In its 2024 Sustainability Report titled "Stepping Up," ERM underscores its steadfast commitment to sustainability, highlighting significant strides in climate action, biodiversity preservation, and social equity. This comprehensive report offers an in-depth look at how ERM is aligning its operations with the United Nations Sustainable Development Goals (SDGs), marking a significant milestone in their sustainability journey.
Tom Reichert, ERM Group CEO, opens the report with a compelling message about the necessity of increasing both ambition and impact in addressing global sustainability challenges. He emphasizes the need for organizations to “step up on ambition and double-down on impact,” particularly as the 2030 deadline for many global sustainability goals approaches. ERM’s commitment to the UN Global Compact principles and the UN Sustainable Development Goals (SDGs) is central to their strategy, driving efforts across climate action, biodiversity, and human rights.
The company has set an ambitious goal of achieving net-zero emissions by 2040. featuring new emission reduction targets validated by the Science Based Targets initiative (SBTi). For the reporting year of 2024, ERM has sustained its greenhouse gas emission reductions according to the report, with 100% offset projects showing promise for livelihood. Reinforcing its leadership in climate action.
According to the analysis provided, ERM's updated Nature Strategy, spanning across more than 100 nations, strives to cease and revert the decline of biodiversity by 2030. Simultaneously, facing a scenario where about 50 million individuals are impacted by contemporary slavery globally, ERM has initiated an extensive Human Rights Strategy concentrated on lessening the hazards of modern slavery throughout its value chain. This approach, as outlined in the document, corresponds with the UN Declaration of Human Rights and the Principles and Fundamental Rights at Work of the International Labor Organization, showcasing ERM's commitment to moral standards within its value chain.
Being renowned involves not only excellence in operations but also leaving a significant influence. ERM's operational initiatives revolve around four crucial domains: climate, nature, human rights, and sustainability of the supply chain. These initiatives do not solely revolve around internal methodologies but also encompass the influence ERM exerts through its collaborations with clients. In the year 2024, ERM facilitated renewable energy ventures that added up to more than 200 GW of capacity, treated in excess of 2.4 billion liters of water, and oversaw the management, elimination, or eradication of over 12.8 million kilograms of pollutants. These statistics emphasize the concrete, favorable results stemming from ERM's advisory services.
The 2024 Sustainability Report crafted by ERM stands as a tribute to the effectiveness of united, well-planned efforts in overcoming escalating global obstacles and its significant contributions to the SDGs via its activities, projects for clients, and partnerships. This document brims with information and tales of achievement that highlight ERM’s influence on the field. Being the foremost expert in sustainability consultancy globally, ERM's endeavors to put sustainability into practice offer a model for other entities to emulate.
For a deeper understanding of ERM’s sustainability initiatives and their broader impact, we encourage readers to delve into the full 2024 Sustainability Report
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