What it means to ‘do the right thing’

Velo’s ESG Report – 2021/2​

Since our inception in 2010, Velo has been guided by our company motto – ‘do the right thing’. This motto is not only our everyday working mantra, but the epicentre of our strategy on environment, social and governance (ESG) that focuses on three key areas:

Do the right thing for our people

Be a place where the best people want to work and grow

Do the right thing for our planet

Crafting B2B marketing to be proud of in every way

Do the right thing for our partners

Lead by example and influence others

Download our ESG report

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For our people, we have:

  • Invested in a human resources information system to track and monitor our employee demographics, including gender, geographic and ethnic diversity.
  • ​Integrated well-being metrics into a twice-a-year staff survey so that we can proactively monitor the issues that matter, such as stress levels, work-life balance and overall satisfaction.​
  • Done so much more, including early talent development, a series of wellbeing and development programmes, SMART targets and our annual charity challenge, Miles for Smiles.

Learn more about our support for our charities and what it is like to work here.

For our peopleTargetPerformance
Team satisfaction> 80%84%
eNPS> 5071
Have the highest glassdoor rating of any UK-based B2B agencyHave the highest glassdoor rating of any UK-based B2B agency4.7/5 Glassdoor rating Highest rating of peers
Team development100%100%
Be more diverse and inclusive than the UK average> 19% - ethnic minority representation34.6% - ethnic minority representation
Have a smaller gender gap than industry average> 15.3%3.3%
Introduce new early talent to the industry every year1 position created2 positions created

For our planet, we have:

  • Measured our impact using carbon accountancy tool, Sage Earth, which aligns with Greenhouse Gas Protocol Standards.
  • Committed to being one of more than 4,000 businesses around the world that have applied to the Science Based Targets initiative (SBTi).
  • Analysed workflow and methodology, marketing approaches to make sure that the carbon impact of assets are considered when choices are being made.

See our live offsetting Ecologi dashboard here.

For our planetTargetPerformance
Net zeroScope 1 and 2 by end of 2022Scope 1 and 2 by end of 2022
Net zeroScope 1,2 & 3 by end of 2023Due end of 2023

For our partners, we have:

  • Implemented an anonymous feedback loop for our team to identify any clients or suppliers that are detrimental to our team’s wellbeing.
  • The largest impact is where we work with others, acting as a partner with minimal ​scope 3 emissions, or working with them to tell stories, build campaigns and advance their own ESG missions.

See examples of our work in our ESG report.

  • Overhauled our new business pitch process to be ruthlessly focused on working with the right companies and limiting the number of new business pitches we conduct to minimise waste.

Tell their stories – learn more here.

For our partnersTargetPerformance
Only partner with companies who share our valuesAudit to be completedComplete
Number of clients named as sources of unacceptable stress0%0%
Be compliant with ESG requirements of clients100% compliance with all clients100% compliance with all clients
Manage ESG-related projectsFor 20% of Velo’s core clientsFor 33% of Velo’s core clients
Support charity partners through fundraising and pro bono activity120 hours per annum85.1 hours £1,924.67 raised

Download our ESG report

downloadDownload now

 

This is just the beginning, and we have more to do as we explain in our ESG report. We know too, that many other businesses are also looking to develop their own proach to ESG. We can help support you in that journey, either helping you tell your own story, or sharing our experiences.​

If you’d like to talk about anything related to ESG, or how we can help you with your efforts, we’d love to treat you to a coffee (in a Velo reusable cup, of course!).

Paul Crabtree, MD
On behalf of the Velo Senior Leadership team​

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