Investors
ESG Reporting
Doing business in a clear, open way is a commitment we work hard to keep, and we promote transparency where possible throughout our industry. We have voluntarily reported on our environmental and social performance since 2007.
Our sustainability reporting focuses on the challenges that most affect our business performance and matter most to our key stakeholders.
Total Commitment targets
| Total Commitment | KPI | 2025 target | 2030 target | Horizon ambition |
|---|---|---|---|---|
| Protecting people | Lost time incident rate¹ (LTIR) | 0.21 | 0.18 | Zero incidents |
| Developing people | No. of training days² per employee per year | 5 days | 6 days | 7 days |
| Improving the environment | Reduction in Scope 1 and 2 carbon emissions³ from 2019 baseline | 30% | 60% | Zero emissions |
| Reduction in operational Scope 3⁴ carbon emissions from 2019 baseline | 30% | 60% | Zero emissions | |
| Supply chain by spend providing their own carbon data⁵ | £500m | £1bn | 100% of supply chain by spend | |
| Reduction in carbon emissions from the Group's vehicle fleet from 2019 baseline⁶ | 30% | 60% | 100% of vehicle fleet fully electric | |
| Working together with our supply chain | Percentage of total invoices paid within 30 days | 70% | 80% | 95% |
| Enhancing communities | Average monetary value of social activities delivered per £1 spent | 85p | 90p | £1.01 |
1 Number of lost time incidents x 100,000 divided by the number of hours worked. Lost time incidents are those resulting in absence from work for a minimum of one working day, excluding the day the incident incurred.
2 A training day is a minimum of six hours of training.
3 Scope 1 is direct emissions from sources owned or controlled by the Group and Scope 2 is indirect emissions generated from purchased energy. The 2019 baseline was 20,903 tonnes CO2e. A 2019 baseline has been applied as 2020 performance was impacted by Covid.
4 All indirect emissions not included in Scope 2 that occur in limited categories of our value chain as measured by the Toitū ‘carbonreduce’ scheme. The 2019 baseline was 6,339 tonnes CO2e.
5 Wider Scope 3 emissions outside of operational Scope 3.
6 The 2019 baseline was 12,078 tonnes CO2e.
Reporting standards and frameworks
| Framework | 2022 | 2021 | 2020 |
|---|---|---|---|
| Task Force on Climate-related Financial Disclosures (TCFD) |
Expanded disclosures | Initial statement released with commitment to expand disclosures | N/A |
| Science-based targets |
Aligned to a 2 degree scenario based on 2019 baseline and submitted targets for re-accreditation to a 1.5 degree scenario. New targets validated in March 2023. | Aligned to a 2 degree scenario based on 2019 baseline | Aligned to a 2 degree scenario based on 2016 baseline |
| Global Reporting Initiative |
Compliant | Compliant | Compliant |
Global Reporting Intitiative
Our annual report and responsible business data sheet has been prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core option
What is the Global Reporting Initiative?
The Global Reporting Initiative (GRI) has developed Sustainability Reporting Guidelines that strive to increase the transparency and accountability of economic, environmental, and social performance. It was established in 1997 in partnership with the United Nations’ Environment Programme. It is an international, multi-stakeholder and independent institution whose mission is to develop and disseminate globally applicable Sustainability Reporting Guidelines. These guidelines are for voluntary use by organisations for reporting on the economic, environmental, and social dimensions of their activities, products and services.
We recognise the value of the GRI in assisting the process of improving disclosure by identifying sustainability indicators, and in enhancing the comparability and standardisation of reporting. In 1999 we began to work with the GRI to test their guidelines and support their further development.
For a detailed explanation, visit:
Task Force on Climate-related Financial Disclosures (TCFD)
We welcome the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD is a global initiative to get companies across all sectors to assess climate-related risks and opportunities.
It recommends that companies disclose information in four areas: governance, strategy, risk management, and targets and metrics.
A copy of the Group’s disclosures related to recommendations by the TCFD can be found in our:
Science-based targets
We achieved accreditation for our science-based targets in 2018 and introduced our net zero strategy in 2021. We are committed to achieving net zero for our scope 1, scope 2 and operational scope 3 emissions by 2030. This will be achieved by a 60% reduction in each of these emissions against our 2019 baseline and limited offsetting of any residual emissions through our investment in projects based in the UK.
What are science-based targets?
Science-based targets provide a clearly-defined pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth.
Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.
ESG data providers and ratings
| ESG survey | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| CDP climate change rating | A | A | A | A- |
| CDP forest rating | B | B | B | C |
| CDP water rating | C | C | C | C |
| CDP supplier engagement rating | A | A | A | N/A |
| MSCI ESG rating* | AAA | AAA | AA | AA |
| FTSE4Good | Included in the index since 2009 | |||
| ISS ESG corporate rating | C | C | C |
The date is the publish date and does not necessarily reflect the same year the data was reported.
The use by Morgan Sindall Group plc of any MSCI ESG research llc or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Morgan Sindall Group plc by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.