Andron is proud to have achieved a ‘B-‘ rating in the Carbon Disclosure Project (CDP) assessment for 2022, putting Andron in the Management bracket for its environmental performance. This rating is higher than the industry average of C and puts Andron amongst the 33% of companies that reached Management level in our industry group.
CDP is a non-profit that runs the global environmental disclosure system. Companies that disclose through CDP are assessed in line with the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainable Development Goals (SDGs) and the Science-Based Targets initiative (SBTi). The disclosure and scoring process then helps companies to measure, manage and take meaningful action on their environmental impacts whilst also providing accountability and trust for stakeholders to track company progress.
CDP assessed and scored Andron across 11 categories relating to Climate Change risks, including Scope 1, 2 & 3 emissions (incl. verification), governance, targets, energy, business strategy, emissions reduction initiatives and value chain engagement. Alongside the B- rating, one of the specific comments from the assessment was that Andron is “taking coordinated action on climate issues”.
This year’s B rating is a full letter grade improvement on our previous years’ score, demonstrating Andron’s commitment to continued transparency, tackling climate change, and transitioning towards a net zero future in line with the 1.5-degree trajectory laid out in the Paris Agreement.
Tackling climate change and the journey to net zero
Andron began its journey to net zero in 2021, during which we measured our operational carbon footprint, including scope 3 emissions. With this data, we then set a credible net-zero strategy with targets aligned to the SBTis (Science-based targets initiative), which includes, but is not limited to:
- Ensuring all offices under our direct control are operating on renewable energy tariffs
- Transitioning our company fleet to electric vehicles by 2025
- Reducing our business travel year on year
- Working with our supply chain to reduce their carbon footprint, as this will positively influence our own Scope 3 emissions
Andron is following the intensity metric pathway to align with net zero, aiming for a short-term 7% year-on-year emissions reduction in line with SBTi guidelines before moving on to our long-term target of reducing emissions by 97%.
Andron is already making fantastic progress toward its net zero targets, with an 8% absolute decrease in carbon emissions (19% decrease per GBP), and is proud that CDP has recognised this with an excellent score of B-.
More on CDP
CDP has the world’s largest and most comprehensive environmental data set, utilised by capital markets and purchasing organisations to make informed decisions, reward high-performing companies, and drive action. CDP supports organisations in making their environmental impact transparent to stakeholders, providing a better understanding of how they can reduce their impact and act to become environmental leaders.