Environmental, social and governance

Effective management and clear objectives are imperative to address our Environmental, Social and Governance (ESG) material issues which are an integral part of day-to-day business. They form part of our sustainability strategy, with a link to financial performance and long-term business-model resilience. Doing the right thing is what we believe in, what we are passionate about and what we pride ourselves on.

ESG governance

The governance of ESG at Ricardo is through a three-layer system starting with the Board and progresses through the company with broad deployment to capture the sites and locations that are occupied and managed by the business units. The hierarchy is described below: 

Promoting the long-term ESG matters: 
• Environmental: Climate transition, strategy and impact
• Social: Employees, communities and clients
• Governance: Ethics, health and safety

Promoting the long-term ESG matters
• Directs and steers activities including approval for investments
• Directs activities and resources
• Reviews and directs progress against metrics
• Prepares report for the Responsible Business Committee

Promoting the long-term ESG matters: 
• Collects and measures energy, waste, water and utilities
• Implements CAPEX expenditure
• Drives quality, health safety and environmental (QHSE) activities
• Drives charity and volunteering activities

Sustainability Governance

ESG reporting in our Annual Report 2022/23

Sustainability is at the heart of our DNA: from the solutions we 
deliver to the actions we take in our own ESG commitments. 

We continually strive to be climate leaders: demonstrating responsible 
business operations, results and data transparency to our internal 
stakeholders. In doing this, our goal is to be trusted and credible guides to help our clients solve their most complex ESG challenges.

View our publicly disclosed ESG reporting in our current annual report for FY 2022/23. 

Read the Ricardo plc Annual Report 2022/23
Ricardo Plc Annual Report 22 23

Ricardo plc table for the Global Reporting Initiative (GRI) standard on global sustainability reporting

As part of our commitment to sustainability reporting, we communicate and demonstrate our corporate impact on the environment, economy and people.

Ricardo Ee Action 003

Download Ricardo Global Reporting Initiative (GRI) sustainability reporting table for 2023

Ricardo plc Global Reporting Initiative (GRI) report for 2023

Our work for clients

We support our global clients with policy, strategy and environmental planning, and technology innovation to help governments, public sector and corporate clients with their decarbonisation and climate goals.

Our work for clients ESG consultancy services
Metrolinx For Website

ESG ratings bodies

We are rated by these bodies

CDP Logo
Mstar Sustainalytics 6 Gray Xxl (1)
EV Logo Web Lrge