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 Sustainability Goals most closely aligned to our business in terms of our ability to contribute. We are working closely with an external party, TBL Services, to help us drive this journey, evolving it as necessary to ensure continued relevance and improvement. The first step in this initiative is our adoption of a 5-Stage Sustainability Roadmap, as follows:
- Identify – determine which of the 17 Sustainability Goals are most relevant to our organisation
- Commit – make measurable commitments to our goals
- Act – take action with our customers, suppliers and employees to support our commitments
- Measure – assess our progress against our goals and commitments
- Share – share our journey to inspire and encourage others
Sustainability Goals 12 (Responsible Consumption and Production) and 13 (Climate Action) are two of the United Nations Sustainability Goals we have identified as most relevant to our organisation. To support these, we are implementing policies, practices, and schemes within all of our working environments (including our offices, working from home and on customer sites) that:
- Drive the sustainable and efficient consumption of required resources such as water, gas and electricity
- Increase recycling levels
- Discourage unnecessary consumption that impacts natural resources (such as the use of paper)
Integral to our plan is our drive towards achieving a Carbon Neutral (net zero) status. We are actively reducing our carbon footprint by reducing emissions and will support ‘Caron Offsetting’ projects as required to ensure a zero or negative emissions balance.
We have 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 expect to publish our commitments to our goals (Stage 2) by the 31st December 2021, create and begin implementing a supply chain action plan (Stage 3) by the 31st January 2022, and to publish our initial progress (Stage 4) by the 31st March 2022.
Specifically in relation to staff, suppliers, customers, and communities, we will support environmental protection and improvement by:
- 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.
- 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.
- 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.
- 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.