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Our Sustainability Pledge
Venture 1 is underpinned by ethical values and is committed to supporting the United Nation’s “shared blueprint for peace and prosperity for people and the planet, now and into the future”. Core to our strategy is to effectively minimise the environmental impacts of our existing business operations and ensure that the environmental impacts of new operations are fully assessed and minimised prior to their introduction.
We have embarked upon a Corporate Responsibility and Sustainability Roadmap that supports those of the 17 United Nations Sustainable Development Goals most closely aligned to our business in terms of our ability to contribute. And we've been awarded the maximum 5-Star Rating than only a handful of businesses have achieved worldwide.
We have worked closely with an external party, TBL Services, to help us drive this journey, evolving it as necessary to ensure continued relevance and improvement.
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Our Sustainability Roadmap
We have adopted a 5-Stage Sustainability Roadmap, containing the following steps:
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PRIORITY GOALS – determine which of the 17 UN Sustainable Development Goals are most relevant to our organisation
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MEASURABLE TARGETS - make measurable commitments to our goals
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PERFORMANCE DATA - assess our progress against our goals and commitments
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TAKING ACTION - take action with our customers, suppliers and employees to support our commitments
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SUPPLIER EDUCATION - share our journey to inspire and encourage others
Our Chosen Priority Goals
We have identified the Sustainability Goals we believe are the most relevant to our business and that we are consequentially able to make the most impact by supporting them. We have selected Sustainability Goal 8 (Decent Work and Economic Growth), Sustainability Goal 13 (Climate Change), and Sustainability Goal 16 (Peace and Justice, Strong Institutions).
Our Timetable of Commitments
We set ourselves an aggressive timetable of the 1st September 2022 to implement all 5 stages of our Sustainability Roadmap, with a commitment to improving upon our goals year-on-year. We're pleased to announce that we have already met our initial target, achieving our 5-Star Support the Goals rating on the 27th May 2022.
Our Initial Steps
Relating specifically to how our 5-Stage Sustainability Roadmap will influence staff, suppliers, customers, and communities to support environmental protection and improvement, we are:
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Implementing a Sustainability Code of Conduct that requires all employees and representatives to adhere to practices that conserve energy, minimise carbon emissions and waste, and increase energy efficiency and recycling. We will measure adoption KPIs on a quarterly basis, with the objective of ensuring that we are effecting a long-term cultural change towards environmental sustainability within our business.
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Implementing Supply Chain Monitoring to assess and score our suppliers and partners with respect to their sustainability records and goals. We will phase out engagements with supplier and partner organisations that score low by demonstrating insufficient activity and alignment with United Nations Sustainability Goals, by the end of 2022.
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Encouraging our employees and representatives to adhere to the positive behaviours set out in our Sustainability Code of Conduct at all times when engaging with our customers.
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Supporting ‘green’ initiatives within the local communities close to our offices and homes, and along with global community projects, to drive the ‘net zero’ agenda through optimization or offsetting projects. Initiatives will be assessed and reviewed on a quarterly basis alongside our own measurable commitments to our goals to ensure we are contributing sufficiently to achieve our targets.
The purpose of the above is, through an accumulation of many small acts and behaviours, to inspire, lead by example, and drive real, global environmental protection and improvement.