M Group Services is proud to share the significant improvements and milestones that have been made in our second annual environment, social and governance (ESG) report.
The Group has committed to halving its carbon emissions by 2030 and being carbon neutral by 2050. This report details measures that were taken in 2021-2022 to protect the environment, support our people as well as the communities we operate in and adopt innovative technology.
Highlights from the year include:
Securing a ‘best-in-class’ ESG rating in the business services sector from independent ESG risk rating agency, Sustainalytics. An ESG rating of 9.6 was based on in-depth independent analysis, compared to a sector average of 21.9. The rating puts the Group among the top one per cent of global companies for its commitment to the environment and sustainability and means the Group has a ‘negligible risk’ of reputational and operational risks through its direct and indirect operations
Joining the Climate Group’s EV100 initiative. M Group Services has pledged to electrify its core fleet of over 8,000 vehicles by 2030. A total of 75 EV charging locations will also be installed for use by our people and the public
Signing a letter of intent to cut down on its carbon emissions, support the Science Based Targets initiative (SBTi) and contribute towards efforts to limit global warming to 1.5°C and cut carbon emissions. As part of this process, M Group Services is developing and implementing near-term science-based emissions reduction targets. When these have been achieved, the Group will establish a long-term SBTi net-zero target
A positive ESG focus is about more than a strong commitment to reducing carbon emissions. Across the Group, we are committed to creating an environment in which our people feel valued, supported and fulfilled. Our priority is to build and maintain inclusive environments for everyone, aspiring to be the employer of choice within the sectors we operate in, with a skilled, sustainable workforce that can deliver on behalf of our clients.
The Group is also committed to making a difference to the lives of young people and the STEM (Science, Technology, Engineering and Mathematics) Ambassador scheme has impressively grown with 149 appointed ambassadors in 2021-2022 compared to only 30 the previous year.
For the second year we have aligned our key ESG themes to the United Nations Sustainable Development Goals, placing a spotlight on the part we play in the overall global agenda to develop and grow our business in a sustainable way.
Andrew Hunt, Director of ESG and Innovation at M Group Services, has produced a video summarising the ESG Report. If you would like to view the video, please click here: https://mgroupservices.com/news/our-news/m-group-services-shares-latest-esg-report/