UK Business and Policy Leadership for Net Zero: Analysis of Progress to Reduce Emissions

UK business and policy leadership for net zero: analysis of progress to reduce emissions

UK business and policy leadership for net zero Annex

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Annex A: UK businesses in the SBTi Business Ambition for 1.5 campaign By 30 April 2021, 106 UK-based companies had committed to the SBTi Business Ambition for 1.5°C campaign. The full list is shown in Table A2.1 In summary:

• 44 have a target set, and 62 have committed

• the sectoral breakdown is shown in Table A1.

• 32 of the 106 businesses are FTSE100 companies, a further 13 are FTSE2502.

• Signing-up dates o 3 in 2016 o 4 in 2017 o 1 in 2018 o 13 in 2019 o 36 in 2020 o 49 in 2021.

• 3 businesses are classed as SMEs (Avieco, MacArthur Green and Troup Bywaters + Anders).

1 Science Based Targets. (2021). Companies taking action. Retrieved from: https://sciencebasedtargets.org/companies-taking-action 2 Sourced from CDP [pers. comm]. Correct as of April 2021. For more information: https://www.cdp.net/en

2 UK business and policy leadership for net zero: analysis of progress to reduce emissions

Table A1: Sectoral breakdown of Business Ambition for 1.5 businesses in the UK

Sector No. of businesses Aerospace and Defense 1 Air Transportation – Airlines 1 Air Transportation – Airport Services 2 Automobiles and Components 1 Banks, Diverse Financials, Insurance 6 Chemicals 2 Construction and Engineering 6 Construction Materials 1 Consumer Durables, Household and Personal Products 2 Electric Utilities and Independent Power Producers and Energy Traders (including fossil, alternative and nuclear energy) 8 Electrical Equipment and Machinery 2 Food and Beverage Processing 5 Food and Staples Retailing 3 Gas Utilities 1 Ground Transportation – Railroads Transportation 1 Homebuilding 1 Hotels, Restaurants and Leisure, and Tourism Services 1 Media 4 Pharmaceuticals, Biotechnology and Life 2 Professional Services 30 Real Estate 5 Retailing 3 Software and services 5 Solid Waste Management Utilities 1 Specialized Consumer Services 2 Telecommunication Services 3 Textiles, Apparel 6 Water Utilities 1

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Table A2: Full list of UK Business Ambition for 1.5 companies

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Arup 1.5°C Professional Targets Set 31/07/2020 Arup commits to reduce absolute scope 1 The targets covering Services and 2 GHG emissions by 30% by 2025 greenhouse gas from a 2018 base year. Arup also emissions from commits to reduce absolute scope 3 GHG company operations emissions by 30% by 2025 from a 2018 (scopes 1 and 2) are base year. consistent with reductions required to keep warming to 1.5°C. AstraZeneca 1.5°C Pharmaceuticals, Targets Set 30/09/2016 Multinational pharmaceutical and The targets covering * Biotechnology biopharmaceutical company AstraZeneca greenhouse gas and Life commits to reduce absolute scope 1 emissions from emissions by 20% and scope 2 emissions company operations by 95% from a 2015 baseline to 2025. In (scopes 1 and 2) are addition, the company will reduce all consistent with scope 3 emissions by 25% per million USD reductions required to of sales within the same timeframe. To keep warming to 1.5°C. support the achievement of the scope 3 intensity target the company set the following sub-goals: 1) reduce GHG emissions from waste incineration, business air travel, freight & logistics and first tier active pharmaceutical ingredients and formulation & packaging suppliers (>90% of category spend, energy only) by 20% by 2025 from a 2015 base year, 2) reduce GHG emissions per device from patient use of inhaler therapy devices over the same time period and 3) improve primary data collection within scope 3 value chain greenhouse gas accounting by 2020.

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Atlassian 1.5°C Software and Targets Set 10/12/2020 Atlassian Corporation commits to reduce The targets covering Corporation Plc Services absolute scope 1 and 2 GHG emissions by greenhouse gas 50% by FY2025 from a FY2019 base year. emissions from In addition, Atlassian commits to increase company operations annual sourcing of renewable electricity (scopes 1 and 2) are from 15% in FY2019 to 100% by FY2025. consistent with Atlassian also commits to reduce absolute reductions required to scope 3 GHG emissions from business keep warming to 1.5°C. travel by 25% over the same target The renewable energy period. Atlassian further commits that procurement target 65% of its suppliers by emissions covering covering scope 2 purchased goods and services and capital emissions is consistent goods will have science-based targets by with reductions FY2025. required to keep warming to 1.5°C. Avieco 1.5°C Professional Targets Set 01/02/2021 This target was approved using a The targets covering Services streamlined target validation route greenhouse gas exclusive to small and medium-sized emissions from enterprises (SMEs). company operations https://sciencebasedtargets.org/faqs-for- (scopes 1 and 2) are smes/ consistent with Avieco Ltd commits to reduce absolute reductions required to scope 1 and 2 GHG emissions by 50% by keep warming to 1.5°C. 2030 from a 2018 base year, and to measure and reduce its scope 3 emissions. Aviva PLC Banks, Diverse Committed 01/03/2021 * Financials, Insurance Babcock Aerospace and Committed 08/04/2021 ** International Group Defense PLC

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Barratt 1.5°C Homebuilding Targets Set 31/08/2020 Barratt Developments PLC commits to The targets covering * Developments PLC reduce absolute scope 1 and 2 GHG greenhouse gas emissions by 29% by FY2025 from a emissions from FY2018 base year. Barratt Developments company operations PLC also commits to reduce scope 3 GHG (scopes 1 and 2) are emissions by 24% per square metre by consistent with FY2030 from a FY2018 base year. reductions required to keep warming to 1.5°C. Bennetts Associates 1.5°C Construction and Targets Set 01/03/2019 UK-based architectural practice Bennetts The targets covering Engineering Associates commits to reduce absolute greenhouse gas scope 1 and 2 GHG emissions by 26% by emissions from 2022 from a 2016 base year. Bennetts company operations Associates also commits to reduce (scopes 1 and 2) are absolute scope 3 GHG emissions from consistent with fuel- and energy-related activities, reductions required to upstream leased assets and business keep warming to 1.5°C. travel by 26% within the same timeframe. Brunswick Group Professional Committed 31/05/2020 Services

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** BT plc 1.5°C Telecommunicati Targets Set 31/08/2017 Multinational communications company The targets covering * on Services BT commits to reduce GHG emissions* by greenhouse gas 87% in tons of CO2e per unit of gross emissions from value added by 2030 from a 2016/17 company operations base year. This is in line with current (scopes 1 and 2) are international policy and climate science, consistent with being BT’s share of the global emissions reductions required to reductions needed to limit global keep warming to 1.5°C. warming to 1.5°C. The company also commits to reduce supply chain GHG emissions** by 29% over the same time period. *Here GHG emissions refer to scope 1 and 2 emissions, as defined in the Greenhouse Gas Protocol, expressed as tonnes carbon dioxide equivalent (t CO2e) per unit of gross value added (GVA). **Supply chain emissions refer to all upstream scope 3 emissions (categories 1–8), as defined in the Greenhouse Gas Protocol Scope 3 Standard. Burberry Limited 1.5°C Textiles, Apparel Targets Set 31/05/2019 British luxury fashion house Burberry The targets covering * commits to reduce absolute scope 1 and greenhouse gas 2 GHG emissions by 95% by 2022 from a emissions from 2016 base year. Burberry also commits to company operations reduce absolute scope 3 GHG emissions (scopes 1 and 2) are by 30% by 2030 from a 2016 base year. consistent with reductions required to keep warming to 1.5°C. Burges Salmon LLP Professional Committed 07/01/2021 Services

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Buro Happold 1.5°C Professional Targets Set 31/03/2021 Buro Happold commits to reduce The targets covering Services absolute scope 1, 2 and 3 GHG emissions greenhouse gas by 21% by FY2025 from a FY2020 base emissions from year. Buro Happold also commits to company operations increase annual sourcing of renewable (scopes 1 and 2) are electricity from 40% in FY2020 to 100% consistent with by FY2025. reductions required to keep warming to 1.5°C. Cadent Gas Utilities Committed 01/03/2021 Carbon Intelligence 1.5°C Professional Targets Set 31/05/2019 Energy and carbon management The targets covering Services company Carbon Intelligence commits to greenhouse gas maintain zero absolute scope 1 and 2 emissions from GHG emissions by not consuming fuels company operations and continuing to use electricity from (scopes 1 and 2) are renewable sources through to 2030. consistent with Carbon Intelligence commits to reduce reductions required to Scope 3 GHG emissions from purchased keep warming to 1.5°C. goods and services by 65% per million The renewable energy GBP (British pounds) added value and by procurement target 40% from business travel per passenger- covering scope 2 km by 2030 from a 2017 base year. emissions is consistent Carbon Intelligence commits that 30% of with reductions its suppliers by spend covering purchased required to keep goods and services will set science-based warming to 1.5°C. scope 1 and 2 targets by 2030.

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Chanel 1.5°C Textiles, Apparel Targets Set 31/03/2020 Chanel commits to reduce absolute scope The targets covering 1 and 2 GHG emissions by 50% by 2030 greenhouse gas from a 2018 base year. Chanel also emissions from commits to reduce scope 3 GHG company operations emissions by 40% per unit sold, which is a (scopes 1 and 2) are 10% reduction in absolute emissions by consistent with 2030 from a 2018 base year. reductions required to keep warming to 1.5°C. Christies Specialized Committed 01/03/2021 International PLC Consumer Services Coats Group plc Textiles, Apparel Committed 28/01/2021 ** Coca-Cola European 1.5°C Food and Targets Set 10/12/2020 Coca-Cola European Partners commits to The targets covering * Partners Beverage reduce absolute scope 1, 2 and 3 GHG greenhouse gas Processing emissions by 30% by 2030 from a 2019 emissions from base year. Within that target, Coca-Cola company operations European Partners commits to reduce (scopes 1 and 2) are absolute scope 1 and 2 GHG emissions by consistent with 47% by 2030 from a 2019 base year and reductions required to reduce absolute scope 3 GHG emissions keep warming to 1.5°C. by 29% by 2030 from a 2019 base year. Compass Group Hotels, Committed 08/04/2021 * UK&I Restaurants and Leisure, and Tourism Services Computacenter PLC Software and Committed 21/03/2021 Services Croda International Chemicals Committed 30/06/2019 Pl

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Deloitte 1.5°C Professional Targets Set 30/09/2020 Deloitte commits to reduce absolute The targets covering Services scope 1 and 2 GHG emissions by 70% by greenhouse gas 2030 from a 2019 base year. Deloitte emissions from commits to reduce scope 3 GHG company operations emissions from business travel by 50% (scopes 1 and 2) are per full-time equivalent (FTE) by 2030 consistent with from a 2019 base year. Deloitte also reductions required to commits that 67% of its suppliers by keep warming to 1.5°C. emissions covering purchased goods and services and business travel will have science-based targets by 2025. Dentsu International 1.5°C Media Targets Set 26/11/2020 Dentsu International commits to reduce The targets covering absolute scope 1 and 2 GHG emissions by greenhouse gas 46% by 2030 from a 2019 base year. emissions from Dentsu International commits to reduce company operations absolute scope 3 GHG emissions from (scopes 1 and 2) are purchased goods and services and consistent with business travel by 46% by 2030 from a reductions required to 2019 base year. keep warming to 1.5°C. Derwent London Plc Well below Real Estate Targets Set 01/03/2019 British-based investment and The targets covering ** 2°C development company Derwent London greenhouse gas commits to reduce scope 1 and 2 GHG emissions from emissions by 55% per square metre by company operations 2027 from a 2013 base year. Derwent (scopes 1 and 2) are London also commits to reduce scope 3 consistent with GHG emissions by 20% per square metre reductions required to by 2027 from a 2017 base year. keep warming to well below 2°C.

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Diageo Plc Well below Food and Targets Set 30/09/2016 Multinational alcoholic beverages The targets covering * 2°C Beverage company Diageo plc commits to reduce greenhouse gas Processing absolute scope 1 and scope 2 emissions emissions from by 50% by 2020 from a 2007 base year. company operations Also, the company commits to reduce its (scopes 1 and 2) are GHG emissions across the total supply consistent with chain of its products by 30% within the reductions required to same timeframe. keep warming to well below 2°C. DLA Piper Professional Committed 31/07/2020 International Services Drax Group plc Electric Utilities Committed 01/12/2019 ** and Independent Power Producers and Energy Traders (including fossil, alternative and nuclear energy) Entain PLC Specialized Committed 01/03/2021 Consumer Services ERM Well below Professional Targets Set 01/03/2019 Management consulting services The targets covering 2°C Services company ERM commits to a 30% greenhouse gas reduction in absolute scope 1 and 2 GHG emissions from emissions by 2025 from a 2014 base year. company operations ERM commits to an 11% reduction in (scopes 1 and 2) are absolute GHG emissions from business consistent with travel and employee commuting by 2025 reductions required to from a 2018 base year. keep warming to well below 2°C.

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** European Metal Solid Waste Committed 07/01/2021 Recycling Limited Management Utilities Eversheds Professional Committed 01/03/2021 Sutherland Services (International) LLP EY Professional Committed 28/01/2021 Services FirstGroup PLC Ground Committed 08/04/2021 ** Transportation – Railroads Transportation Forterra PLC Construction Committed 01/03/2021 ** Materials Frazer-Nash Professional Committed 01/02/2021 Consultancy Ltd Services GlaxoSmithKline 1.5°C Pharmaceuticals, Targets Set 01/03/2019 GlaxoSmithKline commits to reduce The targets covering * Biotechnology absolute scope 1 and 2 GHG emissions by greenhouse gas and Life 34% by 2025 from a 2017 base year. GSK emissions from also commits to reduce absolute scope 3 company operations GHG emissions by 16% by 2030 from a (scopes 1 and 2) are 2017 base year. consistent with reductions required to keep warming to 1.5°C. Grant Thornton UK 1.5°C Professional Targets Set 01/11/2019 Professional services network Grant The targets covering LLP Services Thornton UK LLP commits to reduce greenhouse gas absolute scope 1 and 2 GHG emissions by emissions from 21% by 2023 from a 2018 base year. company operations Grant Thornton UK LLP also commits to (scopes 1 and 2) are reduce absolute scope 3 GHG emissions consistent with by 21% by 2023 from a 2018 base year. reductions required to keep warming to 1.5°C.

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Green Element 1.5°C Professional Targets Set 30/04/2020 Green Element Limited commits to The targets covering Limited Services reduce absolute scope 1, 2 and 3 GHG greenhouse gas emissions by 21% by 2023 from a 2018 emissions from base year. company operations (scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C. Heathrow Airport Air Committed 31/08/2018 Transportation – Airport Services HH Global Media Committed 30/04/2020 Hilton Food Group Food and Committed 01/02/2021 ** Beverage Processing innocent drinks 1.5°C Food and Targets Set 30/09/2020 innocent drinks commits to reduce The targets covering Beverage absolute scope 1 and 2 GHG emissions by greenhouse gas Processing 100% by 2030 from a 2019 base year. emissions from innocent drinks commits to reduce scope company operations 3 GHG emissions by 50% per litre of (scopes 1 and 2) are finished product by 2030 from a 2019 consistent with base year. reductions required to keep warming to 1.5°C. International Air Committed 01/12/2019 * Consolidated Airlines Transportation – Group (IAG) Airlines Intertek Group plc Professional Committed 01/02/2021 * Services J C Bamford Electrical Committed 21/03/2021 Excavators Ltd (JCB) Equipment and Machinery

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** J Sainsbury plc 1.5°C Food and Staples Targets Set 01/11/2020 Sainsbury’s commits to reduce absolute The targets covering * Retailing scope 1 and 2 GHG emissions by 50% by greenhouse gas FY2030 and 100% by 2040 from a FY2019 emissions from base year.* Sainsbury’s commits to company operations reduce absolute scope 3 GHG emissions (scopes 1 and 2) are from purchased goods and services, consistent with upstream transport and distribution and reductions required to the direct use of sold products by 30% by keep warming to 1.5°C. FY2030 from a FY2019 base year. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks. Jaguar Land Rover Automobiles and Committed 31/03/2021 Components JD Sports Fashion Textiles, Apparel Committed 07/01/2021 * PLC Johnson Matthey Plc Chemicals Committed 08/04/2021 * Kier Highways Construction and Committed 30/06/2020 Limited Engineering Kingfisher 2°C Retailing Targets Set 01/02/2019 British multinational retailing company The targets covering * Kingfisher commits to reduce absolute greenhouse gas scope 1 and 2 GHG emissions by 22% by emissions from 2025 from a 2016 base year. Kingfisher company operations also commits to reduce scope 3 GHG (scopes 1 and 2) are emissions from purchased goods and consistent with services and use of sold products by 40% reductions required to per £million turnover by 2025 from a keep warming to 2°C. 2017 base year.* *The target boundary includes biogenic emissions and removals associated with the use of bioenergy.

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** KPMG International Professional Committed 05/11/2020 Limited Services KPMG UK LLP 1.5°C Professional Targets Set 31/05/2020 KPMG UK commits to reduce absolute The targets covering Services scope 1 and 2 GHG emissions by 100% by greenhouse gas 2030 from a 2017 base year and scope 3 emissions from emissions by 25% over the same company operations timeframe. (scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C. Landsec 1.5°C Real Estate Targets Set 01/12/2016 UK-based commercial property The targets covering * development and investment company greenhouse gas Landsec commits to reduce absolute GHG emissions from emissions by 70% by 2030 from a 2014 company operations base year (scope 1, scope 2 and a portion (scopes 1 and 2) are of scope 3 emissions from downstream consistent with leased assets). reductions required to keep warming to 1.5°C. Legal & General Banks, Diverse Committed 01/03/2021 * Group PLC Financials, Insurance Lightsource bp Electric Utilities Committed 30/09/2020 and Independent Power Producers and Energy Traders (including fossil, alternative and nuclear energy) Lloyd’s Register Professional Committed 01/03/2021 Services

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** London Stock 1.5°C Banks, Diverse Targets Set 31/03/2017 London Stock Exchange commits to The targets covering * Exchange Group PLC Financials, reduce absolute scope 1, 2 and 3 greenhouse gas Insurance (business travel) GHG emissions by 46% emissions from by 2030 from a 2019 base year. London company operations Stock Exchange also commits that 66% of (scopes 1 and 2) are its suppliers by emissions covering scope consistent with 3 purchased goods and services will have reductions required to science-based targets by 2025. keep warming to 1.5°C. MacArthur Green 1.5°C Professional Targets Set 28/01/2021 This target was approved using a The targets covering Services streamlined target validation route greenhouse gas exclusive to small and medium-sized emissions from enterprises (SMEs). company operations https://sciencebasedtargets.org/faqs-for- (scopes 1 and 2) are smes MacArthur Green commits to consistent with reduce absolute scope 1 and 2 GHG reductions required to emissions by 50% by 2030 from a 2018 keep warming to 1.5°C. base year, and to measure and reduce its scope 3 emissions. Mishcon de Reya LLP Professional Committed 14/01/2021 Services Mitie Professional Committed 01/02/2021 ** Services Mott MacDonald 1.5°C Professional Targets Set 30/09/2020 Mott MacDonald Group Limited commits The targets covering Group Limited Services to reduce absolute scope 1 and 2 GHG greenhouse gas emissions and scope 3 GHG emissions emissions from from fuel and energy related activities company operations and business travel by 25% by 2024 from (scopes 1 and 2) are a 2018 base year. consistent with reductions required to keep warming to 1.5°C.

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Multiplex 1.5°C Construction and Targets Set 01/02/2019 International construction contractor The targets covering Construction Europe Engineering Multiplex Construction Europe commits greenhouse gas to reduce absolute scope 1 and 2 GHG emissions from emissions by 55% by 2030 from a 2017 company operations base year. The company also commits (scopes 1 and 2) are that key suppliers representing 95% of consistent with emissions from purchased goods will set reductions required to a science-based emission reduction keep warming to 1.5°C. target by 2023. National Grid PLC Well below Electric Utilities Targets Set 15/04/2021 Multinational energy utility National Grid The targets covering * 2°C and Independent PLC commits to reduce absolute scope 1 greenhouse gas Power Producers and 2 GHG emissions by 80% by FY2031 emissions from and Energy from a FY1991 base year. This is company operations Traders (including equivalent to a 50% absolute reduction (scopes 1 and 2) are fossil, alternative from a FY2016 base year. The company consistent with and nuclear also commits to reduce absolute scope 3 reductions required to energy) GHG emissions by 37.5% by FY2034 from keep warming to well a FY2019 base year. The targets include a below 2°C. commitment to reduce absolute scope 1 and 3 GHG emissions from all sold electricity by 50% by FY2031 from a FY2016 base year. NATS Air Committed 01/03/2021 Transportation – Airport Services NatWest Group plc Banks, Diverse Committed 19/11/2020 * Financials, Insurance Osborne Construction and Committed 31/03/2021 Infrastructure Engineering Limited

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** OVO Energy Electric Utilities Committed 30/06/2020 and Independent Power Producers and Energy Traders (including fossil, alternative and nuclear energy) PA Consulting Professional Committed 01/03/2021 Services Pets at Home Group Retailing Committed 01/03/2021 ** Phoenix Group Banks, Diverse Committed 26/11/2020 * Holdings plc Financials, Insurance Pinsent Masons LLP Professional Committed 01/03/2020 Services PricewaterhouseCoo Professional Committed 03/12/2020 pers International Services Limited (PwC IL)

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Reckitt Benckiser 1.5°C Consumer Targets Set 21/01/2021 Reckitt Benckiser commits to reduce The targets covering * Group plc Durables, absolute scope 1 and 2 GHG emissions by greenhouse gas Household and 65% by 2030 from a 2015 base year.* emissions from Personal Reckitt Benckiser commits to reduce company operations Products absolute scope 3 GHG emissions by 50% (scopes 1 and 2) are by 2030 from a 2015 base year. Reckitt consistent with Benckiser commits to increase annual reductions required to sourcing of renewable electricity from 5% keep warming to 1.5°C. in 2015 to 100% by 2030. *The target The renewable energy boundary includes biogenic emissions procurement target and removals from bioenergy feedstocks. covering scope 2 emissions is consistent with reductions required to keep warming to 1.5°C. Refinitiv 1.5°C Software and Targets Set 28/01/2021 Refinitiv commits to reduce absolute The targets covering Services scope 1 and 2 GHG emissions by 50% by greenhouse gas 2030 from a 2018 base year. Refinitiv emissions from commits to reduce absolute scope 3 fuel- company operations and-energy-related activities, business (scopes 1 and 2) are travel and employee commuting GHG consistent with emissions by 25% by 2025 from a 2019 reductions required to base year. Refinitiv also commits that keep warming to 1.5°C. 65% of its suppliers by spend covering purchased goods and services and capital goods will have science-based targets by 2025.

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** RES Group Electric Utilities Committed 04/12/2020 and Independent Power Producers and Energy Traders (including fossil, alternative and nuclear energy) Ricardo PLC Professional Committed 01/12/2020 ** Services Rightmove plc Software and Committed 24/01/2021 ** Services Rolls-Royce plc Electrical Committed 31/05/2020 * Equipment and Machinery Schroders Banks, Diverse Committed 01/02/2021 * Financials, Insurance

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Scottish Hydro 1.5°C Electric Utilities Targets Set 31/07/2020 Scottish Hydro Electric Transmission plc The targets covering Electric Transmission and Independent commits to reduce absolute scope 1 and greenhouse gas plc Power Producers 2 GHG emissions by 46% by FY2029/30 emissions from and Energy from a FY2018/19 base year. Scottish company operations Traders (including Hydro Electric Transmission plc commits (scopes 1 and 2) are fossil, alternative to reduce scope 3 transmission losses consistent with and nuclear GHG emissions by 50% per gCO2e from reductions required to energy) losses/kWh over the same target period. keep warming to 1.5°C. Scottish Hydro Electric Transmission plc also commits that 67% of its suppliers by spend covering capital goods, fuel and energy related activities, upstream transportation and distribution and waste generated in operations, will have science-based targets by FY2024/25. Scottish Leather Textiles, Apparel Committed 01/03/2021 Group Shoosmiths LLP Professional Committed 01/12/2020 Services Sipsmith Food and Committed 01/03/2021 Beverage Processing Sky Group Media Committed 01/02/2020 Softcat plc Software and Committed 04/02/2021 Services

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** SSE Well below Electric Utilities Targets Set 31/05/2020 SSE plc commits to reduce scope 1 GHG The targets covering * 2°C and Independent emissions by 60% per gCO2e/kWh by greenhouse gas Power Producers 2030 from a 2018 base year. SSE plc emissions from and Energy commits to reduce absolute scope 1 and company operations Traders (including 2 GHG emissions by 40% by 2030 from a (scopes 1 and 2) are fossil, alternative 2018 base year. SSE plc commits that consistent with and nuclear 50% of its suppliers by spend will have reductions required to energy) science-based targets by 2024. SSE plc keep warming to well also commits to reduce absolute GHG below 2°C. emissions from use of products sold by 50% by 2034 from a 2018 base year. Note – the target boundary includes biogenic emissions and removals from bioenergy feedstocks. Stella McCartney Textiles, Apparel Committed 03/12/2020 Story Contracting Ltd Construction and Committed 01/03/2021 Engineering TalkTalk Telecommunicati Committed 12/11/2020 ** on Services Tesco 1.5°C Food and Staples Targets Set 31/05/2017 British multinational grocery and general The targets covering * Retailing merchandise retailer Tesco commits to greenhouse gas reduce scope 1 and 2 GHG emissions by emissions from 60% by 2025, using a 2015 base year. company operations Tesco also commits to reduce its scope 3 (scopes 1 and 2) are GHG emissions by 17% by 2030, using a consistent with 2015 base year. The emissions categories reductions required to covered by the scope 3 target are keep warming to 1.5°C. purchased goods and services (supply chain), fuel and energy related activities, upstream transportation and distribution, and waste generated in operations.

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** The Berkeley Group 1.5°C Real Estate Targets Set 21/03/2021 The Berkeley Group commits to reduce The targets covering * Holdings plc absolute scope 1 and 2 GHG emissions by greenhouse gas 50% by FY2030 from a FY2019 base year. emissions from The Berkeley Group also commits to company operations reduce scope 3 purchased goods and (scopes 1 and 2) are services and use of sold products GHG consistent with emissions by 40% per square foot of reductions required to legally completed floor area over the keep warming to 1.5°C. same timeframe. The British Land 1.5°C Real Estate Targets Set 01/03/2021 British Land commits to reduce absolute The targets covering * Company PLC scope 1 and 2 GHG emissions by 51% by greenhouse gas FY2030 from a FY2020 base year. British emissions from Land also commits to reduce scope 3 company operations GHG emissions by 55% per square metre (scopes 1 and 2) are of net lettable area over the same target consistent with timeframe. reductions required to keep warming to 1.5°C. The British Standards Professional Committed 01/03/2021 Institution (BSI) Services The Co-operative 1.5°C Food and Staples Targets Set 31/05/2019 British consumer co-operative The Co- The targets covering Group Ltd Retailing operative Group commits to reduce greenhouse gas absolute scope 1 and 2 GHG emissions by emissions from 50% by 2025 from a 2016 base year. The company operations Co-operative Group also commits to (scopes 1 and 2) are reduce absolute scope 3 emissions from consistent with purchased goods and services, upstream reductions required to transportation and distribution, waste keep warming to 1.5°C. generated in operations and end-of-life treatment of sold products by 11% within the same timeframe. The Midcounties Co- Retailing Committed 01/03/2021 operative

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Troup Bywaters + 1.5°C Professional Targets Set 01/03/2021 This target was approved using a The targets covering Anders Services streamlined target validation route greenhouse gas exclusive to small and medium-sized emissions from enterprises (SMEs). company operations https://sciencebasedtargets.org/faqs-for- (scopes 1 and 2) are smes/ Troup Bywaters + Anders commits consistent with to reduce absolute scope 1 and 2 GHG reductions required to emissions by 50% by 2030 from a 2018 keep warming to 1.5°C. base year, and to measure and reduce its scope 3 emissions. Turner & Townsend 1.5°C Professional Targets Set 31/03/2021 Turner & Townsend commits to reduce The targets covering Ltd Services absolute scope 1 and 2 GHG emissions by greenhouse gas 50% by FY2030/31 from a FY2018/19 emissions from base year. Turner & Townsend also company operations commits to reduce absolute scope 3 GHG (scopes 1 and 2) are emissions by 15% within the same consistent with timeframe. reductions required to keep warming to 1.5°C. Unilever plc 1.5°C Consumer Targets Set 31/05/2017 Dutch–British transnational consumer The targets covering * Durables, goods company Unilever commits to greenhouse gas Household and reduce scope 1 and 2 GHG emissions by emissions from Personal 100% by 2030 from a 2015 base year. company operations Products The company also commits to reduce (scopes 1 and 2) are GHG emissions from the life-cycle of their consistent with products by 50% per consumer use by reductions required to 2030 from a 2010 base year. keep warming to 1.5°C. United Utilities Water Utilities Committed 26/11/2020 * Group PLC

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Vodafone Group Plc 1.5°C Telecommunicati Targets Set 19/11/2020 Multinational technology The targets covering * on Services communications company Vodafone greenhouse gas commits to reduce absolute scope 1 and emissions from 2 GHG emissions by 95% by FY2030 from company operations a FY2020 base year. Vodafone commits (scopes 1 and 2) are to reduce absolute scope 3 GHG consistent with emissions by 50% within the same reductions required to timeframe. Vodafone also commits to keep warming to 1.5°C. increase annual sourcing of renewable The renewable energy electricity from 26% in FY2020 to 100% procurement target by FY2025. covering scope 2 emissions is consistent with reductions required to keep warming to 1.5°C. Western Power Electric Utilities Committed 08/04/2021 Distribution plc and Independent Power Producers and Energy Traders (including fossil, alternative and nuclear energy) Willmott Dixon 1.5°C Construction and Targets Set 30/09/2020 Willmott Dixon commits to reduce The targets covering Holdings Limited Engineering absolute scope 1 and 2 GHG emissions by greenhouse gas 100% by 2030 from a 2018 base year. emissions from Willmott Dixon also commits to reduce company operations absolute scope 3 GHG emissions from (scopes 1 and 2) are purchased goods and services by 55% by consistent with 2030 and 100% by 2040 from a 2018 reductions required to base year. keep warming to 1.5°C.

UK business and policy leadership for net zero: analysis of progress to reduce emissions

Company name Target Sector Status Date Target Target classification FTSE100* qualification FTSE250** Workspace Group 1.5°C Real Estate Targets Set 05/11/2020 Workspace commits to reduce absolute The targets covering ** PLC scope 1 GHG emissions by 42% by greenhouse gas FY2030 from a FY2020 base year. emissions from Workspace commits to continue annually company operations sourcing 100% renewable electricity (scopes 1 and 2) are through to FY2030. Workspace also consistent with commits to reduce scope 3 GHG from reductions required to capital goods by 20% per square foot of keep warming to 1.5°C. net lettable area by FY2030 from a FY2020 base year. WPP Group Media Committed 23/01/2021 *