Syncona understands that climate change represents a systemic risk to our societies and economies.
Syncona Limited understands that climate change represents a systemic risk to our societies and economies. We agree with the signatories to the 2015 Paris Agreement that our collective approach needs to limit climate change to within a 1.5 degree Celsius global temperature increase by the end of the 21st Century. This means reaching a point where there are net-zero emissions associated with human activity released into the atmosphere by 2050 at the latest, as advised by the latest scientific advice.
Our aspiration is to achieve a net-zero impact by 2050 throughout our full value chain (including our portfolio companies). We recognise, however, that the exact meaning of “net-zero” as it applies to businesses has yet to be fully formalised and we will continue to review developing guidance from key organisations in the field.
In FY2021/22 we implemented the recommendations of the Task Force on Climate Related Disclosures (TCFD) in our Annual Report and begun reporting our disclosures from 2022.
In May 2023 we became a signatory to the Net Zero Asset Managers (NZAM) initiative, adopting the NZAM commitments. We also report Syncona’s full carbon footprint (including emissions for our investment portfolio in line with guidance) in our Annual Report and Accounts.
Read more in our Climate Ambition statement
Syncona Limited Climate Ambition Statement June 2022