M Group Services, the leading service provider to essential infrastructure in the UK, is marking Net-Zero Week by reflecting on its positive progress towards halving its carbon emissions by 2030 and becoming net-zero by 2050.
The Group has been forging ahead on its commitment to the environment and operating in the most effective and sustainable ways. The positive changes the Group has made were recognised earlier this year, when it received a top public ESG rating from independent, international rating agency, Sustainalytics.
M Group Services pledged to support efforts to limit global warming to 1.5°C and cut carbon emissions by signing a letter of intent to cut down on carbon emissions in support of the Science Based Targets initiative (SBTi) in March.
The Group also committed to joining the UN Global Compact in April, becoming part of the world’s largest sustainability initiative, which will ensure 10 principles on human rights, labour, environment and anti-corruption are part of business strategy, culture and day-to-day operations.
M Group Services is leading the way with its approach to environmental, social and governance (ESG) risk management. The Sustainalytics ESG risk rating of 9.6 makes the Group a leader in the business services support sector, compared to a sector average of 21.9. It also places the Group in the top one per cent of global companies for its commitment to the environment and sustainability, managing the impact on and support for local communities and its commitment to established policies and procedures, with a ‘negligible risk’ of reputational and operational risks through its direct and indirect suppliers.
Jim Arnold, M Group Services’ Chief Executive, said: “Supporting a sustainable future and the UK’s target to achieve net-zero by 2050 is fundamental for M Group Services. I am proud of the progress we are continuing to make across all our divisions and operating businesses towards achieving our net-zero aspirations and those of our clients.
“It is more crucial than ever we fulfil our commitments to the Science Based Targets initiative (SBTi) and the United National Global Compact by achieving our own net-zero target.”
Recent net-zero progress includes:
These are just a few of the initiatives happening across M Group Services. Find out more about what steps we’re taking to achieve net-zero here.