The Jupiter Fixed Income team have engaged with PeopleCert on a range of topics, from climate risk to their gender pay gap and carbon emissions.

 

PeopleCert delivers exams in more than 200 countries, in 25 languages, through its state-of-the-art assessment technology, enabling professionals to reach their full potential and realise their life ambitions through certifications and learning. To date, they have worked with 2,000 training organisations and delivered 5.5 million examinations to individuals, 50,000 companies and 800 government departments.

 

Whilst clearly benefitting society from the provision of education, we found their website disclosures to be very sparse without much focus on publishing any key data metrics.
With that in mind prior to meeting we had requested several stats which they were able to compile and send to us.

 

Reflecting on the environmental impact of their business they say: “PeopleCert is committed to minimizing its environmental impact, safeguarding labour and human rights, equality and diversity, promoting safe working conditions, fostering mental health and well-being, and providing effective learning opportunities to its employees. We are strongly committed to promoting a sustainability agenda that is relevant to our professional services delivery and strategy for organizational management. To this end, we endeavour to establish a positive social, economic, and environmental legacy in all areas of our operations, reinforcing our commitment to value creation for all stakeholder groups.”

 

We emphasised that we would need a lot more disclosure for our Article 8+ fund predominantly in the form of answering the 14 Principal Adverse indicatorsi . We ran through carbon accounting and why this was necessary as well as all the other stats including unadjusted gender pay gap stats and board gender diversity.

 

Currently, the only Scope 3 emissions provided by PeopleCert are those coming from emissions related to water as set out in third row of table below:

We asked for detailed TCFD reporting and the status of this was explained to us by the following statement: “Currently, the incorporation of climate risk into PeopleCert stress testing frameworks and internal models is minimal. This is due to the level of exposure in climate risk being low for PeopleCert activities. Moving forward, PeopleCert will investigate the need to take further action.”

 

The share of non-renewable energy consumption of PeopleCert is the share of the national electricity grid in Greece (74%). During the meeting management talked through initiatives they had such as encouraging employees to drive electric and hybrid vehicles and using energy-efficient appliances. They will also promote the usage of a car-pool scheme enabling individuals to travel together in one vehicle thus aiding an overall reduction in fuel consumption.

 

PeopleCert say they convert all exam related paper supply (90% of total consumption) to recyclable paper, and PeopleCert’s hazardous waste ratio equates to 4.5% of total waste.

 

PeopleCert is in the process of developing an official monitoring mechanism of the gender pay gap. They say that PeopleCert provides its services to customers globally, therefore, diversity of their staff is paramount to ensure they can provide exceptional and high-quality services to their global customers and stakeholders. They are proud to be the employer of an extremely diverse team, with over 1,000 employees from 42 nationalities, varying ages, religions, preferences, etc. PeopleCert’s workforce gender representation rates are close to 50% at all hierarchical levels including the Executive Team where membership is 50% female and 50% male.

 

Currently PeopleCert’s Board of Directors is comprised only of males. They are working towards inclusion of females within their Board of Directors as well as continuing to ensure appropriate balance of male and female membership within the PeopleCert Executive Team.