Greene King puts environment & social purpose at its heart
Environmental Social Governance will now be incorporated as one of the company’s eight key strategy drivers.
Greene King is taking a defining step in its 220-year history to help tackle the climate emergency by adding ESG (Environmental Social Governance) as one of its core strategy drivers.
These eight drivers underpin the group’s goal to be the Pride of British Hospitality, famous for outstanding experiences.
The announcement means the company now puts an even greater focus on supporting communities, giving people better lives and reducing environmental impacts.
This follows a pledge earlier this year by the country’s leading pub company and brewer that it would become carbon net zero by 2040.
The key strategic drivers were first introduced under the leadership of CEO Nick Mackenzie and include leveraging digital, investing in people and growing reach through compelling profitable brands.
By adding ‘environment & social’ as its eighth driver, Greene King is putting the issue front and centre of people’s minds when making strategic and business decisions for the company.
Nick Mackenzie commented:
“We are building a sustainable business for the future that places our care for the environment and social purpose at the heart of our decision-making. We’re serious about meeting our net zero target by 2040 as we play our part in tackling the climate emergency. We know it’s a monumental task, so it’s important we add it into our strategy to ensure it remains a goal that we’re all working towards. Putting ESG front and centre of our business strategy is not just the right thing to do, it makes commercial sense as we face into the challenges of our time.
“Our company purpose is to pour happiness into lives, and we are committed to delivering that for our customers, our people, our partners and the communities in which we operate, helping people to live better lives through our community, charity and social mobility programmes.”
Earlier this year, Greene King publicly committed to set near-term emissions targets in line with climate science with Science Based Targets.
These targets include:
1. Reducing absolute Scope 1, 2 and 3 greenhouse gas (GHG) emissions by 50% by 2030 from 2019 base year.
- Scope 1 emissions are direct emissions generated by the company under direct operational control
- Scope 2 emissions are indirect emissions generated from the purchase of electricity and used by the company
- Scope 3 emissions are all other indirect emissions generated outside of the company’s control.
2. Becoming carbon net zero by 2040.