Schroders is proud to officially unveil its extensive solar farm installation at its Horsham campus, marking a significant milestone in the Group’s sustainability journey.

The farm encompasses 2,606 solar panels which will generate 1.13MWh/year of electricity – the equivalent to approximately 25% of the site’s annual electricity consumption. Furthermore, 58 electric vehicle charging stations have been installed to support employees in the transition to hybrid and electric vehicles. It was formally launched by Dame Elizabeth Corley, Chair, of the Schroders Group.

The solar farm meets strict sustainability metrics for its design, construction, and operation. The project achieved a recycling rate of over 90% as well as zero waste to landfill. In addition, the project is expected to produce a net gain of 12.8% in terms of biodiversity through initiatives such as installing bat and bird boxes and creating habitat piles.  

As one of the first 20 financial institutions to have its climate targets validated by the Science Based Targets initiative, Schroders has set ambitious goals to meet these targets and the solar project aligns with these objectives and wider climate commitments. This includes reducing Schroders Group’s Scope 1 and 2 emissions by 46% by 2030 (from a 2019 base year) and sourcing 100% renewable electricity by 2025. Schroders is currently on track to meet these targets with the Horsham project forming a key component of that progress.

Dame Elizabeth Corley, Chair, Schroders Group, said:

“The Horsham solar project offers us a tangible picture of our commitment to reducing our environmental impact and our belief in being a catalyst for change. Through initiatives like this, we are actively working towards a net-zero, nature-positive operating model. I am incredibly proud of what we have achieved, and I look forward to witnessing our continued impact.”

Related Article: Schroders Greencoat Secures £170 Million Investment for UK Renewable Infrastructure Fund

Situated near a biodiversity-sensitive area, the Horsham campus has been conscious of fostering a culture of sustainability among its 600 staff. This has involved collaborating with employees as well as valued charity partner, Horsham Matters, to encourage staff to become active participants in Schroders’ green initiatives.