CLS Holdings PLC Sustainability strategy launch (2234I)
11 Agosto 2021 - 1:00AM
UK Regulatory
TIDMCLI
RNS Number : 2234I
CLS Holdings PLC
11 August 2021
PRESS RELEASE
Release date: 11 August 2021
Embargoed until: Immediate release
CLS Holdings plc ("CLS")
Commits to becoming net zero carbon by 2030 as it announces its
2030 Sustainability Strategy
CLS today announces that it has committed to becoming net zero
carbon by 2030 as part of its comprehensive 2030 Sustainability
Strategy published this morning. The wide-ranging strategy
underpins CLS's purpose to transform office properties into
sustainable, modern places that help businesses grow.
CLS's new strategy has three key pillars: having a positive
environmental impact, creating shared value and being a responsible
business.
As part of its commitment to having a positive environmental
impact, the business has set out a clear and costed plan to achieve
net zero by 2030, which includes a Science Based Targets initiative
(SBTi) verified absolute Scopes 1 & 2 emissions reduction
target of 42% and a 20% physical intensity reduction in scope 3
emissions. It is estimated that the investment needed to deliver
the pathway totals GBP58 million over 9 years.
CLS's focus on creating shared value centres around supporting
and engaging collaboratively with its tenants and local
communities. By 2025, CLS will publish the Social Value of its
business in the Group's annual report. This will outline its
investments in local communities as well as the support it is
providing to disadvantaged groups and charitable causes. As part of
the design and management of its properties, CLS has committed to
promoting the health, wellbeing and satisfaction of its tenants as
measured through its annual tenant satisfaction surveys. In
addition, CLS will achieve Living Wage Foundation accreditation by
2025.
CLS's commitment to being a responsible business encompasses its
approach to governance, transparency and the management of the
business and its finances. In addition to investing in the
wellbeing and mental health of its employees through
multidisciplinary health and wellness programs, and training and
individual development budgets, CLS has set a target of 50% of its
debt to be comprised of ESG-linked loans by integrating
sustainability into its investment and financing strategies.
The Group will also promote the ethical procurement of goods and
services across its business with an enhanced Responsible
Procurement Policy as well as committing to the prompt payment
code, whereby 95% of invoices from SMEs are paid within 30
days.
Full details of the new strategy can be found on the following
link: https://www.clsholdings.com/sustainability
Fredrik Widlund, Chief Executive Officer of CLS, commented:
"The IPCC's report this week brought into sharp relief the scale
of the challenge ahead of us and reinforced the importance of this
new strategy. All stakeholders which interact with our business
require us to take a bold action on carbon reduction as well as on
broader ESG issues. The plan announced today shows a clear pathway
to net zero carbon by 2030.
"Beyond emissions, we take our roles as a landlord and an
employer incredibly seriously. Today's plan looks to enhance the
value we create, not only for our shareholders but for all of our
stakeholders. The plan will inform all of our activities, from how
we engage with local communities to how we support our employees
and finance the business. I'm hugely grateful to our team that
worked so hard over the past year to get this plan in place, and we
look forward to executing it over the coming years."
-ends-
For further information, please contact:
CLS Holdings plc
(LEI: 213800A357TKB2TD9U78)
www.clsholdings.com
Fredrik Widlund, Chief Executive Officer
Andrew Kirkman, Chief Financial Officer
+44 (0)20 7582 7766
Liberum Capital Limited
Richard Crawley
Jamie Richards
+44 (0)20 3100 2222
Panmure Gordon
Hugh Rich
+44 (0)20 7886 2733
Elm Square Advisers Limited
Jonathan Gray
+44 (0)20 7823 3695
Edelman Smithfield (Financial PR)
Alex Simmons
Rob Yates
+44 (0)20 3047 2546
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBCGDIRGBDGBG
(END) Dow Jones Newswires
August 11, 2021 02:00 ET (06:00 GMT)
Cls (LSE:CLI)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Cls (LSE:CLI)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024