Reporting Boundary: London, UK and
Sydney, Australia office operations
Emission sources: Electricity, T&D losses, homeworking emissions, natural gas, water, waste, business travel, paper procurement
Reporting Period: 01 Jan 2020 – 31 Dec 2020
We engage our employees and wider stakeholders to unlock their talent and knowledge to drive year on year progress in sustainability.
We recognise that transparent communication is essential for transformational change and we quantifiably contribute to 5 SDG’s.
Argentex, a team of highly experienced market professionals from account management, analysis and trading, through to settlements and compliance with vast experience of global transactions, has achieved Planet Mark certification.
This is Argentex’s first year of business carbon footprint reporting and Planet Mark certification. It has calculated the carbon footprint of its Bond Street office for the year ending March 2020 and set a target to reduce emissions by 5% annually.
Argentex’s total carbon footprint for the year ending March 2020 was 35.5 tCO2e and the relative carbon footprint was 0.7 tCO2e per employee.
If Argentex achieves its initial emissions reduction target, it will save the same amount of carbon as is captured by 2.3 acres of forest in a year.
Argentex has also measured its Social Value contribution. Its Social Value contribution for year ending March 2020 was £30,890. It reported on one Social Value measure with this including financial contributions to staff training and wellbeing.
“I am pleased to welcome Argentex to the Planet Mark community. Finance will play an enormous part in the Decade of Action, and Argentex is showing fantastic initiative in embracing sustainable change. We share a belief that business can be done better. Planet Mark certification will show others in the industry that the company is taking the environment seriously. I look forward to this partnership blossoming in years to come.”
Argentex has made environmental commitments beyond regulatory norms and its commitment to reduce its carbon footprint by 5% year-on-year. The company has also committed to engaging its network of stakeholders to help them become more sustainable. Argentex has also pledged to protect an acre of rainforest in South America with Planet Mark partner conservation charity Cool Earth.
The finance sector has a huge role to play in a sustainable transition. From committing to sustainable operations in offices and business practices to re-evaluating the value of high carbon investments, the flow of finance can be an important catalyst to create a low emissions world. Finance firms must stay at the forefront of innovation, looking for novel ways to create capital that invests in resilient markets, in order to thrive in the transition to a sustainable economy.