Westcon-Comstor Publishes Responsible Business Report
At Westcon-Comstor, the company is deeply committed to a data-driven, transparent, and candid approach.
In their recently published Responsible Business Report, they conduct a comprehensive evaluation of their global carbon emissions from March 2022 to February 2023, encompassing their 2023 fiscal year. This analysis serves as a foundation for shaping their approach for FY24 in pursuit of their sustainability objectives.
Notable Highlights
During FY22, the company observed a 2.2% reduction in their Scope 1 and 2 greenhouse gas emissions, which encompass emissions under their direct or indirect control, resulting in a total of 3,276 tCO2e.
Conversely, the Scope 3 emissions, representing indirect emissions occurring within their supply chain, experienced a significant year-on-year increase of 17.4%, totalling 785,953 tCO2e. This rise can be partly attributed to their current methodology of calculating emissions based on spending, which reflects an 18.3% growth in revenue over the same period.
In line with their commitment to reducing Scope 3 emissions by 25% by 2030 compared to 2022 levels, the company aims to enhance the accuracy and reliability of their data by transitioning from a spend-based approach to utilising product-specific information for emissions calculations.
Furthermore, 54.5% of the company's global suppliers have set science-based targets for emission reduction, although this falls short of their 80% target by 2025.
Collaborating for a Sustainable Future
As a vital component of their Responsible Business strategy, Westcon-Comstor leverages its scale and influence to champion sustainability, foster innovation, and assist its partners in attaining their sustainability objectives.
Mark McLardie, Head of ESG at Westcon-Comstor, emphasised the significance of collaboration with vendors and partners because 99% of the company's global emissions originate from their supply chain. This underscores their long-term aspiration to achieve net-zero status as a business by 2050.
He also acknowledged the necessity of decoupling business growth from emissions growth and underscored the company's commitment to engaging with vendors and partners, particularly in improving the accuracy of supplier emissions data, with a particular emphasis on product-related emissions.
David Grant, CEO of Westcon-Comstor, reaffirmed their strategic dedication to reducing their carbon footprint and emphasised the challenges they face in meeting their ambitious targets. Their mission extends beyond mitigating emissions under their control; they aim to use their central role in the IT ecosystem to lead their industry peers towards more sustainable practices as part of a collective journey towards achieving net zero.
A Glimpse into the Future
In FY24, Westcon-Comstor's primary focus is on enhancing the quality of their data, with specific efforts to include prioritised Scope 3 emissions and enhance their capacity to capture and report data related to general office waste across their operations.
For more details on their latest Responsible Business achievements and endeavours, readers are encouraged to explore Westcon-Comstor's FY23 Responsible Business Report.
For more investor-related news
To view and compare company ESG Ratings and Sustainability Reports, visit our Company ESG Profiles page.
Source: Westcon-Comstor
