The broker will be offsetting its emissions through several social impact projects with the help of an environmental consultancy

Broker BMS Group has revealed it will offset its backdated greenhouse gas (GHG) emissions from the past four years.

Emissions the group plans to offset include energy consumption in its offices, from its employees working from home and through business travel and hotel stays during 2019, 2020, 2021 and 2022.

To ensure the move is successful, the broker will work with Carbon Footprint Limited – a founding member of the Quality Assurance Standard for carbon offsetting – to offset its GHG emissions through several projects, with a focus on social impact and tackling climate change.

The offsetting projects include ecosystem conservation in Brazil, domestic energy projects in India and Uganda – such as energy efficient cooking stoves – and renewable energy projects in South Africa, Turkey and the Dominican Republic.

Net zero journey

BMS Group chief executive Nick Cook said: “Over the past decade, BMS has seen a very significant expansion globally.

“Throughout this period, BMS has recognised environmental challenges and social responsibilities.

“The decision to backdate for the last four years shows real commitment to the global journey to net zero.

“BMS will continue to implement measures which reduce and then offset future emissions and at all times explore ways of increasing the use of renewable energy and sustainability practices. We are very excited about this initiative.”

Neil Prior, BMS Group head of environmental and social responsibility, added: “I’m delighted that BMS is demonstrating best practice and becoming an industry leader through the purchase of carbon credit to offset our GHG emissions for the last four years.

“This shows the long-term value that a clear programme of wider environmental, society and good governance can bring.

“BMS seeks to work with our clients, our employees and all our stakeholders to assist in moving the market towards more sustainable and environmentally conscious business practices.”