SCB assists companies to substitute high carbon commodities for cleaner alternatives, for example, increasing ethanol in fuel. SCB also helps companies achieve carbon neutrality through carbon credits to abate their emissions; and offers sustainable certifications to individuals and small businesses with the ‘ClimatePositive‘ label.
Global context
The UN climate conference COP26 in November 2021 saw UN members back governments to trade emissions, adopting a market-based solution. There has been a strong growth of the voluntary carbon market (VCM) over the past three years. Adoption of voluntary carbon credits grew 30% p/a to 2019 and could grow from 30% to 50% a year until 2030 (Trove). Trading on carbon markets grew by 164% in 2021, to EUR760bn ($897bn) (The Economist).
In a recent podcast with Let’s Talk Climate Business, SCB’s Samantha Bilski-Madiou, outlines the ways in which SCB is ‘walking the talk’ on sustainability.
Listen to the podcast episode here.
Carbon neutral since 2021 and committed to becoming Net Zero by 2030
SCB has abated more than 550 million MT of C02 through its global transactions. In its pursuit of a low carbon future, SCB has become a carbon-neutral company, advancing towards its mission and its Net Zero commitment by 2030. SCB as a business, has compensated its scope 1, 2 and 3 emissions amounting to 151 tonnes of CO2 through carbon reduction projects (2021). As a part of our sustainability purpose and commitment for the Paris Agreement, SCB supports the Taskforce for Voluntary Carbon Markets, (TCFD) Recommendations, Oxford Principles for Net Zero Aligned Carbon Offsetting and Chapter Zero.
Find out more about our carbon impact.
SCB Certified B Corp, business as a force for good
SCB is a BCorpTM and meets the highest standards for social and environmental performance, accountability, and transparency. SCB is among 5,065 BCorpsTM, across 155 industries, 80 countries with one unifying goal: to redefine success in business.
ISO 14001
All five of SCB entities are ISO 14001 Certified, setting up the requirements for an environmental management system.
Sustainability Committee
At SCB, we are dedicated to maximising our climate influence through our internal Sustainability Committee.
SCB offers in-house Environmental training on the following topics:
- ISO 14001
- The Paris Agreement
- Article 6 of the Paris Agreement changes (after COP 26)
- Certified B Corporation
- Carbon abatement
- Integrity Council for Voluntary Carbon Markets
- Oxford Principles for Net Zero Aligned Carbon Offsetting
- ESG brings value for businesses
- Net Zero vs carbon neutrality
SCB’s Sustainability Committee is comprised of a team of sustainability experts amongst SCB employees who work year-round to ensure SCB attains the highest environmental standards.
The purpose of the Sustainability Committee is to advise, monitor, assess, and review SCB’s environmental and sustainable commitments. To understand the potential impact of climate-related risks and opportunities on our business, we created an approach identifying sustainability targets, commitments, and challenges to implement within SCB’s operational management and governance.
To learn more about sustainability at SCB, visit: Sustainability Overview | SCB Group (starcb.com)
SCB can help your business on its low carbon journey, with tailored climate solutions.
