Broadstone, a leading, independent, UK consultancy delivering expert advice to employers, insurers, lenders and pension scheme trustees, has published its 2024/25 Sustainability Policy and updated on progress to meeting its sustainability targets.
Of the six targets published in last year’s Report, Broadstone has achieved five:
- Target: reducing median gender pay gap below 10%
At the end of October 2024, this was 6% and below Broadstone’s peers. - Target: increasing the percentage of its workforce from minoritised groups
As at end of October 2024, this was 12.8%. - Target: making carbon reduction targets across the business
Broadstone has agreed carbon reductions with the Science-Based Target initiative (SBTi), including reducing scope 1 greenhouse gas emissions by 50.4% by financial year (FY) 2032 and increasing active annual sourcing of renewable electricity from 63% to 100% by FY 2030. - Target: saving 15 tonnes of CO2e through efficiencies in power consumption
Over 17 tonnes of CO2 equivalent saved and Broadstone continues to give its older IT equipment to the Turing Trust to re-purpose for schools in developing countries. - Target: reviewing HR policies and practises against ESG principles
Broadstone changed its own pension provider, so employees’ contributions now have a Net Zero carbon target by 2050 and the default fund has already met its 50% reduction target.
On its sixth target – aiming for 50% of our workforce being female – Broadstone has seen staffing mix changes through acquisitions so as at end October 2024, 46% of employees were female, 52% male, with 2% transgender or non-binary.
Broadstone continues to make further strides towards achieving its ESG objectives such as becoming members of Race Equality Matters and Neurodiversity in Business. Improvements have also been made to recruitment practices to support neurodiversity and social mobility.
Meanwhile for its staff, Broadstone’s latest mentoring scheme has 43 partnerships across its workforce and the business introduced the Next Steps programme, which allows a personalised approach to developing the commercial skills needed for career progression.
Tony Gusmao, CEO of Broadstone, said: “This is Broadstone’s third Sustainability Policy, highlighting our belief that long term success is built on more than just financial performance. Last year, we set a range of ambitious goals to improve sustainability and we are delighted to have accomplished the majority of them. We are particularly proud of our commitment to reducing carbon emissions, by agreeing stringent targets with the SBTi.”
