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Mitie Maintains Sustainability Accreditation

Mitie Maintains Sustainability Accreditation
13 August 2020
 

Mitie has continued in strength with the FTSE4Good Index Series, following the June 2020 index review – they accompany 103 other UK businesses proving their sustainability to this standard.

The "Developed" Index is one of seven indices managed by FTSE Russell, the London Stock Exchange’s index provider, and is focused on businesses operating in developed markets. It represents those companies that demonstrate strong environment, social and governance (ESG) practices to provide a benchmark.

The Index is reviewed every six months to ensure all businesses continue to meet its stringent requirements. The criteria are revised regularly to ensure they’re consistent with the latest ESG developments and standards.

Every organisation is measured against a series of criteria, which are developed by a broad range of stakeholders, including: NGOs, government bodies, consultants, academics, the investment community, and the corporate sector.

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Picture: FTSE4Good logo

 

ESG Principles

 

Companies must have an overall ESG Rating of 3.3 out of 51 to be included in the index. Environmental criteria can include a company’s energy use, waste, pollution, natural resource conservation, and treatment of animals. Social criteria is based on the company’s business relationships– working with suppliers that hold the same values as it claims to hold, and expressing high regard for employee health and safety through working conditions. Governance deals with a company's leadership, executive pay, audits, internal controls, and shareholder rights.

In February 2020 Mitie launched the sector-leading "Plan Zero" initiative, committing to reach net-zero carbon emissions by 2025, while also supporting its clients in achieving their own sustainability goals with "Zero Carbon for Zero Cost." As part of this commitment, Mitie will switch its entire fleet to electric vehicles (EVs) by 2025 and has already rolled out 550 EVs in just over a year. 

 

"As companies get back to business and we all adjust to a new normal, now is an ideal time to ensure that green thinking is leading the UK’s economic recovery."

Carlo Alloni

Managing Director, Technical Services and Integrated Facilities Management, Mitie

 

Mitie has been a Recognised Service Provider by the Living Wage Foundation since 2019 and the Mitie Foundation provides opportunities for disadvantaged groups to remove barriers and open ways into sustainable employment. The business is ranked 6th on the Inclusive Top 50 UK Employers list, as well as being named as a 2020 "Top Employer" by the Top Employers’ Institute.

Picture: A photograph of a forest, with a close up on a tree showing that it's sprouting green leaves

Article written by Bailey Sparkes | Published 13 August 2020

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