Syncona understands that climate change represents a systemic risk to our societies and economies.
Syncona Limited understands that climate change represents a systemic risk to our societies and economies. We agree with the signatories to the 2015 Paris Agreement that our collective approach needs to limit climate change to within a 1.5 degree Celsius global temperature increase by the end of the 21st Century. This means reaching a point where there are net-zero emissions associated with human activity released into the atmosphere by 2050 at the latest, as advised by the latest scientific advice.
Our aspiration is to achieve a net-zero impact by 2050 throughout our full value chain (including our portfolio companies). We recognise, however, that the exact meaning of “net-zero” as it applies to businesses has yet to be fully formalised and we will continue to review developing guidance from key organisations in the field.
In FY2021/22 we implemented the recommendations of the Task Force on Climate Related Disclosures (TCFD) in our Annual Report and will update our disclosures in our FY2022/23 Annual Report to show progress made during the year.
During FY2022/23 we aim to become a signatory to the Net Zero Asset Managers (NZAM) initiative and to adopt the NZAM commitments. We also aim to report Syncona’s full carbon footprint (including emissions for our investment portfolio in line with guidance) in our FY2022/2023 Annual Report.
Read more in our Climate Ambition statementSyncona Limited Climate Ambition Statement June 2022