Sustainability FAQ
Our sustainability commitment
At Thinkproject, sustainability isn’t a destination but an ongoing journey of improvement for us. We have answered some common questions to provide our stakeholders a clear overview of our milestones and commitments. Read on to browse our FAQ.
Browse our FAQ
Yes, we measure our corporate GHG emissions (Greenhouse Gas Protocol).
- 2023 Scope 1: 92,87 ton CO2 eq
- 2023 Scope 3: 46,85 ton CO2 eq (Market based)
- 2023 Scope 3: 3.372 ton CO2 eq
Yes, the Science Based Targets initiative (SBTi) has approved Thinkproject’s near-term, science-based emissions reduction target. We commit to reduce scope 1 and 2 GHG emissions 42%, and to reduce scope 3 GHG emissions from purchased goods and services 25% by 2030 from a 2021 base year.
Our total electricity consumption for the reporting period (2023) is 759.82 MWh.
In 2023, 100% of our electricity came from green sources, primarily through a combination of purchased Environmental Attribute Certificates (EACs) and green electricity contracts. Our ESG report contains specifics on our environmental initiatives.
Yes, Thinkproject publishes its annual sustainability report with a comprehensive list of its ESG (Environment, Social, Governance) initiatives, progress, and commitments.
Yes, in line with the United Nation’s Sustainable Development Goals, Thinkproject is a signatory to the SDGs, Thinkproject has aligned our Sustainability Strategy to the following SDGs: 5, 8, 9, 11 and 13. Find more details in the section “Our contribution to the UN SDGs” of our annual Sustainability Report.
In order to identify and understand the importance of specific ESG and sustainability topics to the organisation’s value chain, in early 2022 Thinkproject performed a comprehensive materiality assessment to identify our areas of most significant impact on the economy, environment, and people, including human rights.
Following the prioritisation exercise, we identified five topics that underpin the Thinkproject sustainability strategy, set the foundations to implement long-term targets, and foster enhanced transparency and trust with our stakeholders (Privacy & Data Security, Training on Digital Skillset, Diversity & Inclusion, Employee Well-being, GHG emissions & energy).
Yes, Thinkproject is a participant of the United Nations Global Compact (UNGC), emphasising our commitment to sustainable and responsible business practices.
Yes, we were delighted to receive an ESG Risk Rating of 9.3 from Morningstar Sustainalytics in 2022. Overall, our management of material ESG issues is strong (74.6), and moreover, we scored particularly well in the: Risk management of Data Privacy and Security (100.0), Business Ethics (80.0), and Resource Use (78.0). After conducting an exposure review, Sustainalytics assessed Thinkproject to be at negligible risk of experiencing material financial impacts from ESG factors.
With consideration of our strength of management and low exposure profile, Sustainalytics ranked us in the top 1% of companies in the Software and Services industry, as well as in the subindustry of Enterprise and Infrastructure Software.
As part of our sustainability strategy, having a strong relationship with the communities that we live and work within is significant for Thinkproject and our employees. Across the Group, we are proud of our team members who dedicate their time to support local charities or community groups. In 2023, we supported the Wings for Life foundation, Engineers without Borders, Save the Children, and Gloucestershire Wildlife Trust, amongst others.
Find more details in the section “Community Engagement” of our annual Sustainability Report, or visit our Giving Back page.