Our social and environmental commitment

Our commitment to Net Zero is not only a priority for our investment portfolios, but for us as a company too.

We are committed to achieving Net Zero by 2050 at the latest. As our business grows and evolves, we will continue to measure our greenhouse gas emissions, identify opportunities to reduce them and regularly review our progress towards this long-term goal.

Our approach includes Scope 1, 2 and 3 emissions and is informed by recognised greenhouse gas accounting and science-based target methodologies.

What we have done so far

We have worked with specialist climate partners to measure and understand our greenhouse gas emissions, identify opportunities to reduce them and support credible climate action beyond our own operations and value chain.

We have established emissions-reduction targets through the Net Zero Financial Advisers Protocol, which was developed specifically for the UK financial advice sector using recognised climate standards and methodologies.

2022 was the first full year for which we calculated our Scope 1, 2 and 3 greenhouse gas emissions and remains our base year for measuring progress.

As emissions accounting standards, calculation methodologies, emissions factors and the quality of available data continue to develop, historic emissions figures may occasionally be recalculated. This helps ensure that our reporting remains as accurate and consistent as possible.

The Net Zero Financial Advisers Protocol provides financial advice firms with a practical framework for measuring emissions, reducing their environmental impact and working towards Net Zero.

Our annual emissions and impact reports are available here.

What we need to do next and ongoing monitoring

Achieving Net Zero is a long-term journey and one that will continue to evolve as our business grows, our understanding improves and climate standards and technologies develop.

We will continue to improve the quality of our emissions data, monitor our progress and identify practical opportunities to reduce the emissions associated with our activities and value chain.

Some of our ongoing priorities include:

• Monitoring the availability and suitability of investment solutions that support our clients’ sustainability and Net Zero objectives.
• Using renewable electricity for our offices where possible and encouraging staff to consider credible renewable energy tariffs for their homes.
• Regularly monitoring our energy use, employee commuting, home working and business travel to improve the accuracy of our reporting and identify opportunities to reduce emissions.
• Improving our approach to supplier engagement and considering the environmental impact of the goods and services we purchase.
• Managing the environmental impact of our technology and equipment through responsible purchasing, use and end-of-life management.
• Maintaining our environmental and green office policies as we increase our UK presence and grow the business.

Our wider climate and nature contribution

Reducing the emissions associated with our own operations and value chain remains our priority. However, we also believe businesses can make a wider contribution to tackling climate change and restoring nature while working towards their long-term emissions-reduction targets.

In previous years, Path’s external climate contribution focused primarily on purchasing verified carbon credits broadly equivalent to our measured annual emissions.

From 2025 onwards, we have broadened this approach. Rather than relying solely on a tonne-for-tonne offsetting model, we are supporting a wider range of credible climate and nature outcomes.

This does not mean we are withdrawing support from high-quality carbon projects. Instead, we are deliberately diversifying our contribution across three complementary areas:

• protecting carbon stocks today;
• helping to scale durable carbon removals for the future; and
• financing nature recovery where the benefits cannot always be captured through carbon credits alone.

We believe this provides a more meaningful and transparent way of describing our climate contribution.

Rather than suggesting that purchasing carbon credits simply “cancels out” the emissions associated with our activities, we can be clear about the emissions we continue to produce, the action we are taking to reduce them, and the additional climate and nature projects we choose to finance.

These contributions are therefore additional to, and do not replace, the work required to reduce our own emissions and achieve our long-term Net Zero ambitions.

You can see the projects and impact we support through Path Financial’s Ecologi Impact Profile.