What are the Financial Times’ sustainability commitments?
The Financial Times has committed to reduce its total emissions through 2030, in line with the goals of the Paris Agreement to limit global warming to 1.5C, and pursue a path to ‘net zero’ emissions by no later than 2050.
Why is the FT doing this?
The FT believes that decisive and ambitious efforts are required to tackle global emissions. We believe that sustainability is a critical issue for our employees, commercial partners and subscribers, and our leading sustainability targets are part of our New Agenda positioning on responsible capitalism.
Why does this affect you?
The FT has committed to reducing all emissions that our entire business generates, not just the ones under our direct control. That means that goods and services purchased from suppliers like you are also included.
Why are you being asked about your sustainability credentials?
To meet our targets, we need to ensure our supply chain is as green as possible. As such, we will be enhancing our procurement process to ensure our suppliers are helping us reduce our carbon footprint. For now, we would like to build up a better understanding of sustainability within our supply chain and so we are asking you questions to help us to do so.
Are we asking you to match the FT’s sustainability commitments?
No. But the FT believes that leading in environmental sustainability means leveraging our influence in the wider business community and embracing the New Agenda of responsible capitalism. The FT is seeking to expand its impact beyond its direct supply chain, and encourage all of its suppliers, stakeholders and partners to adopt their own ambitious sustainability commitments.
Could your sustainability credentials impact your relationship with the FT?
The emissions impact of any supplier will be one element of a procurement process, and all products and services will be regularly assessed for any risks to our commitment to reduce the FT’s emissions. Preference may be given to suppliers with better sustainability credentials, or who are taking steps to improve.
What can you do if you have more questions?
You can find details of our sustainability commitment at https://aboutus.ft.com/company/sustainability, or you can contact firstname.lastname@example.org