The business has partnered with Normative to help drive Climate Action goals and targets 

Haymarket recently celebrated the one-year anniversary of its revamped sustainability strategy – Impact – launched on 1 March 2023. Haymarket Impact aligns closely with four of the United Nations Sustainable Development Goals (UN SDGs), one of which is SDG 13: Climate Action. 

Following the rollout of global policies surrounding the environment and sustainable travel, a key commitment within these was to measure the carbon emissions of Haymarket’s entire global businesses, spanning the UK, US, Canada, Hong Kong, Singapore, India, Germany and the Netherlands. This is also the first step to achieving net zero emissions.

To do this, Haymarket has been working with Normative, who partners with leading climate change organisations including the UN Race to Zero, SME Climate Hub, and others. Having supplied all global and local data to Normative, Haymarket has received the first report of its emissions for the 2022/23 financial year. The business can now set measurable targets to achieve net zero emissions.

Haymarket’s global Scope 1 emissions accounted for 0.05% of the total and refers to direct emissions from sources that are owned or controlled by the organisation.

Haymarket’s global Scope 2 emissions represent 3% of the total and refers to indirect emissions from the generation of purchased energy. Its global Scope 3 emissions accounted for the majority –  97% – of the total global emissions and includes emissions from purchased goods and services, transportation and distribution, business travel, and employee commuting. Purchased goods and services represent the largest emissions at 68% of the company’s global total.

During the same time period, Haymarket also measured its global print supply chain with consultancy RISE. 

Gary Charlton, Head of Procurement and Climate Action Steering Group lead at Haymarket said: “The work underway with Normative has been a big undertaking but we are committed to properly understanding and measuring our global emissions and crucially, working to effectively reduce them in line with net zero targets. 

“Alongside all the other achievements underway over the past 12 months with Haymarket Impact – from gaining ISO 20121 accreditation in the UK, to rolling out mandatory sustainability to all employees – measuring our entire global emissions is another proofpoint of how serious and committed we are to doing the right thing in shaping a better future.” 

Kristian Rönn, CEO at Normative added: “It’s been a pleasure to follow Haymarket since they teamed up with Normative. Haymarket is making meaningful investments of time and energy to track down product and activity-level data in order to achieve especially accurate carbon calculations. Those robust calculations make it possible for Haymarket to make impactful – and verifiable – reductions. I look forward to years of collaboration as we work towards net zero together.”

Haymarket can now build on the targets set out in its Global Environment Policy and Sustainable Travel Policy, and introduce processes to reduce its global emissions footprint. Progress will be reported publicly in its Inaugural Global Impact Report, coming in summer 2024.

[ENDS]

Notes to Editors 

About Haymarket Group

Haymarket Media Group is a privately-owned media, data and information company, shaping a better future with remarkable content for specialist audiences across the world. The company has 1,300 employees across offices in the UK, US, Canada, Hong Kong, Singapore, India, Germany and the Netherlands.

Haymarket’s portfolio consists of more than 70 market-leading brands including Campaign, Third Sector, What Car?, MyCME and Asian Investor.

Through live, digital, print, education, data, tech services, video and audio, Haymarket’s brands inspire, inform and empower clients and communities internationally.

www.haymarket.com.

Media Enquiries: Tara Geoghegan, Communications & Impact Manager, Haymarket Media Group, [email protected]