Broadstone Sets Ambitious Science-Based Targets to Cut Emissions

Broadstone’s targets include a 50.4% reduction in scope 1 GHG emissions by 2032, using 2023 as a baseline

Broadstone, a leading pensions, employee benefits, investments, and insurance consultancy, has committed to reducing its greenhouse gas (GHG) emissions by setting near-term targets approved by the Science Based Targets initiative (SBTi). This move positions Broadstone as a front-runner in the financial services sector's push toward sustainability.

The SBTi, a global collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), independently assesses and approves corporate emissions reduction targets to guarantee adherence to the latest climate science. Broadstone’s targets include a 50.4% reduction in scope 1 GHG emissions by 2032, using 2023 as a baseline, and a commitment to sourcing 100% renewable electricity by 2030. Additionally, Broadstone plans to cut scope 3 GHG emissions, which encompass indirect emissions from business activities, by 58.1% per full-time equivalent employee by 2032. These measures reflect the firm’s commitment to comprehensive and impactful emission reductions across its operations.

Tony Gusmao, CEO of Broadstone, emphasized that sustainability is central to the firm's mission, highlighting the company's goal to lead its sector in measuring, offsetting, and reducing emissions to minimize its environmental impact. Matthew Downey, Broadstone’s sustainability lead, added that the approval of their SBTi targets "validates our strategy" and aligns with global efforts to combat climate change. Broadstone’s commitment marks a significant step toward corporate responsibility and climate action.