Schroders Reaches 100% Renewable Electricity a Year Ahead of Schedule

Global investment manager Schroders announced it achieved its goal to source 100% of its electricity from renewable sources during 2024, one year ahead of its 2025 target date. The milestone covers the firm's more than 70 global owned and leased offices, which account for approximately 80% of Schroders' operational greenhouse gas emissions.

Schroders attributed the achievement in part to the completion of a solar panel installation at its Horsham Campus in 2024, comprising more than 2,600 panels expected to generate around 1.13 GWh of electricity per year. The installation meets nearly a quarter of the site's annual electricity needs. The campus also now includes 58 EV charging stations to support staff adoption of hybrid and electric vehicles. Renewable electricity sourcing at other global offices was achieved through a combination of energy procurement and renewable energy certificates.

The 100% renewable electricity goal forms part of Schroders' broader operational climate targets, which include reducing absolute Scope 1 and 2 emissions by 46% and business travel emissions by 50% by 2030 from a 2019 base, and having 67% of its suppliers hold science-based targets by 2026. The firm has also set a net zero ambition for 2050 or sooner. As an institutional investor managing funds on behalf of clients globally, Schroders' own operational sustainability performance carries reputational weight for its sustainability-focused product range.

Reaching the renewable electricity milestone ahead of schedule demonstrates the practical achievability of 100% renewable power sourcing for large financial services firms operating globally, though geographic constraints mean that solutions vary significantly by location. The Horsham solar installation provides a tangible illustration of on-site renewable generation complementing grid-based renewable procurement. For Indian asset managers and financial institutions with international aspirations, Schroders' approach offers a model for operational decarbonization that combines owned generation with market procurement mechanisms.

Key figure — 2,600+ solar panels generating approximately 1.13 GWh per year at Horsham