Environmental, Social and Governance (ESG) responsibilities are an integral element of our business model and critical to our commitment to managing risk in all areas of the Company. We aim to effectively deliver solutions to our customers while also caring for the environment on which we all depend.
Inspired by our core value of Sustainability, SMS is committed to improving our business impact through Environmental, Social and Governance (ESG) efforts, highlighted none more so than our organisational Net-Zero 2030 target announced recently.
That is why, in tandem with a drive to ensure absolute transparency in our operations, we have released our inaugural Sustainability Report – which from now on will become an annual publication. In this Sustainability Report, we provide disclosure on the practical steps we are taking to progress ESG and Sustainability within SMS’s strategy and culture, propelled by our core company values. We have also focused on improving our disclosure and datasets to better share our performance and improve internal ESG processes in accordance with industry best practice.
Transparency in our operations is critical to assuring stakeholders of our responsible and encompassing management, which in turn drives down our exposure to risk. Making our sustainability efforts public also enables us to share our successes and progress with our investors, employees, customers, and all stakeholders. This new report therefore ensures a clear picture of the ethical business activities which underpin our enduring financial performance.
Inspired by our core value of ‘Sustainability’, we are leading the UK’s transition to a low-carbon future; supported by committing to a net-zero target of 2030. We assist our clients and wider consumers with their carbon reduction journeys through funding and delivery of sustainably-focussed services.
Putting People First:
To create a sustainable and safe environment for all, nurturing a thriving workplace and business that supports wider society. We ensure diverse, inclusive environments and promote wellbeing, whilst empowering communities to take control of their carbon footprint and tackle local and global issues.
Operating responsibly and ethically:
To uphold our moral and legal obligations through responsible and ethical practices, ensuring the integrity and transparency of all our activities; from our supply chain to our people, our operations to our customers and wider society.
The scale and urgency of global action required for climate change to be halted and reversed has come to the forefront of the political and economic agenda. Our business is intrinsically linked with tackling one of the greatest challenges of our time, and we are proud to be utilising our passion and innovation to work with the global community as part of the solution.
Our commitment is evident in our vision to be at the heart of the smart, low-carbon energy revolution and we have built our services around transforming and decarbonising the UK energy system. This means that reducing CO2 emissions and improving the energy efficiency of our company and our customers (including millions of end-consumers across the UK) through our smart metering and energy-saving solutions, is our guiding mission as a business.
Internally, we have taken strides to improve the sustainability of our operations, including more efficient fleet management, reduced business travel, improved building efficiency, the introduction of an ISO-accredited Energy Management System, and the establishment of a Board-level Health, Safety & Sustainability Committee. We also continue to take a well-rounded sustainable approach to supporting our employees and customers through our commitment to Environmental, Social, and Governance (ESG) performance and as a signatory of the United Nation’s Global Compact.
ESG Ratings & Rankings
We work with ratings agencies and utilise Environmental, Social and Governance (ESG) reporting standards and frameworks to communicate and benchmark our ESG performance. Our metrics and ratings are updated annually and enable us to share the progress of our Environmental, Social and Governance ambitions.
Below are the ESG ratings and rankings SMS disclose against.