Publication Date: April 2025
1. Introduction
Who are Newbridge Advisors and what do we do?
Established in 2012, Newbridge Advisors LLP (“Newbridge”) specialise in providing infrastructure advisory, institutional debt placement and regeneration and development consultancy. Newbridge Advisors is regulated by the Financial Conduct Authority. Within Newbridge there are currently 13 partners and employees at the time of calculating the total carbon emissions. This represents an uplift on previous years. The Newbridge’s head office is located close to Blackfriars Station in the City of London. The majority of Newbridge’s employee carbon emissions are as a result of commuting into the head office. The move to hybrid work has likely assisted with lowering Newbridge’s carbon footprint. Though the main source of emissions comes from electricity generation by our electrical supplier (who is contracted by our landlord). To calculate the carbon emissions we have taken instruction from the Cabinet Office, and used source material from TfL, Rail network operators as well as car manufacturers amongst others.
Our commitment to achieving Net Zero
Newbridge is committed to achieving Net Zero emissions by 2030. Newbridge believes that it has a responsibility to care for and protect the environment in which it operates. We recognise climate change is one of the largest issues globally and, at Newbridge, not only are we are fully committed to improving environmental performance across all our business activities, we also encourage our business partners and members of the wider community to join us in this effort.
It is important for climate change to be tackled collectively and we at Newbridge have instructed our office management specialists, Halkin, to improve the workspace of communal areas that are used by Newbridge, as well as others – for example kitchen waste.
Newbridge recognises our key impacts to be in the areas of:
- energy use;
- raw material use;
- waste generation; and
- transport usage.
2. Baseline Emissions Footprint
Baseline emissions are a record of the greenhouse gases that have been produced in the past and were produced prior to the introduction of any strategies to reduce emissions. Baseline emissions are the reference point against which emissions reduction can be measured in future years.
| Baseline Year: 2022 (Current Year) | |
| Additional Details relating to the Baseline Emissions calculations. | |
| We have calculated our emissions by determining the CO2 emitted by various transportation taken for the purposes of work, alongside an estimated electricity usage. Newbridge does not have a product supply chain, therefore we are only responsible for emissions directly caused by Newbridge employees. We will seek to reduce our carbon footprint, as reaffirmed by our Net Zero target year of 2030. | |
| Baseline year emissions: 6.39 tCO2e (2022) | |
| EMISSIONS | TOTAL (tCO2e) 6.39 tCO2e (0.53 tCO2e per employee) |
| Scope 1 | <1 tCO2e |
| Scope 2 | 5.50 tCO2e |
| Scope 3 (Included Sources) | 1.36 tCO2e (6. Business Travel (0.24 tCO2e) / 7. Employee Commuting 1.12 tCO2e) |
| Total Emissions | 6.86 tCO2e (Current Year) |
2.1 Scope 3 Excluded Categories Explanation
4. Upstream Transportation and Distribution: Newbridge Advisors LLP is a consulting and financial services firm. There is no tangible product that requires upstream transportation as a part of Newbridge Advisors LLP’s business operation or supply chain. As a result, it has been excluded from any Scope 3 emissions.
5. Waste Generated in Operations: Newbridge is a consulting firm consisting of 18 employees. There is minimal waste generated from the business operation. Therefore, it has been excluded from the Scope 3 emissions.
Downstream Transportation and Distribution: Newbridge Advisors LLP is a consulting and financial services firm. There is no tangible product that requires downstream transportation resulting from Newbridge Advisors LLP’s business operation. As a result, it has been excluded from any Scope 3 emissions.
3. Emissions Reduction Targets
In order to continue our progress to achieving Net Zero, we have adopted the following carbon reduction targets. We project that carbon emissions will decrease over the next eight years to net 0 tCO2e by 2030. This is a reduction of 100%. We note there has been an increase in baseline emissions, this is due to an increase in the amount of staff within the business, and the grams per Kilowatt Hour from our electrical supplier not decreasing significantly.
In order to achieve these goals, we are taking the following steps.
Policies and Aims Supporting Carbon Reduction:
- Actively working with Landlord to install infrastructure and apparatus that encourages commuting via walking, running or cycling;
- Continue supporting the use of the bike to work scheme for any employee, at the point of their requirement (introduced as part of the carbon reduction plan);
- Encourage the use of public transport;
- Maintain a remote working option for all employees;
- Annual workplace sustainability training;
- Restrict in person meetings to critical meetings only. The remainder will occur remotely lowering Newbridge’s and other participants’ carbon footprint accordingly;
- Encourage the use of electric vehicles for professional use where public transport if not an option;
- Where possible, our suppliers are requested to share their environmental and equality, diversity and inclusion policies for review ahead of engagement;
- As an organisation we request our employees dedicate at least one day per calendar year to supporting the local community;
- We also have a corporate responsibility to support our local communities and, where possible, make a charitable donation, annually. The charity and size of the donation is selected and agreed at the final partnership meeting of our financial year;
- Constantly review our energy supplier’s commitments to achieving Net Zero. Our current supplier is British Gas, who are a subsidiary of Centrica. We have reviewed British Gas’s roadmap to Net Zero and will continue to do so. Furthermore, we shall apply pressure to our landlord to find a more energy efficient supplier; and
- Leverage our ESG expertise within our business to introspectively achieve our carbon reduction aims, whilst also advising clients on their carbon reduction aims. We have included case studies of projects that have included ESG and carbon reduction goals, and out impact on them, below.
3.1 Newbridge ESG Case Studies:
Newbridge Capital Markets Sustainability Fund Raising: Since April 2024, Newbridge has supported over £1bn of capital financing in the social housing sector, linked to sustainability. This predominantly involves the use of a Sustainable Finance Framework whereby Newbridge are significantly experienced in advising on structure and disclosure. Furthermore, reflecting our commitment to sustainability, in March 2025 we welcomed the previous Head of Sustainability at Places for People into Newbridge, to further grow our offering.
Chelmer Housing Partnership: Newbridge is delighted to have advised Chelmer Housing Partnership (“CHP”) with the creation of its Sustainable Finance Framework.
The framework represents an important tool for CHP in supporting it to achieve ambitious environmental and social targets. Future financing will play a key role in meeting these targets and the framework facilitates the formal connection to debt being linked to ESG.
It received external accreditation from Sustainalytics, which gives lenders as well as investors’ confidence that the framework aligns with industry standards.
Rich Wilsher, Head of Corporate Finance “I’m thrilled to issue our first Sustainable Finance Framework. Supported by Newbridge, we’ve set ourselves some bold and transparent ESG objectives, and I’m looking forward to working with our lenders and investors to bring these to life”.
Newbridge advises Yorkshire Water on large-scale solar procurement: The water sector in England has made a public commitment to be net zero by 2030. Newbridge Advisors, as strategic, commercial and financial advisor, worked with Yorkshire Water to establish a solar framework of experienced developers / investors which will help Yorkshire Water achieve its 2030 goal.
Newbridge also advised Yorkshire Water prior to the award of the first phase under the framework – an agreement with one of the framework partners to design, build, finance and operate approximately 23MW of solar assets and sell power directly to Yorkshire Water.
Speaking after the award of the first phase, Daniel Oxley, Yorkshire Water commercial programme manager, said: “This project is a significant step in reaching our aims of carbon net zero by 2030. Due to changes in the treatment process at our sites over recent years, many have been left with surplus operational land which can be used for the generation of renewable energy.”
“These have been identified and will become home to new solar panel arrays. Once completed, the first deployment of solar panels will generate 4% of our annual power needs, increasing our renewable energy use, reducing our exposure to energy price volatility and reducing the operational costs of our sites, which will provide better value for money for our customers.”
Newbridge advises and assists with the production of Bromford’s first Sustainability Impact Report: Newbridge provided expertise to assist in the production of a sustainability impact report.
This contributes to Bromford’s alignment with the United Nations Sustainable Development Goals and follows on from the creation of a Sustainable Finance Framework in 2021, the first in its sector to be accredited by Standard & Poor’s. The Impact Report also includes alignment with the Sustainable Reporting Standards (“SRS”) for social housing, which promotes consistency and comparability for stakeholders. Alongside Bromford, Newbridge is a endorser of the SRS.
Confidential Client: Newbridge are advising a client on the financing of a new-build carbon neutral accommodation project. It is highly likely that the accommodation project will receive formal accreditation for its environmentally friendly design and operation. This project is being sustainability financed with an Environmental, Social, Governance (“ESG”) bond package.
4. Conclusion
Newbridge is committed to delivering Net Zero carbon emissions by 2030. However, as most of Newbridge’s emissions are Scope 2 and Scope 3 emissions, we as a firm are heavily reliant on the operations of other organisations in order to lower our carbon footprint. Despite this, we have active policies in place, such as hybrid working, that lowers Newbridge’s carbon footprint. This will accelerate Newbridge’s pathway to Net Zero by 2030.
5. Declaration and Sign Off
This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and associated guidance and reporting standard for Carbon Reduction Plans. Furthermore, Newbridge’s Carbon Reduction Plan has been created following additional guidance from the Competitors & Markets Authority’s Green Claims Code.
Emissions have been reported and recorded in accordance with the published reporting standard for Carbon Reduction Plans and the GHG Reporting Protocol corporate standard1 and uses the appropriate Government emission conversion factors for greenhouse gas company reporting2.
Scope 1 and Scope 2 emissions have been reported in accordance with SECR requirements, and the required subset of Scope 3 emissions have been reported in accordance with the published reporting standard for Carbon Reduction Plans and the Corporate Value Chain (Scope 3) Standard3.
As Newbridge Advisors LLP is a partnership, we hereby state member approval has been provided for the publication of this Carbon Reduction Plan.
In terms of sign off, Chris Evans has been elected to provide the required sign off. Chris Evans is a Partner and an active Director within the business.
1https://ghgprotocol.org/corporate-standard
2https://www.gov.uk/government/collections/government-conversion-factors-for-company-reporting
