Page 19 - CCB_Full-Annual-Report-2021

18 Strategic Report 19

Contents
Contents

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