Our Commitments, Accreditations and Memberships
Our commitment to Net Zero is not only a priority for our investment portfolios, but for us as a company too.
We believe we are on track to meet our target of being Net Zero much earlier than 2050 and will continue to remain Net Zero as our business grows in future, with regular reviews of how we are mitigating our emissions caused by our company operations.
In getting to Net Zero, we will include Scope 1, 2 and 3 emissions, in line with the criteria needed for science-based targets. More
What we have done so far
We are working with Net Zero Now to ensure we accurately measure, reduce and compensate for our greenhouse gas emissions.
We have set a science-based target to reduce our emissions in line with the ambitious criteria of the SBTi and verified by Net Zero Now.
2022 was the most recent full year of carbon emissions data when we started calculating our
Scope 1, 2 & 3 emissions. 2022 will be used as our baseline for all current and future
Our Carbon Footprint and Net Zero targets have been calculated by Net Zero Now in
accordance with the requirements of the Net Zero Financial Advisors Protocol. The Net Zero
Financial Advisors Protocol was developed in collaboration with SimplyBiz, FINTEL, LIONTRUST and CISI as a free guide to help financial advisors in the UK implement a strategy and achieve Net Zero.
Our reports are available here.
What we need to do next and ongoing monitoring
Achieving Net Zero is a journey – and one that will constantly evolve as our business continues to grow. Deliberately founded as a climate conscious company, our journey may be easier to implement than others, but we still have work to do to get there, and it does not simply stop when we reach our goal.
As we gain a better understanding of where we are along this journey, and improve the accuracy of our reporting metrics, we will regularly update this statement with our progress on where we are along this pathway.
Some of our to do list includes:
- Ongoing monitoring of the suitability of proposed Net Zero investment portfolio providers within the wider financial market, to increase the number of Net Zero investment options for our clients.
- Ensuring our offices and staff members’ homes are powered by renewable energy via green tariffs.
- Regular reporting on our energy usage, and our business travel, to better quantify our emissions, identify where our efficiencies are, and offsetting where we need to.
- Ensure ongoing commitment to our environmental and green office policies, particularly as we increase our UK presence and grow our business.
Contributing to global carbon neutrality
As a service company we already have a relatively low carbon-footprint but sometimes we may produce emissions that we simply cannot avoid.
To help counter those types of emissions, Path will ensure that we give something back – via contributing to carbon offsetting programs that have been endorsed and verified by highly rated environmental stewardship groups.
Carbon offsetting schemes have attracted some controversy, with unscrupulous companies using such schemes to avoid changing their operations to appear more eco-friendly than they really are. Additionally, some carbon offset schemes are not as green as they appear, and due diligence is required to ensure that any scheme selected is providing robust and transparent projects that are actively making a difference.
The Net Zero Initiative suggests we move away from referring to this process as ‘Offsetting’ – which implies that investing into such a scheme cancels out a company’s own emissions. Instead, offsetting needs to be viewed as our company voluntarily contributing to global carbon neutrality, while doing everything possible to reduce our emissions through company policy.
Carbon offsetting only works when done alongside everything possible to reduce our company emissions, as a last resort where we cannot directly eliminate the emissions in question.
Not only will we contribute the required amount to achieve our Net Zero goals – as pioneers in the field of positive impact, we’ll contribute more where we can and encourage other business to do the same.
A collective call for change
At Path, we have a very clear mission which includes transparency, engagement and being part of a collective call for change.
Follow us for our latest news and updates: #seedingchange
Path is a certified B Corp™, meeting the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.
We’re very proud to be part of a growing community aiming to redefine success in business, sharing ideas, connecting and collaborating with like-minded businesses. Read more
Path is delighted to be one of only a handful of financial advisers to have been awarded a ‘Good Egg’ accreditation from Good With Money. This is a further validation for our ethical and positive impact strategy.
The Good Egg Mark is the only accreditation in the UK designed to make it easier for consumers to find financial providers that use finance to benefit people and planet.
Find out more about the Good Egg Mark
Path is proud to be a Living Wage employer. The real Living Wage is the only UK wage rate that is voluntarily paid by those companies who believe their staff deserve a wage which meets everyday needs.
Path Financial is proud to be joining Business Declares and the fast-growing network of businesses who acknowledge the Climate and Ecological Emergency. Our aim is to be net zero by reducing our emissions and impact on biodiversity. Concern for both people and the planet are not new to us and we look forward to continuing to share our journey and ensuring our voice is part of the collective, resounding call for change. We are certainly not claiming to be perfect, neither are we judging others, instead we are part of a coalition of the willing, looking to collaborate and accelerate action while continuing to highlight the challenges and uncomfortable truths.
Better Business Act
The Better Business Act is about transforming the way we do business so that every single company in the UK, whether big or small, takes ownership of its social and environmental impact. Together, we’re taking a straightforward ask to government: change Section 172 of the Companies Act to ensure that company directors are responsible for advancing the interests of shareholders alongside those of wider society and the environment.
SME Climate Commitment
Path recognises that climate change poses a threat to the economy, nature and society-at-large, our company commits to take action immediately. In doing so, we are proud to be recognised by the United Nations Race to Zero campaign, and join governments, businesses, cities, regions, and universities around the world that share the same mission.
Being a member of UKSIF at this crucial time allows Path to take our place at the heart of sustainable and responsible finance, push forward the UK’s leadership in this area and position our organisation as a key player in this rapidly growing landscape.
The Good Business Charter
Path has joined The Good Business Charter (GBC) an accreditation which recognises responsible business practices, The GBC is an independent not-for-profit organisation supported by the Confederation of Business Industry (CBI) and Trades Union Congress (TUC) and brings considerable expertise from leading figures from the world of commerce. Consisting of 9 different components covering employees, tax, the environment, customers and suppliers. It’s a simple, effective way to measure how a company is behaving.
The Financial Vulnerability Taskforce Charter
As professionals working in the UK Personal Finance Sector we commit to enact the 9 statements contained in the Charter which underpin the work of the Financial Vulnerability Taskforce.
Tech Zero is the climate action group for companies of all sizes committed to fighting the climate crisis. We believe that by joining forces, we can make faster progress to net zero. Path’s aim is to make a difference by doing things differently, and through our innovative use of technology and impact data analytics.
Better Business Network
The Better Business Network is an inclusive network for purpose-driven business owners and leaders who want to grow their business and make the world a better place. Envisioning a world where all businesses are a force for good, advocating for sustainability, government support and creating regenerative practices, contributing to a better world.
You only need to read the news and see some of the images from around the world to know that as humankind we can no longer bury our heads in the sand about climate change. Since having my daughter it has brought into sharp focus that we need to act now in order for the next generation to have a future. As well as trying to be mindful and make good choices, one of the most important aspects for me is teaching children from a young age that their individual actions can have a big impact and collectively we can all make a difference.
Carla Gerlach, Operations Business Manager
From multiple visits to Bangladesh since childhood, I have seen first-hand the devastation that climate change can cause in the day-to-day lives of the poorest in our society. This is especially prevalent in coastal areas where villagers have been losing their land and homes due to land erosion from the rising sea level – Simon Reeve’s brilliant Tropic of Cancer series for the BBC showed the harrowing images of costal erosion live, where metres of coastline can be gone in a blink of an eye. There are very real consequences of climate change for all of society, but the poorest are unequivocally the most vulnerable, and are unfairly having to take the burden of decades of unregulated carbon emissions in the developed world. This is clearly something that we need to take full accountability for, and by extension, turn the tide on, which I am proud to be facilitating through my role at Path.
Shams Kabir, Financial Planner
As always with investments, your capital is at risk. The value of your investment can go down as well as up, and you may get back less than you invest. This information should not be regarded as financial advice.