As doing the right thing is a fundamental aspect of our culture, it is a key driver of our environmental approach. This is centred around all parts of the business taking responsibility for how our activities affect the environment and how we can reduce our impacts so that we all have a more stable environmental and financial future.
As a professional services business, XPS generates relatively low emissions, particularly when compared to other industries. However, we are still committed to reducing our own emissions and encouraging those in our value chain to lower theirs too.
Committing to net zero
Achieving net zero status is a global ambition designed to avoid the worst effects of climate change. We know, as a private sector business, we have to play our part in reducing emissions and promoting change in our industry and supply chain, to facilitate the global achievement of net zero. In 2023 we officially committed to a net zero strategy which aims to reduce our emissions to net zero before 2050. The group have set ambitious interim objectives to halve direct operational emissions and source 100% renewable energy by 2030, as well as longer term targets to retire all gas heating in facilities, send zero waste to landfill and reduce waste generation in general. We believe making the moral choices today will not only benefit the planet but offer long-term cost-saving opportunities and the potential to attract new client prospects.
Achieving carbon neutral status
Our net zero strategy sets XPS on an ambitious long-term trajectory however, we appreciate the need for rapid decarbonisation and action today. That is why XPS has once more achieved carbon neutrality across all scopes of emissions including those relating to our supply chain, business travel, staff commute and remote working arrangements.
It's important to XPS that any carbon offsetting exercise is credible, tangible, and beneficial. The business chose to quantify emissions in accordance with principles defined by respected industry frameworks such as the GHG Protocol, Streamlined Energy and Carbon Reporting and the Science Based Targets Initiative to assure credibility and improve carbon accounting accuracy.
XPS sourced high-quality carbon credits from respected and certified carbon credit trading platforms, UNFCCC’s and Gold Standard. Notably, XPS chose to invest in clean energy and reforestation & biodiversity schemes in Africa and Panama respectively. It is important to XPS that these offsets make a real impact within the community, improving the local environment, offering work opportunities to local people, and promoting sustainable habits, all whilst delivering the carbon reductions associated with carbon credits.
Offsets cannot deliver the group’s net zero strategy however, we are proud to support less privileged communities whilst improving the global environment and taking responsibility for our actions.
Case study: Sustainable refurbishment of our Strand office
When the XPS office at 11 Strand streamlined from two floors to one during the pandemic, it was the perfect opportunity for a makeover.