Business
Sustainability strategy launch
Sustainability strategy launch.
About this update from Cls Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2234I\n CLS Holdings PLC\n 11 August 2021\n \n \n \n \n \n \n PRESS RELEASE\n \n \n \n \n \n \n Release date:\n 11 August 2021\n \n \n Embargoed until: Immediate release\n \n \n \n \n \n \n \n \n CLS Holdings plc (\"CLS\")\n \n \n \n \n \n Commits to becoming net zero carbon by 2030 as it announces its 2030 Sustainability Strategy\n \n \n \n \n \n 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. \n \n \n \n \n \n CLS's new strategy has three key pillars: having a positive environmental impact, creating shared value and being a responsible business. \n \n \n 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 £58 million over 9 years. \n \n \n 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. \n \n \n 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 ...