Capco

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Carbon per FTE (full-time-equivalent employee) — the diagnostic measure for people-leveraged businesses where headcount, not capital, drives delivery. Captures the office, energy and travel footprint per person.

As part of its carbon management plan, Capco is investing in renewable energy to reduce Scope 2 emissions by 42% from the FY24 baseline of 1,395 tCO2e to 809 tCO2e by 2030.

Pending achievement of carbon-free ambitions, Capco offsets in full the emissions associated with business travel. In FY24 the firm purchased 7,684 high-quality carbon credits (7,684 tCO2e) to achieve CarbonNeutral® certification for business travel. These are credits/offsets rather than durable removals.

• Business travel reduction

  Business travel is one of the largest components of Capco's footprint. The 2030 target focuses on 90% of business travel and staff commuting emissions reductions, with offsets covering business travel in the interim.

• Employee commuting and homeworking emissions

  Capco prioritizes reductions in commuting and homeworking emissions as part of its Scope 3 strategy, targeting 90% coverage of business travel and staff commuting in supplier engagement and reduction activities.

• Office energy (Scope 1 & 2)

  Capco targets a 42% reduction in both Scope 1 (natural gas, company vehicles, refrigerant losses) and Scope 2 (mainly electricity) emissions by 2030 from FY24 baselines of 511 and 1,395 tCO2e respectively.

• Supplier engagement on purchased goods & services / capital goods

  Capco's Scope 3 strategy includes engaging suppliers covering 60% of purchased goods and services / capital goods spend to improve data quality and reduce value-chain emissions, supporting an overall 25% Scope 3 reduction by 2030.