This is the IoD’s first year of certification to The Planet Mark. It first calculated the carbon footprint of its London operational site for the year ending December 2019 and set a target to reduce emissions by 5% annually.
The IoD’s total location-based carbon footprint in the year ending December 2019 was 554.4 tCO2e and the relative carbon footprint was 3.8 tCO2e per employee. If the IoD was to achieve its carbon reduction target, it would be the equivalent carbon saving of 68,700 miles of driving in a car.
Sustainability is becoming important for businesses across all industries. The need to act is in the interest of both the planet and the security of the industry. According to PwC, 64% of UK CEOs see climate change as a threat to their business. Strong leadership and collaboration among leaders are integral to positive action on business’ carbon footprints.
Steve Malkin, Founder and CEO of The Planet Mark, said: “This is a real statement from The Institute of Directors. The world is in a moment of change, and business leaders must take the reigns and steer the industry in the right direction. The IoD team is clear in its ambition to take this mantle, and I commend them all for their efforts in reducing their carbon footprint. Actions are powerful, and I hope this is the first of many we achieve together.”
Founded in 1903 and incorporated by Royal Charter in 1906, the IoD has an extensive history of supporting business leaders. As business leaders increasingly concern themselves with sustainability, the IoD recognises climate change as one of the leading issues affecting business today. The Institute has taken a number of measures to help improve sustainability among its networks, such as the launch of its Sustainable Business content hub and special interest group, and in sponsoring the Best Newcomer Award at the upcoming Planet Mark Awards.
CERTIFIED YEAR 1
This is to certify that IOD has achieved a reduction in its carbon footprint and is committed to continous improvement in sustainability.
Valid to 31 March 2021
Sir Tim Smit KBE
3.8 tCO2e carbon footprint per employee
554.4 tCO2e total carbon footprint
We are committed to reducing our carbon emmissions yearly so that together, we can all halt climate change
146 FTE employees
We engage our employees and wider stakeholders to unlock their talent and knowledge to drive year on year progress in sustainability.
We recognise that transparent communication is essential for transformational change and we quantifiably report on
5 SUSTAINABLE DEVELOPMENT GOALS