Environmental Report

The process of setting the Company’s ESG Strategy started by establishing a ‘Sustainability Working Group’, which met for the first time at the end of 2021 and led the discovery phase of our journey to reduce our carbon footprint throughout the first half of 2022, using the assistance of the consultants we had enlisted.

This working group included participants from across the Company, including Board members, and the brainstorming and sharing of ideas resulted in a need for distinct working groups to separate environmental considerations from social considerations, and select main focus areas within each of these, before considering how they may interact, conflict and be prioritised, as the strategy became defined. The observations and ideas were shared with the wider team to ensure that the whole Company and Board played a part in developing the Strategy.

The Company considered what our environmental impact is, due to our operational and construction activities, as well as the impact climate change will have on the island and the Company, to appropriately direct our focus to target where best and how we could reduce our carbon emissions.

The resultant three-tiered structure of our ESG strategy: Company, Supply Chain and Community, reflects the level of influence over and therefore level of impact we believe we are able to make. A focused sustainability workshop for the whole Board, led by local sustainability consultancy True. ESG helped to ensure that the Strategy adopted was sufficiently bold and aspirational.

Our broad targets and goals for reducing operational emissions and achieving Carbon Neutral and Net Zero across operational emissions well in advance of the Government of Jersey’s Carbon Roadmap are developing into measurable targets, as the next stage in ensuring the delivery of our ESG Strategy.

JDC’s response to climate emergency is not a prescriptive plan, despite the adoption of our ESG Strategy this year. Targets and definable goals will flex as required and as technology improves. The Strategy commits us to consider sustainability in all our decisions and to assess how the Company’s actions impact on ESG.

Our risk management processes now need to assess and mitigate those risks and our governance over the strategy is an extension of our strong existing governance. With full support from the Board, the Company is learning how to consider ESG as a part of daily decision making.