Findel is an official supporter of the Terra Carta
September 2022
As part of our continuing ESG strategy, leading education resources supplier Findel is believed to be the first in our sector to be recognised as official supporters of the Terra Carta, an initiative launched by HRH Prince of Wales.
Deriving its name from the historic Magna Carta which inspired a belief in the fundamental rights and liberties of people over 800 years ago, the Terra Carta forms part of the Sustainable Markets Initiative (SMI), providing a roadmap to 2030 and shift towards a sustainable future, utilising a set of principles for business to put Nature, People and Planet at the heart of global value creation.
The mandate outlines Ten Articles, comprising of nearly 100 actions for business based on a series of recommendations developed by a coalition of global business leaders in almost every sector. Together, they have developed a charter of ambitious, but practical action aimed to encourage and catalyse a necessary transition.
HRH The Prince of Wales said that the charter “will harness the precious, irreplaceable power of Nature combined with the transformative innovation and resources of the private sector.”
CEO Chris Mahady who pledged support to the SMI on behalf of Findel commented: “The Terra Carta is an important global initiative and one that supports our commitment to the ambitions of the Paris Climate Agreement and the Sustainable Development Goals.
Our support for the Prince’s appeal forms part of our broader efforts to help ensure a sustainable future through an ESG strategy that is embedded at the heart of our business. We look forward to being a part of the Terra Carta and exploring at innovative ways to achieve the objectives that HRH has set out.”
Other supporters of the Terra Carta include AstraZeneca, British Standards Institute, BT, EFI, Lloyds, John Lewis, Marks & Spencer and PWC.
As well as supporting the Terra Carta, Findel’s carbon pathway was approved by the Science Based Targets Initiative earlier this year. This scheme helps companies set targets to reduce their greenhouse gas emissions, and then holds them to account throughout their journey through recording and reporting publicly on their results.
Both the SBTi and the Terra Carta actions will be supported by what is believed to be the UK education supplies sector’s first sustainability-linked loan, which Findel received from lender Santander UK in March. We are using the £18m facility to support our medium-term growth plans whilst driving its ESG commitments.
Findel is backed by private equity firm Endless, which supported a management buy-out in April 2021.
You can read more about the Terra Carta here: www.sustainable-markets.org
Read more about the Findel ESG commitments here: www.findel.co.uk/doing-good-things
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