Helping Menzies LLP to Achieve Sustainability Success

Client Overview

Menzies LLP is a full-service accountancy firm headquartered in London, delivering a range of accounting and tax compliance services. With several offices across the UK and over 500 employees, Menzies LLP recognises its significant role in addressing climate change and is committed to enhancing its sustainability efforts in line with its ‘Better Place’ values.

Client Objectives

Menzies LLP aimed to achieve several sustainability objectives, focusing on:

1. Streamlined Energy and Carbon Reporting (SECR) Compliance:
   • Ensure data complies with SECR requirements.
2. Net Zero Roadmap:
   • Set a net zero target year.
   • Establish interim targets to achieve net zero emissions.
3. Emission Reduction:
   • Reduce gas and electricity consumption (Scope 1 and 2).
   • Decrease upstream and downstream emissions (Scope 3).

Our Approach

Inteb tailored a comprehensive approach to meet Menzies LLP’s objectives, focusing on specific services and products.

1. Streamlined Energy and Carbon Reporting (SECR) Compliance:
   • Emission Data Definition: Quantified carbon emissions per £100,000 of revenue, achieving a 41% decrease in intensity ratio from the 2018-2019 financial year to the 2021-2022 financial year.
   • Low Carbon Report: Combined SECR submission with a comprehensive Low Carbon Report to provide a foundation for their Net Zero Roadmap.
2. Net Zero Roadmap:
   • Comprehensive Carbon Footprint Calculation: Fully quantified Scope 1, 2, and significant Scope 3 emissions using business travel, commuting mileage, spend data, flights, and hotel stays.
   • Roadmap Development: Developed a detailed roadmap outlining emission reduction progress and initiatives such as sustainable office refits, car sharing incentives, offsetting business flight emissions, and IT equipment recycling.
   • Updated Baseline: Updated baseline carbon footprint figures from 2018-2019 to the 2021-2022 financial year and presented emission reduction pathways for short, medium, and long-term goals.
3. Emission Reduction Initiatives:
   • Energy Efficiency Measures: Implemented energy efficiency projects to manage resource consumption and reuse existing office furniture.
   • Digital Transformation: Increased use of Teams calls, reducing emissions from travel to in-person meetings by up to 94%.
   • Paper Reduction: Committed to becoming a ‘paperless’ company, reducing printing by 38,000 sheets in 2020 and sending 99% of communications electronically.

Results

The tailored strategies and solutions provided by Inteb led to significant achievements for Menzies LLP:

1. Carbon Reductions:
   • Achieved notable reductions in resource consumption and enhanced awareness of energy usage.
   • Significant decrease in carbon emissions through energy efficiency measures and digital transformation.
2. Environmental Benefits:
   • Adopted a holistic approach to sustainability, incorporating staff wellbeing and positive environmental actions.
   • Initiatives like distributing plants to employees on Earth Day 2021 improved air quality and staff wellbeing.
   • Showcased commitment to environmental stewardship through recycling IT equipment, purchasing sustainable stationery, and reusing furniture.
3. Reputation and Stakeholder Engagement:
   • Enhanced reputation among clients, investors, and stakeholders through transparency and regular communication of sustainability efforts.
   • Published an annual Responsible Business Report and net zero blog posts, demonstrating a commitment to sustainability.

Conclusion

Our close collaboration with Menzies LLP has empowered them to achieve and exceed their sustainability goals. By fully quantifying their carbon emissions and developing a comprehensive Net Zero Roadmap, Menzies LLP has become a leading example in the accountancy sector for environmental responsibility. Their proactive approach and commitment to net zero targets have resulted in significant carbon savings and the implementation of green initiatives across the company. This case study highlights the benefits of a holistic approach to sustainability, prioritising both environmental impact and staff wellbeing.

If Menzies’ sustainability success story inspires you, and you wish to take similar steps towards reducing your company’s carbon footprint, we invite you to get in touch with us. Follow us on LinkedIn or explore our website to stay updated with more of our success stories.