2023
Sustainability
Report
Contents | |
CEO statement | 3 |
Bango sustainability highlights | 4 |
The Bango sustainability approach - making the complex simple | 5 - 6 |
Environment - Reaching Net Zero | 7 - 10 |
SBTi validated target | 8 |
Ongoing measurement and reduction | 9 |
Engaging people on environmental sustainability | 10 |
Social - Ensuring social responsibility | 11 - 13 |
Employee engagement | 11 |
Health & wellbeing | 11 - 12 |
Diversity & inclusion | 12 - 13 |
Learning & development | 13 |
Giving back | 13 |
Commercial - Driving commercial success through sustainability | 14 - 15 |
Sustainability's commercial relevance to Bango | 14 |
Seizing the commercial opportunities of sustainability | 15 |
Governance - Underpinned by rigorous governance from board level down | 15 |
Annex - formal reporting | 16 - 18 |
SECR | 16 |
SDGs | 17 |
Mapping (SASB & GRI) | 18 |
Bango PLC | 2023 Sustainability Report
2
CEO Statement
Bango is a high growth company, but it is | Environment - Bango is committed to reaching |
important to us that this growth is sustainable. | Net Zero by 2040 and is in the process of obtaining |
Sustainability has been a long-standing priority | validation of this target under the Science-Based |
at Bango. It is fundamental to being both | Targets initiative - the most rigorous verification |
a responsible business and a commercially | available. We are working with external experts |
successful one. This report sets out our approach | to ensure our full team is educated and engaged |
to sustainability and includes detail on actions | as we transition to Net Zero. |
taken and our ongoing plan. | |
Social - In addition to our annual employee | |
The link between responsible business and | engagement survey, in 2023, we conducted a |
commercial success is clear. As we serve the | dedicated Diversity & Inclusion survey, as well |
largest merchants and telcos in the world and | as several D&I workshops. This has resulted |
play an increasingly large role in their growth, | in employee-led action groups focused on |
they demand the same level of sustainability from | everything from our internal processes to |
us that they commit to themselves; the same is | recruitment to the society and community that |
true of investors who increasingly ask and assess | supports us. |
our sustainability. | |
Commercial - We are building on the wider | |
Bango takes a pragmatic approach to | employee education and engagement on |
sustainability to ensure that, within the remit of | sustainability to make sure the sales team has the |
our business, we drive meaningful change across | knowledge and skills they need to communicate |
3 key pillars: | Bango sustainability initiatives confidently as |
they develop client relationships and pitch for | |
1) Environment | new business. |
2) Social | |
3) Commercial | This report is another milestone in the Bango |
sustainability journey, and I look forward to | |
These pillars are all underpinned by robust | continuing our journey in this increasingly |
Corporate Governance. | important area. |
We have intentionally kept our sustainability | Paul Larbey |
framework simple because we want to be clear | CEO |
with our objectives. Achieving these sustainability | |
objectives will be challenging, but that doesn't | |
mean we need to overcomplicate how we | |
communicate about it. |
Bango PLC | 2023 Sustainability Report
3
Sustainability highlights
Carbon Neutral Certification
Bango has been certified carbon neutral for scope 1 & 2 emissions since 2020.
In 2021, carbon neutral certification was extended to include scope 3 emissions and applied retrospectively to 2020.
Net Zero
In 2022, Bango submitted its commitment to SBTi to become Net Zero by 2040.
Bango is drafting its transition pathway to Net Zero and will submit for validation from SBTi in 2024.
Carbon Offsetting
Since 2020, Bango has invested to offset emissions that were unable to be eliminated.
Investments include:
-
Direct Air Capture (DAC) technology, which is considered one of the lowest risk methods of carbon removal. DAC removes
CO2 from the air for permanent storage using underground mineralization. - Carbon credits from the World Land Trust's (WTA) high quality Carbon Balanced Project. This investment supported biodiversity, conservation and restoration projects in Guatemala, a country that loses an average of 180,000 acres of forest every year. This rapid rate of deforestation is driven by slash-and-burn agriculture, cattle ranching, and monoculture plantations, placing threatened and endemic species at risk of genetic isolation while destroying well-established carbon sinks. This investment helps protect more than 300,000 acres of tropical forests and wetlands, spanning the entire Caribbean coastline of Guatemala. These ecosystems serve as carbon sinks and provide environmental services like clean drinking water, timber, and natural disaster risk reduction for the people who live here.
Diversity & Inclusion
In 2022, Bango won the AIM Diversity Champion Award.
In 2023, Bango designed a 6 pillar action plan to prioritize D&I in all areas of the business.
Employees across Bango have selected pillars they most identify with to help continue positive change in those areas.
Employees
Many Bango benefits are focused on sustainability, including; an electric car scheme, a cycle to work scheme, free Chilly's water bottles to prevent single-use plastic, free yoga classes, funding for employee social activities, as well as matched charity funding.
Bango conducts an annual employee engagement survey.
In 2022, Bango introduced the role of mental health first aiders to provide support to employees.
Bango hosts themed weeks through the year, with activities and events to raise awareness of sustainability topics (e.g. environmental impact, mental health awareness etc).
Bango PLC | 2023 Sustainability Report
4
Approach to sustainability
Making the complex simple
Bango takes sustainability and its commitment to its people, environment, customers, investors and community seriously. It makes sense environmentally, socially and commercially, so it is managed using those three pillars.
This report isn't about warm words and convoluted frameworks. It is about showing Bango is both highly responsible and commercially driven. Achieving the Bango sustainability strategy requires complex work, but when communicating about it, the aim is to keep it simple.
How we do it | ||||
Environment | Social | Commercial | ||
Reaching Net Zero | Ensuring social | Driving commercial success | ||
through SBTi | responsibility | through sustainability | ||
Governance
Underpinned by rigorous governance from board level down
Bango PLC | 2023 Sustainability Report
5
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Bango plc published this content on 25 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2023 10:58:03 UTC.