Minimising our environmental impact
We minimise our impact on the environment through a range of waste, energy and emission-reduction activities, and have been carbon neutral in our own operations since 2013.
We have been actively pursuing these initiatives since 2002, when we released our first Environmental Policy and AMP Capital signed up to the Carbon Disclosure Project (now known as CDP).
Over time, we have minimised our environmental footprint by engaging employees in initiatives that target resource efficiency and reductions in environmental impact. From 2013–16, these activities resulted in a 25% reduction in emissions.
Each year, we take part in the global Carbon Disclosure Project (CDP) which requests that over 5,600 companies, cities, states and regions around the world report and disclose their environmental impacts. In October 2017, for the first time, we received a Leadership band score of A- (on a scale of D- to A), placing AMP in the top 22% of scoring companies.
The score reflects AMP's leadership in climate change management, from investments managed by AMP Capital, to employee initiatives that reduce the carbon footprint of our offices.
We assess our environmental risks and opportunities across the business as well as investments managed by our in-house investment manager, AMP Capital.
Towards a greener tomorrow
- 2002: AMP’s first environmental policy launched. AMP Capital signs up to the CDP.
- 2005: AMP Capital is a founding member of the Investor Group on Climate Change.
- 2008: AMP Environmental Leadership Team established. AMP reports for the first time under Energy Efficiency Opportunities program.
- 2009: Internal carbon levy introduced to offset business air travel emissions. Recorded a 10% rise in recycling from 2008 through co-mingled waste program, plus a 10% drop in operational energy use from 2007.
- 2010: AMP leaders commit to carbon neutrality by 2014. NABERS waste and energy audits on major buildings, plus lighting, IT, building management systems upgraded at AMP's head office.
- 2011: AMP debuts in CDP ASX 200 Climate Disclosure Leadership Index. AMP Capital commences Global Real Estate Sustainability Benchmark (GRESB) rating for Real Estate Funds.
- 2013: AMP becomes carbon neutral a year ahead of plan.
- 2014: New targets and priorities set for 2014–16 and there is a 17% year‑on‑year reduction achieved. AMP once again in CDP ASX 200 Climate Disclosure Leadership Index.
- 2015: The international CDP recognises AMP for its carbon reduction in 2014.
- 2016: Activity-based working continued at AMP HQ. A 2% year-on-year reduction achieved, 25% reduction since 2013 (above the 15% target). For the second year, AMP recognised by the international CDP for our relative carbon reduction performance. AMP Capital commences GRESB rating for Infrastructure Funds.
We continue to reduce our carbon footprint by:
- reducing greenhouse gas emissions
- pursuing energy efficiency through lighting updates, IT initiatives and more efficient office use
- working with contractors, landlords and service providers to increase waste recycling
- reducing non-essential air travel and paper consumption
- ecouraging employee work practices that reduce environmental impacts
- encouraging suppliers to reduce the impacts of their products and services
- continuing with external assurance of AMP's carbon footprint.