ExCeL Charts Path to Net Zero
ExCeL London, a carbon-neutral event venue and a part of the ADNEC Group, has unveiled its Sustainability Strategy, setting the stage for a remarkable transformation of the events industry into one that prioritises net-zero emissions, resource efficiency, and equitable engagement for all stakeholders.
Aligned with ADNEC Group's broader Environmental, Social, and Governance (ESG) aspirations, ExCeL's Sustainability Strategy is founded on five fundamental pillars that underpin its core operations sustainably and ethically.
These pillars encompass Sustainable Venue & Events, People, Culture & Safety, Community & Platform for Change, Clients, Partners & Supply Chain, and Governance & Ethics.
The development of these pillars and their associated action plans followed a comprehensive materiality assessment conducted at the end of 2022, engaging over 600 representatives from key stakeholder groups, including event organisers, exhibitors, visitors, employees, suppliers, industry partners, and ExCeL's local community.
This process allowed ExCeL to identify the priorities of its stakeholders and devise strategies for enhancing its long-term ESG performance.
As London's largest event venue, ExCeL remains steadfast in its commitment to measuring and reducing its carbon footprint, standing as a signatory for the Net Zero Carbon Events Pledge. Having achieved carbon neutrality to the internationally recognised PAS 2060 standard last year, it has since been certified by the Planet Mark, confirming the verification of its Scope 1, 2, and core Scope 3 carbon emissions data. The venue is currently developing its Net Zero Strategy in alignment with the Science-Based Targets initiative (SBTi) Corporate Net Zero Standard.
Humaid Al Dhaheri, Chairman of ExCeL London, affirmed, "At ADNEC Group, our objective is to grow ethically and responsibly. We want to balance commercial success with positive environmental and social impacts. ExCeL London's Net Zero Strategy aligns with and bolsters our overarching sustainability ambitions under our corporate umbrella. We take pride in ExCeL London's sustainability efforts, as they resonate with our pledge to generate long-term value for all stakeholders through ethically sound and sustainable practices across our operations."
Jeremy Rees, CEO of ExCeL, emphasised the centrality of sustainable development to their success, expressing pride in their Sustainability Strategy's integration into their business planning. This integration is supported by ADNEC Group, the ExCeL Board, and the wider ExCeL team, solidifying their commitment to becoming sustainability leaders in the industry.
ExCeL plays a crucial role in ADNEC Group's broader ESG goals by formulating its own objectives that align with the Group Strategy while considering the venue's unique set of material topics and stakeholder requirements.
Natalie Skyes, ExCeL’s Sustainability Manager, underscored the necessity of continuous evolution for a sustainable business, outlining how the Strategy outlines their long-term vision to transform the venue and their collaboration with stakeholders for the collective benefit of people and the planet.
In addition to its Sustainability Strategy, ExCeL boasts a history of sustainable initiatives, including a zero-waste-to-landfill policy and hosting one of the UK's largest wormeries, where over 3,00,000 worms convert food waste into compost for the venue's green spaces. Recent advancements include the adoption of HVO biodiesel, expected to reduce 165 tonnes of carbon dioxide annually, and trials of new electric plants and equipment as part of the transition to a net-zero future.
For further details on ExCeL's Sustainability Strategy, you can visit www.excel.london/visitor/sustainability-and-legacy.
To view and compare company ESG Ratings and Sustainability Reports, visit our Company ESG Profiles page.
Source: ExCel
