Page 18 - CCB_Full-Annual-Report-2021

18 Strategic Report
A highlight of 2021 was the recognition
of the Bank’s approach to green initiatives
by Investors in the Environment (IIE) who
awarded the Bank ‘Best Water Reduction
2021’ at their annual awards presentation.
The Board is proud of the engagement
and commitment of our people in
reducing the Bank’s environmental impact
and achieving carbon neutrality. Core to
our colleague engagement is the active
“Green Team”, which is a cross-function
team of Bank staff who volunteer to
internally promote the green agenda
facilitating numerous communications,
initiatives and activities focussing on
upcycling, recycling, and health and
wellness, whilst protecting the ecosystem
during the national lockdowns.
Environmental information
The Bank is committed to being a
responsible user of resources and
continues to consider ways in which it
can reduce its environmental impact. This
section reflects the Bank’s emissions as
required by the UK Streamlined Energy and
Carbon Reporting (SECR) Regulations for
a ‘large unquoted organisation’. This is the
first year in which the Bank is required to
report on emissions, having used less than
40KwH during the prior financial year. cooling. Scope 3 includes all other indirect
emissions that occur in a company’s
In calculating our emissions, we have value chain.
followed the latest Department for
Environment, Food and Rural Affairs Emissions from the Bank’s head office
(DEFRA) guidance released in 2013 and the
2019 Department for Business, Environment
& Industrial Strategy (BEIS) UK Government
environmental reporting guidance. We have
calculated our emissions using the most up
to date 2021 emission factors developed by
DEFRA and BEIS.
In relation to organisational boundary, we
have used the financial control approach.
In relation to Operational scope, we have
measured our scope 1, 2 and certain scope
3 emissions.
The table below sets out our emissions
in respect of Scope 1, 2 and 3. Scope
1 covers direct emissions from owned
or controlled sources, of which the
Bank has none. Scope 2 covers indirect
emissions from the generation of
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Contents
Contents
Scope Activity 2019 tCO e 1 2020 tCO e 2021 tCO e
2 2 2
Scope 1 No operations – – – Strategic Report
Scope 2 Leicester – electricity 14.52 8.83 7.34
generation and transmission
& distribution 2
Scope 2 Sub Total 14.52 8.83 7.34
Scope 3 Home-workers n/a 44.05 44.36
Grey Fleet 31.21 3.18 16.67
Sheffield site n/a 2.77 10.97
Bristol site n/a 0.94 0.31 Corporate Governance Statement
Scope 3 Sub Total 31.21 50.94 72.31
Total emissions as tonnes of CO e 45.73 59.77 79.64
2
3
Tonnes of CO e per employee 0.28 0.32 0.40
2
Tonnes of CO e per £m 1.07 1.58 1.61
2
Carbon Offsetting
Verified Carbon Offsets (100) (100) (100)
1 tonnes of carbon dioxide equivalent
2 This includes a small amount of Scope 3 emissions from transmission and distribution.
3 based on employee headcount as at the end of each financial year
The Bank’s carbon footprint calculations have been verified by Carbon Footprint Ltd. Independent Auditor’s Report
We have defined our intensity ratio as and many of our colleagues live and work.
purchased electricity, steam, heating and scope 1, 2 and 3 emissions in tonnes This support, both in monetary donations
of CO2e per £m of income as this is a and also practical help in the form of
common business metric for the banking colleagues’ time, is seen by the Bank as
sector. For completeness, we have also
more important than ever, given the on-
provided the ratio of scope 1, 2 and 3 going challenges presented post Covid 19
have fallen in the year although our total emissions in tonnes of CO2e per employee. pandemic and other social factors.
reported emissions have risen as result of
higher Scope 3 emissions. Our Scope 3 Cambridge & Counties Bank Ltd has also The Bank’s charitable giving and Financial Statements
emissions have increased during the year as qualified for the new Carbon Neutral + coordination continues to be facilitated
by a cross-functional team of Bank staff
a result of: for the second year due to offsetting 100 representing a diversity of background and
tonnes of CO2 emissions through the UK thinking. The approach of the charities
∞ An 11% increase in headcount. Emissions Tree Planting project, buddied with the team continues to be a proactive one, with
from homeworking are calculated to VCS verified Reduced Deforestation (REDD)
have increased by 0.7%, (home workers) project around the world. The Bank has in close to £35k donated in 2021.
total offset 300 tonnes of CO2e emissions Notable charitable efforts include working
∞ An increase in business travel arising over the past 3 years. The carbon credits closely with the Leicestershire and Rutland
as COVID-19 restrictions have eased % were supplied by Carbon Footprint Ltd Community Foundation to support a
(Grey fleet) 11 from the VSC 981 project. Details of this number of charities, including Turtle Dove,
project with full project documentation is
∞ Increased usage of our Sheffield office increase in available on Verra’s website: https://registry. Soft Touch Arts, and a new relationship Notes to the Financial Statements
with The Conservation Volunteers (TCV).
as COVID-19 restrictions have eased, verra.org/app/projectDetail/VCS/981. These charities provide amazing services
partially offset by a reduction in our headcount Supporting our local communities and support to many vital groups within
Bristol site following a move to new our communities, from Turtle Dove, who
offices during the year. 2021 saw the Bank continuing to support provide vulnerable young women with
the communities in which we operate,