic decision-making processes.
Sustainability Steering Group (SSG): SSG is responsible for designing and implementing BW’s sustainability strategy including promoting the development of client-facing sustainability services, the impact and sustainability of our business as a whole, and our operational approach.
Sustainable Services Working Group (SSWG): This group is made up of sustainability leads from each of our business areas. This group works to ensure knowledge sharing, joined-up offerings and efficient development and delivery of services to our clients.
Sustainable Operations Group (SOG): SOG works to deliver our environmental strategy. The team is tasked with developing our environmental management system to accurately identify our environmental performance and enable us to make precise improvements as we look to reduce BW’s emissions over time.
Please contact Melanie Durrant if you would like to discuss
any of the above topics in more detail.
Previous reports
Our sustainability insights
Our sustainability journey
We’re on our own journey towards a sustainable future at BW. Discover more about our five pillars of sustainability and how we're supporting our clients.
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