Balmoral is committed to open and transparent Environmental, Social, and Governance (ESG) practices.

As a result, the company's environmental obligations are ingrained in its culture, and the business is making significant efforts to reduce greenhouse gas (GHG) emissions, enhance its environmental protection, invest in local communities, promote health and safety, and combat corruption.

We demonstrate our commitment to this challenge through our net zero position statement.

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The term “net zero” refers to the balance between the amount of greenhouse gas emission produced and the amount removed from the atmosphere. To achieve net zero, we do not believe that it is sufficient to offset our emissions. Our strategy is to focus on Scope 1 and 2 emissions and to reduce these to net zero by 2035.

To do this we will focus on:

  • Reducing the amount of energy used to produce each unit of output
  • Remove our use of energy which produces house gas emissions where possible
  • Purchase energy from “green” sources
  • If we are unable to fully eliminate the use of fossil fuels, we will offset the emissions which they produce

To implement this change, we will work in 5-year blocks:

  • To 2025 – focus on reduction of use of energy, and sourcing of “green” energy and research into other areas
  • To 2030 – remove use of fossil fuel from business where possible
  • To 2035 – where we have been unable to remove or reduce, we will establish how we can offset any remaining use

In 2023 we will:

  • Set targets for reduction in Scope 1 and 2 emissions by 2030 compared to our FY 2022 baseline
  • Establish systems on how we measure progress in achieving this goal
  • Reduce our energy consumption per unit, of output

In addition to the net zero targets our research and development work will seek to move our production to materials that can be recycled thus enabling a “Circular Economy”.

Our net zero plan focuses on how we will reduce carbon emissions today and puts net zero at the heart of our future growth strategy, without compromising value creation or the role we play in employing and investing in people and the communities in which they live.


Balmoral laid the foundation of its commitment to ESG through actions taken in 2020. This included establishing the Sustainability Training and Action Group (STAG) and commencing carbon reduction projects, as well as investing in environmental educational programs.

The ESG strategy was formally established in 2022 and is currently being integrated throughout the company. Additionally, we appointed a dedicated ESG compliance lead who worked with the Leadership Team to complete a materiality assessment that aligns with our business priorities.

In 2022, we achieved the following milestones in ESG performance:

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  • Established mandatory environmental awareness training for all employees
  • Installed SMART metering to measure electrical energy use in greater detail
  • Developed net zero position statement
  • Completed ESOS 3 compliance assessment
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  • Undertook the company's first employee engagement survey to understand the baseline for monitoring progress and to provide a diverse and inclusive workplace
  • Completed a gender pay gap review
  • At Balmoral Group level, we continued to support the Friends of Anchor charity as well as various charitable organisations worldwide
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  • Formalised the ESG strategy
  • Established an ESG subcommittee
  • Appointed a dedicated ESG compliance lead
  • Completed a Cyber Essential Plus assessment
  • At Balmoral Group level, the company provided cybersecurity training to all staff with access to IT systems


Sustainable actions can range from a minimum of 'do no harm,' expanding to solicit better outcomes, to more ambitious targets of leveraging change. No single company can leverage significant changes across society, and we are realistic about what we can achieve as a company and when, and where we are stronger in a partnership to drive change.

A sustainable journey is not easy to deliver, and investing in reducing our impact is a long-term aim for a fairer and more just economy. The United Nations Sustainable Development Goals (UNSDGs) aim to create more inclusive, peaceful, and sustainable societies. Strong governance and operating in a sustainable manner ensure resource use does not compromise the needs of future generations with respect to the environment, society, and authority, while creating value for stakeholders.

We have identified the following UNSDGs that are the most material to our operations, environment, and cultural values.


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Our priorities

We recognise that our operations contribute to climate change, and we are committed to playing our part in addressing climate change through reducing our emissions to mitigate global temperature rise.

Efficiently managing our shared natural resources and disposing of toxic waste and pollutants are important targets to achieve this goal. Equally important is encouraging industries, businesses, and consumers to recycle and reduce waste.

Balmoral is aligned with the UK’s net zero by 2050 target. To achieve this, we will invest in technology and systems, such as the full or partial electrification of our operations, required to reduce carbon output.

Protecting the environment and its biodiversity in ecosystems is a fundamental component of sustainable development. The company is fully aligned with the best environmental practices and monitors all activities that may impact the environment.

Limiting impacts to the environment

  • Prevent spills to the environment, whilst ensuring effective preparedness and response
  • Enforce principles of circular economy
  • Achieve ISO 14001:2015 certification in Q1 2023
  • Minimise our wider environmental impact and protect the biodiversity in which we operate

Reducing emissions from operations

  • Set targets for reduction in Scope 1 and 2 emissions by 2030 compared to the 2022 baseline
  • Establish systems on how we measure progress in achieving this goal
  • Reduce our energy consumption per unit, of output
  • Track and target CO2 reductions
  • Use renewable energy sources
  • Use of best available technology (BAT)

Addressing climate change

  • Deliver a clear plan for a net zero emissions future
  • Use of R&D within our business and key stakeholders to prioritise sustainable practices and technology-based solutions
  • Provide education and awareness programmes aimed at reducing waste
  • Reduce waste from our operations


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Our priorities

We adopt a proactive approach towards our social responsibilities and are dedicated to creating a positive impact for our people and communities. We are committed to playing an active role in society by employing and investing in people and driving economic growth. We also hold our suppliers and business partners to the same expectations.

Our social responsibility encompasses our employees, supply chain, and the communities in which we operate. We will continue to prioritise health, safety and wellbeing. Our business contributes to improving health and wellbeing in various ways, including providing energy and caring for the health and safety of our workers while ensuring decent work for all by adhering to best practices in labor, health, and safety.

In 2022, as part of our Employer of Choice Strategy, the company conducted its first employee engagement survey. This survey serves as a baseline for monitoring progress and promoting a diverse and inclusive workplace. Our people are essential to the success of our strategy, and we remain dedicated to building and developing critical skills and capabilities. We are committed to ongoing improvement in diversity and inclusivity, as demonstrated in the Balmoral Group Gender Pay Gap reporting.

Achieving a better gender balance benefits our company, colleagues and the broader industry. It reduces bias in our hiring practices and creates an inclusive and flexible work environment. We take pride in supporting women in leadership roles across the company, spanning all disciplines from design to HSE, and we continue to provide opportunities for women.

Protecting health and safety

  • Promote health and well-being and implement our safe systems of work to strengthen our capacity to manage risk
  • Survey and act to foster employee satisfaction
  • Review our employee benefits programmes

Promoting diversity and equality

  • Provide a balanced place of work and support local communities
  • Review our diversity and inclusion policies and provide training and awareness
  • Review our recruitment policies and social engagement programmes to address gender equality
  • Strategy focused on promoting opportunities for women at all levels

Respecting labour and human rights

  • Zero tolerance of child labour and modern slavery
  • Ensure all relevant personnel receive appropriate Equality, Diversity and Inclusion training
  • Enhance how we evaluate and select our supplier to ensure compliance with appropriate Modern Slavery


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Our priorities

Responsible business practices contribute to stability by following the law, adhering to anti-bribery laws, and conducting regular and inclusive engagement with stakeholders.

We are committed to ensuring an excellent code of conduct throughout the business, which is fundamental to our culture. This commitment involves maintaining the highest standards in ethics, integrity, and transparency at all levels.

Delivering responsible business practices

  • Zero tolerance to bribery and corruption, ensuring employees in relevant roles complete annual anti-bribery and corruption training
  • Support local economic growth opportunities
  • Enhance our environmental, social and governance KPIs and report quarterly
  • Ensure all relevant personnel receive appropriate cyber awareness training and incident response exercises are regularly conducted

Demonstrating integrity and transparency

  • Enforce robust board oversight, management accountability, and internal controls.
  • Apply reporting practices in accordance with national and international reporting standards
  • Robust data protection and privacy systems and procedures
  • Review our diversity and inclusion policies and provide training and awareness
  • Ensure equal opportunity and reduce inequalities of outcome, including by eliminating discriminatory policies and practices and promoting appropriate legislation, policies and action in this regard
  • Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality
Balmoral Health, Safety, Environment and Quality (HSEQ) information

Balmoral Comtec Ltd
A Balmoral Group company
Balmoral Park, Loirston, Aberdeen AB12 3GY | +44 (0)1224 859000 | surety@balmoral.co.uk
Registered number SC301819