In July 2021, Ethical Consumer viewed the website of Hive looking for information on what the company was doing to tackle climate change. Ethical Consumer was looking for the following:
1. For the company to discuss its areas of climate impact, and to discuss plausible ways it has cut them in the past, and ways that it will cut them in the future. For the company to not be involved in any particularly damaging projects like tar sands, oil or aviation, to not be subject to damning secondary criticism regarding its climate actions, and to have relevant sector-specific climate policies in place.
2. For the company to report annually on its scope 1&2 greenhouse gas emissions (direct emissions by the company), and,
3. to go some way towards reporting on its scope 3 emissions (emissions from the supply chain, investments and sold products).
4. For the company to have a target to reduce its greenhouse gas emissions in line with international agreements (counted as the equivalent of at least 2.5% cut per year in scope 1&2 emissions), and to not count offsetting towards this target.
If a company met all of these criteria it would receive a best rating. If it met parts 1&2 (impacts and annual reporting CO2e) it would receive a middle rating. Otherwise it would receive a worst rating.
Hive did not provide any information on its website related to its key climate-related impacts. Nor did it refer to its carbon emissions in any way. Ethical Consumer attempted to view the company’s accounts in Companies House to see if there was any information on carbon reporting but none was found. Ethical Consumer also viewed the accounts on Companies House for Hive’s ultimate parent company, The Little Group Limited, but no reporting on its carbon management could be found. In turn, it did not meet any criteria. Hive therefore received a worst rating for carbon management and reporting and lost a whole mark under Climate Change.