Broadstone has committed to set near-term company-wide carbon emission reduction targets through the Science Based Targets initiative (SBTI).

The consultancy has submitted its targets, which aim to be in line with the latest climate science and cover scope 1, 2 and 3 emissions, for approval by the SBTI.

Broadstone said that its commitment helped it ensure it joined the ‘global movement’ for ambitious corporate decarbonisation in recognition of the urgent need for climate action.

It noted that while the latest science indicated that it was still possible to limit global temperature rises to 1.5 degrees, large cuts in emissions were crucial to achieving this.

The commitments follow the wider agenda outlined in Broadstone’s sustainability policy, which aims to deliver on a range of sustainability targets covering its colleagues and operations, alongside reducing carbon emissions.

As part of this, the consultancy has developed an ESG metric to help employers score how their benefits package measures up against ESG principles.

Commenting on the announcement, Broadstone chief executive officer, Tony Gusmao, said: “Broadstone’s mission is to empower people’s prosperity. To achieve this, we must ensure we can deliver sustainable outcomes for our clients, our colleagues and our environment. These commitments demonstrate our urgent desire to turn this into action.”

Broadstone sustainability lead and investment consultant, Matthew Downey, added: “The near-term SBTI pledges we have made demonstrate Broadstone’s commitment to leading the pension consultancy sector in delivering sustainable change.

“By measuring, offsetting and cutting our emissions we can take meaningful action to reduce our impact on the society and environment we live in.”

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