As a Certified B Corp, Connected is committed to ensuring its business is a force for good. A core company belief is that by considering all stakeholders, Connected can have a positive impact on people and the planet. This belief is founded on the knowledge that in order to achieve long-term sustainability, Connected must continue to be transparent and open about both successes and failures.
In this year’s impact report, Connected shares some of their achievements and challenges, as well as highlighting some enhancements they are planning to make in the future. The report covers Connected’s purpose and vision as well as it’s impact on their clients, employees and the communities within which it operates.
As an impact investment manager and a B Corp, the report also includes the company’s impact on the environment. Connected worked with Inhabit, a technology platform designed to help businesses measure and manage their environmental impact, to calculate its operational emissions and produce Connected’s first carbon report.
Connected’s carbon report is the starting point of the wider plan to become operationally net zero* by 2030. Until we have reached this goal Connected commits to being carbon neutral** and has used accredited carbon offsets to achieve carbon neutrality for 2021. While the carbon report doesn’t include emissions from investments, Connected strongly believes in the important role the investment sector has in the transition to a zero-carbon economy. The company has reported that it is planning to measure the environmental impact of all future investments, and wherever possible this will be done across scope 1, 2 and 3 emissions.
Darren Agombar, CEO: “I’m immensely proud of the positive impact Connected has delivered and that our impact report details. There’s lots to be done over the next year, but I have every confidence that Connected will continue to build on the positive impact that we have delivered so far.”
Carbon neutral: balancing the emissions a company releases into the atmosphere with the ones it remove. This can be done by find an equivalent amount of carbon savings elsewhere in the world. It must be done for a specified period, and mean that there are no net increases in the emission of greenhouse gases as the result of activity associated with the company.
Net zero: a company is net zero when it has brought its emissions as close to zero as possible across the entire supply chain, i.e. the activities within the value chain of an organisation result in no net greenhouse gas emissions (Scope 1, 2 and 3). This is achieved by setting, pursuing and reaching ambitious 1.5C aligned science-based reduction targets and then compensating (offsetting) for any remaining hard to decarbonise emissions using certified carbon credits. Net zero can only be achieved once the company has achieved its long term target.