• Schroders now sources 100% of its electricity globally from renewable energy, meeting its RE100 commitment a year early.
• The firm’s Horsham solar project generates 1.13 GWh annually, covering nearly a quarter of the campus’s energy needs and achieving a 12.8% biodiversity net gain.
• Renewable electricity now powers over 70 offices worldwide, cutting operational emissions that once accounted for 80% of Schroders’ carbon footprint.
Schroders Reaches Full Renewable Power Milestone Ahead of Schedule
Schroders has achieved its target of sourcing 100% of electricity for its global operations from renewable sources, completing the transition in 2024 — one year ahead of its 2025 commitment under the RE100 initiative.
The move places the £750 billion ($910 billion) asset manager among a select group of global financial institutions that have fully decarbonised their operational electricity supply. It comes as asset managers face intensifying scrutiny from investors and regulators over their own emissions footprints and stewardship of financed emissions.
Ollie Wilson, Head of RE100 at the Climate Group, called the achievement “a huge accomplishment that requires strategy and investment,” adding that RE100’s collaboration with Schroders “strengthens the push toward zero-carbon grids globally.”
Inside the RE100 Framework
RE100, a joint initiative by Climate Group and CDP, brings together over 400 large corporations committed to sourcing 100% renewable electricity. The programme’s technical standards require credible procurement methods, public disclosure via the CDP climate questionnaire, and independent annual validation.
Schroders joined RE100 in 2019 as part of a broader operational climate strategy grounded in science-based targets and low-carbon energy transition. Electricity use in its offices accounted for roughly 80% of the company’s direct greenhouse gas emissions at the time. Its formal pledge: reach 100% renewable electricity across all owned and leased offices by 2025.
By 2023, the firm had reached 98%. The final 2% came in 2024 through expanded access to verified Energy Attribute Certificates (EACs) in previously unavailable markets. Today, the few regions still lacking renewable procurement options represent just 0.7% of the company’s global electricity footprint — a figure that RE100 allows to be excluded from formal reporting.
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Horsham Solar Campus: A Case Study in On-Site Decarbonization
A cornerstone of Schroders’ transition is its Horsham Campus in the United Kingdom, where the company completed a large-scale solar installation in 2024. The 2,606 photovoltaic panels are projected to generate 1.13 GWh annually, supplying nearly a quarter of the campus’s electricity needs.
The project integrates 58 electric vehicle charging stations to promote low-carbon commuting and includes sustainability targets for waste, emissions, and biodiversity. During construction, the site achieved over 90% recycling, sent zero waste to landfill, and adhered to ISO 14001 environmental management standards.
Over the lifetime of the panels, Schroders expects to avoid approximately 3,900 tCO₂e in emissions — equivalent to 85% of the firm’s annual office electricity consumption worldwide.
Situated near the Warnham Site of Special Scientific Interest (SSSI), the Horsham project also incorporated a biodiversity net gain plan targeting a 10% increase in local biodiversity. Post-installation surveys recorded a 12.8% gain through measures such as native habitat restoration, bird and bat boxes, and floral preservation initiatives.
Maintaining Renewable Sourcing Amid Market Complexity
Schroders’ Head of Climate and Environment, Elena Pemberton, noted that sustaining 100% renewable electricity annually “is more complex than it appears,” citing inconsistent market access and evolving RE100 criteria. The firm plans to strengthen its reliance on direct sourcing where feasible, moving beyond certificates to long-term supply contracts with renewable generators.
The company’s achievement aligns with a broader shift in the financial sector, where asset managers and institutional investors are being pressed to match their portfolio decarbonization strategies with credible operational action. For Schroders, this operational milestone complements its net-zero investment commitments and its ongoing engagement with companies on climate governance and transition planning.
Global Significance
Schroders’ success adds momentum to the RE100 coalition’s drive to mainstream renewable electricity across corporate supply chains and regions. As emerging markets work to expand grid access and renewable infrastructure, large multinationals’ procurement strategies — and the pressure they exert on utilities — are proving to be key accelerators.
The firm’s early completion reinforces the message that large financial institutions can both meet and advance their sustainability targets despite fragmented regulatory environments. As Pemberton summed up, maintaining credibility in renewable sourcing “isn’t about one announcement — it’s about consistent, verifiable progress year after year.”
For investors and peers, Schroders’ experience highlights a critical intersection of governance, energy procurement, and accountability — a reminder that the race to net zero begins within an organisation’s own walls.
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