Global investment manager Schroders has announced that it has successfully achieved its target to source 100% renewable electricity for its global operations. This accomplishment forms a critical part of Schroders’ operational climate objectives, which include targets such as increasing renewable electricity sourcing to 100% by 2025, reducing absolute Scope 1 and 2 emissions by 46% and business travel emissions by 50% by 2030, based on 2019 levels, and ensuring 67% of suppliers have science-based targets by 2026. Additionally, Schroders aims to achieve net zero by 2050 or earlier.
The firm reported that it reached the renewable electricity milestone in 2024, surpassing its original 2025 target. This achievement pertains to more than 70 of Schroders’ owned and leased offices worldwide, which contribute approximately 80% of the company’s operational greenhouse gas emissions.
The success was bolstered by the installation of over 2,600 solar panels last year at Schroders’ Horsham Campus. These panels are expected to generate around 1.13 GWh annually, covering nearly a quarter of the site’s yearly electricity needs. The project also included the installation of 58 electric vehicle charging stations to support staff adoption of hybrid or electric vehicles.
Madeleine Cobb, Schroders’ Global Head of Corporate Sustainability, stated, “We’re proud to have secured 100% of our corporate electricity supply from renewable sources in 2024, meeting our target a year ahead of schedule. Our action to decarbonise Schroders’ electricity supply, including through solar panel electricity generation at our Horsham Campus, will have a meaningful impact on our Scope 2 market-based carbon emissions and help the business reach its corporate net zero targets.”
