Assessing and addressing our ESG risks and opportunities
As an organisation at the leading edge of the low-carbon transition, and a Taskforce for Climate related Disclosure (TCFD) Supporter, we’re committed to providing full transparency and sharing of relevant information regarding our Environmental, Social and Governance (ESG) progress.
We work with third-party ratings agencies and utilise ESG reporting standards and frameworks to communicate and benchmark our ESG performance, as detailed in our Sustainability Report. Our metrics and ratings are updated annually and enable us to share the progress of our ESG ambitions.
Morgan Stanley Capital International (MSCI)
Rating: AA
Date updated: Dec 2022
Our MSCI rating of 7.1 has consistently improved in line with our evolving disclosures, progressing to ‘AA’ based on data released in 2022, denoting us as ‘Leader’ status relative to industry peers, significantly above the weighted average ‘Industry’ score of 5.7
Carbon Disclosure Project (CDP)
Rating: B
Date Updated: Dec 2022
We have submitted our information to the Carbon Disclosure Project (CDP) since 2020 and have consistently maintained our rating, which marks us above the average global scoring of ‘C’.
Sustainalytics
Score: 11.5
Date updated: April 2023
Our 11.5 rating achieved in April 2023 places SMS in the top fourth percentile of the ‘Global Universe’ and ‘Subindustry’ categories.
S&P Global
Score: 50
Date updated: Jan 2023
We have newly engaged with S&P Global and are pleased that our latest rating of 50 puts us in the 93rd Percentile, with performance significantly above the average ‘Global’ score of 23.
Moody's
Score: 53
Date updated: April 2023
Our performance is above ‘Sector’ average in all 4 ESG performance categories (Overall, Environment, Social and Governance).
Task Force on Climate-related Financial Disclosures (TCFD)
TCFD gives focus to our actions around recognising and mitigating risks related to climate change. Our disclosure considers the physical, liability and transition risks associated with climate change, together with what constitutes effective financial disclosure.
Find out moreOur contribution to the UN Sustainable Development Goals
SDGs
UN Global Compact Principles
Principle 7:
Businesses should support a precautionary approach to environmental challenges
Principle 8:
Undertake initiatives to promote greater environmental responsibility
Principle 9:
Encourage the development and diffusion of environmentally friendly technologies
SMS objective
Reduce environmental impacts across our operations in line with our net zero roadmap.
Fleet
2025 Long Term Goal:
50% decrease in fleet emissions (compared to 2019) by 2025.
Performance Indicator:
Kg CO2e/ vehicle
2022 Performance:
5% decrease
Buildings
2025 Long Term Goal:
40% decrease in the emissions density of our building estate (compared to 2019 baseline) by 2025.
Performance Indicator:
Kg CO2e/ m2
2022 Performance:
34% decrease
SDGs
UN Global Compact Principles
Principle 1:
Businesses should support and respect the protection of internationally proclaimed human rights
Principle 3:
Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining
Principle 6:
The elimination of discrimination in respect of employment and occupation
SMS objective
Work with our employees to drive down our injury rate
2025 Long Term Goal:
Year on year reduction in injuries
Performance Indicator:
Lost Time Injury Rate (LTIR) – 0.21 in 2022
Total Recordable Injury Rate (TRIR). 0.74 in 2022
Reduce gender pay gap
2025 Long Term Goal:
Continue to provide visibility of our equality, diversity and inclusion (EDI) practices. Ensure everyone within SMS is provided with equal opportunity and protected from discrimination
Performance Indicator:
1 Annual Gender Pay Gap Report per Year (with accompanying narrative).
2022 Performance:
Gender Pay Gap report released.
Internal EDI monitoring form released and updated with 4 socio economic questions.
Updated EDI eLearning module released to all employees.
Inclusion training (via Hive) for the Board, Executive, and Directors
Continually review and improve provision of comprehensive, competitive and equitable reward and benefits, and ensure all employees are paid at least the Real Living Wage
2025 Long Term Goal:
Become ‘Investors In People’ Accredited.
Performance Indicator:
Investors in People Assessment.
2022 Performance:
Achieved Silver Investors In People (IIP) status for the Group.
Accredited Real Living Wage and Real Living Hour Employer.
Established one pay & reward framework ensuring equity and consistency.
SDGs
UN Global Compact Principles
Principle 2:
Make sure that they are not complicit in human rights abuses
Principle 4:
The elimination of all forms of forced and compulsory labour
Principle 5:
The effective abolition of child labour
Principle 10:
Businesses should work against corruption in all its forms, including extortion and bribery
SMS objective
Maintain our ISO certified management systems
2025 Long Term Goal:
Retain all 5 certifications
Performance Indicator:
ISO certifications retained
2022 Performance:
100%
Engage Tier 1 vendors to identify their ISO14001 status, and work with key suppliers to obtain improvements within their ISO14001 accreditation or their environmental policy
2025 Long Term Goal:
80% of Tier 1 vendors to hold ISO14001 or a robust Environmental policy 2025
Performance Indicator:
Tier 1 vendors with ISO14001 or Environmental Policy in place
2022 Performance:
81%
Maintain zero cyber security breaches
2025 Long Term Goal:
Data Exfiltration of Personal Identifiable Information (PII)
Performance Indicator:
0 Cyber Security Breaches Data Exfiltration
2022 Performance:
Nil
Download our Sustainability Report
Our annual Sustainability Report provides detailed disclosure on the practical steps we are taking to progress Environmental, Social and Governance (ESG) responsibilities within our business strategy, culture, and everyday operations, propelled by our core company values.
Discover more
A sustainable and low-carbon environment for all
Inspired by our core value of Sustainability, we are committed to improving our impacts on the environment, our communities, and wider society around us through responsible operations and best-practice corporate governance.
Discover more NET ZERO 2030Our journey to carbon neutrality
Our Net Zero 2030 target, announced in 2021, will see SMS drastically reduce organisational carbon emissions in order to achieve a balance of carbon neutrality across our business.
Discover more INVESTORSCreating long-term, sustainable value for our stakeholders
Our investment case is rooted in sustainability. We’re a business that originates, owns and operates CaRe assets, providing associated services and generating long-term secure recurring revenues.
Discover moreDiscover more
SUSTAINABILITY
A sustainable and low-carbon environment for all
Inspired by our core value of Sustainability, we are committed to improving our impacts on the environment, our communities, and wider society around us through responsible operations and best-practice corporate governance.
Discover more
NET ZERO 2030
Our journey to carbon neutrality
Our Net Zero 2030 target, announced in 2021, will see SMS drastically reduce organisational carbon emissions in order to achieve a balance of carbon neutrality across our business.
Discover more
INVESTORS
Creating long-term, sustainable value for our stakeholders
Our investment case is rooted in sustainability. We’re a business that originates, owns and operates CaRe assets, providing associated services and generating long-term secure recurring revenues.
Discover more