Olympia London has published its action plan for achieving net zero by 2050, as per the terms of the Net Zero Carbon Events Pledge.
After signing up for the Net Zero Carbon Events Pledge in 2021, Olympia London took on environmental consultancy JRP Solutions to audit the venue and help plan the steps to becoming a net zero business.
Siân Richards, head of sustainability at Olympia London said: “We recognise we’ve got such a long way to go to meet our 2050 objective and we estimate we’ll need to reduce our emissions by 71% by 2035 to achieve it.
“We’ve learnt that our Scope 3 indirect emissions account for 63% of our carbon footprint so this will be a major area of focus. There’ll be lots of challenges and tough decisions along the way. However, our roadmap now sets us off on that pathway and gives us clear areas of focus.”
The Net Zero Carbon Events Pledge required signatories to publish their roadmap to net zero by the end of 2023 and report progress every two years.
Olympia London has been a driver of joint sustainability initiatives for many years through its ESG strategy, The Grand Plan. The venue reports annually on its sustainability status as well as providing each organiser with a post-event sustainability assessment report.
“It’s a tough ask for country leaders to work together and find a way through the political, financial and day-to-day challenges to activate real change to achieve this goal,” said Anna Golden, commercial director, Olympia London. “Similarly, it’s a massive challenge for individual companies to change their way of operating, and the key factor in getting the event industry to net zero will be collaboration on joint initiatives and sharing learnings and progress.”
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