Driving long-term sustainable value
ESG considerations are embedded in our strategy. As a specialist STEM recruiter we are at the forefront of delivering the skills needed to build a sustainable future, while our diversity, equality and inclusion policies ensure that we are putting people first.
By delivering against ambitious environmental and social targets we can demonstrate how we are leading our industry in defining what it means to be a responsible and sustainable employer, both for our staff and in society.
Environmental responsibilities
Companies are increasingly looking for environmental responsibility in their partners. We are no different. Many of our clients are either in the renewables energy sector or navigating the low carbon transition themselves.
We contribute to addressing climate change in two significant ways: by reducing our own carbon emissions and ensuring our clients have access to the talent they need to transition to a low carbon economy.
Addressing climate change
We take our role in tackling the climate emergency seriously. By actively working to reduce our own emissions targets we can make positive long-term commitments to the environment and society.
We are delighted to be recognised as a climate leader by the Financial Times in its inaugural listing of European Climate Leaders, which details the top 300 companies that achieved the greatest reduction in their greenhouse gas (GHG) emissions intensity between 2014 and 2019. We are the only staffing sector company to achieve that distinction, placing 69th.
Supplying sought-after specialists
Every business and value chain will be disrupted by the transition to a low carbon economy. As a specialist STEM recruiter we actively seek renewable energy clients that are at the forefront of delivering the innovation the world needs, supplying them with sought-after specialists to tackle the climate emergency.
We're delivering positive outcomes for our stakeholders and contributing towards the UN Sustainable Development Goals where we can have the most impact, placing us at the forefront of our industry in defining what it means to be a responsible employer.
Our Impact Report
Our ESG Committee needs accurate impact data to ensure we have credible action and accountability. Explore our first Impact Report, which includes key targets.
Putting people first
We are building a future that works for all of us by putting people first. By investing in new business opportunities and talent growth within our markets we are delivering economic growth and employment opportunities. Through this we aim to have a positive impact on society beyond simply what our clients and candidates achieve.
Our role in society
Our diversity, equality and inclusion policies are critical to attract and retain talent and help people perform at the top of their game. We set challenging targets for gender balance, aspiring to increase representation at leadership levels to 50/50 by 2024. Although we reduced turnover of females by 3% and maintained levels of women represented across leadership roles, there is plenty more to achieve.
In November 2021, SThree was awarded Company of the Year at the 2021 European Diversity Awards. Again, we were the only staffing sector company to be recognised.
Green skills insight programme
Not enough young people are choosing STEM subjects at school, pursuing STEM careers or aware of green careers. Building the future talent pipeline to meet the growing needs of the market is one of the core objectives of our community outreach programmes. We spark the possibility of a green career for young people, from the renewable energy sector to building a career in green tech.
In 2021, 87 young people attended our interactive Green Careers insight events. As a result of our outreach, 86% of young people said they are now exploring green career opportunities.
Task Force on Climate-related Financial Disclosures
We recognise that ensuring long-term sustainability through concerted and transparent climate and environmental action is key to our resilience and continued success.
As an early adopter of the robust Taskforce on Climate-related Financial Disclosures (‘TCFD’) reporting standard, we have carefully analysed our response to the changing market and environment in which we operate.
In order to align to the recommendations of TCFD we have:
- Implemented a climate-related scenario analysis framework.
- Integrated climate change as an emerging risk.
- Strengthened our ESG Committee to improve governance and Board oversight.
Use the icons below to read a summary of our approach and progress.
Governance
We have appointed a Group Environmental, Social and Governance (‘ESG’) Committee to identify, mitigate and strategically manage climate-related risks and opportunities to the Group. The ESG Committee is responsible for oversight of climate-related risks and opportunities including scenario analysis, risk mitigation, strategic alignment and the Groups Sustainability Strategy, targets and carbon reduction plan.
In 2021 the ESG Committee established a workstream focused on implementing a climate-related scenario analysis framework and a secondary workstream focused on understanding net-zero transition planning.
Strategy
We identified three key scenarios by which we assess the implications of climate change on our business:
- Scenario 1: Renewable-led growth (orderly, 1.5 -2C).
- Scenario 2: Disruptive change (disorderly).
- Scenario 3: Fossil fuelled future (hot house world).
We tested the resilience of our business and strategy using research and data modelling. Details on how each of the three scenarios impacts our business, strategy and financial planning is detailed in our full TCFD report.
Risks and opportunities
Climate-related risks are identified through our scenario analysis, using the frameworks and modelling data alongside internal and external data and stakeholder insights. The ESG Committee is responsible for implementing climate-related scenario analysis and the risks identified are analysed carefully, with clear measures, mitigation, controls and governance assigned to each risk.
Climate change has been categorised as an emerging risk for the business. As such, climate-related risks and controls are reviewed quarterly, with escalation to the ESG Committee as required, reviewed annually by the Group Risk Committee.
Metrics and targets
We report annually on Scenario 1, Scenario 2 and Scenario 3 outcomes, as outlined under our Strategy.
Our emissions are calculated in line with the GHG Protocol methodology to allow for aggregation and comparability across organisations. Our emissions performance for the previous reporting period are also included in our Annual Report for comparison.
Our carbon reduction plan has seen a YoY reduction in carbon emissions which includes 44% reduction in 2021 from our 2019 baseline year.
Read our latest insights
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Engineering skills aren’t really changing but job titles are
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Net zero: are there enough engineers?
Companies must leave no stone unturned in the hunt for green engineering talent
The next jobs boom will be in green tech
According to the Intergovernmental Panel on Climate Change, greenhouse gas emissions are at an all-time high.
Can we really ramp up net-zero manufacturing?
Companies are already sharing engineers as onshoring stretches the available talent
Why hourly rates for tech contractors are still rising
Long-established sectors like banking and energy are snapping up IT professionals as digital transformation accelerates
What are the five trends shaping life sciences?
As new treatments are developed and technology offers greater efficiencies, there is a huge demand for STEM talent in the life sciences s...
New thinking is needed to tackle drug shortages
Advanced manufacturing, smart supply chains and data have important roles to play in improving market access.
How companies can capitalise on the global megatrends
Three key areas of focus that can make firms attracting more STEM talent these days
Read our latest ESG news
SThree announces SBTi-verified net-zero target and publishes 2022 Impact Report
The Group announces its ambitious SBTi1-verified net-zero target and transition plan, alongside it's annual review of it's ESG strategy.
2021 Annual Report: Discover how SThree is delivering STEM talent
Read how SThree is connecting sought-after STEM specialists with pioneering global companies in our 2021 Annual Report and TCFD statement.
SThree ranks top in Support Services sector in Britain’s Most Admired Companies 2021
Study published by Management Today puts SThree first in eight of the 13 key criteria.
SThree named ‘Top Employer’ in Germany for a ninth consecutive year
Top Employer Institute recognises our approach to creating a positive culture and supporting colleagues.
SThree awarded Company of the Year at the 2021 European Diversity Awards
EDA awards are firmly established as the continent’s most prestigious and widely respected diversity event.
Samira Alimohammad named on SIA list of most influential women in staffing
Vice-President and General Counsel of SThree Americas, recognised as one of the most influential women in staffing in North America.
SThree shortlisted for Company of the Year at the European Diversity Awards
SThree is delighted to be included on the shortlist for the Company of the Year award at the 2021 European Diversity Awards.
SThree appoints new Chief Marketing Officer
Carol McNerney’s diversity of experience will help us achieve our stated ambitions as the number one global STEM provider.
SThree becomes official partner of the Social Shifters Global Innovation Challenge
Exciting kick-starter programme for new STEM enterprises that will solve the biggest challenges facing the world.
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