Mattioli Woods

About Mattioli Woods

Mattioli Woods is a provider of pensions consultancy and wealth management services to around 16,000 customers globally. The company has over 1,000 employees across different locations in the UK, assets under management of over £16 billion and over £108 million in revenues. Sustainability has been an important part of Mattioli Woods since its founding over 30 years ago, and strong social values are central to the brand and a big part of its success.

The challenge: Mattioli Woods works with expensive and inefficient external carbon consultants

Mattioli Woods previously produced Scope 1, 2 and 3 carbon emission reports using external carbon consultants who worked with its Finance team. This was an expensive and time-consuming process and meant that the knowledge required to calculate carbon emissions remained outside of the business. Verity Lakin, Sustainability Partner at Mattioli Woods, explained that the Scope 3 carbon calculation was portrayed as very complicated. Staff were unable to understand the process, as the external consultants kept their work very siloed. There was also limited granularity of data in the carbon reporting, creating difficulty in identifying actionable improvement strategies. Alongside carbon emissions, Mattioli Woods is also required to report on the ESG Data Convergence Initiative (EDCI), the Sustainable Finance Disclosure Regulation (SFDR) and the Task Force on Climate-related Financial Disclosures (TCFD) frameworks to satisfy investor and external stakeholder requirements. The business was looking to bring all its sustainability reporting into one centralised system to maximise efficiency, own the process of ESG reporting in-house, and reduce the cost of ESG reporting.

The solution: Mattioli Woods brings their Scope 1, 2 and 3 carbon calculations in-house with KEY ESG to save money and improve insights

KEY ESG’s intuitive Carbon Accounting Platform enabled the Mattioli Woods finance, operations, and HR staff members to collaborate seamlessly and produce its first internally-generated carbon emission report. Relevant staff members now have a centralised data platform to work with, preventing data siloes and communication gaps. The platform not only makes carbon accounting achievable for the business internally, it also produces a much more granular data set to reveal site-by-site insights about where and how the business can reduce carbon emissions.

Verity Lakin, Sustainability Partner at Mattioli Woods, said:

“KEY ESG’s platform has been easy to use from the outset. It has enabled us to bring the skills required to calculate Scope 1, 2 and 3 carbon emissions in-house. This has not only saved expensive consultant fees, but also given us autonomy over the whole process.”

Verity also points out that holding the data in-house has improved the way Mattioli Woods communicates its sustainability performance to external stakeholders. Improvement strategies are more clearly defined now that site-by-site data is available to back up the strategy. KEY ESG therefore not only enables Mattioli Woods to report on ESG indicators but also to transform these insights into real action plans.

What’s next for Mattioli Woods and KEY ESG’s partnership?

Building on the considerable strides Mattioli Woods has made with calculating and reporting its carbon emissions in-house, Verity is determined to maintain that pace of improvement and hit the 2050 target of being net zero ahead of schedule.

“KEY ESG has been instrumental in our carbon calculations, and their team of carbon experts have been on-hand to help on the occasions where we have had questions.”

“I would recommend KEY ESG 10/10 for any businesses looking to bring their carbon and ESG data calculations in-house.”