Should sustainability be at the forefront of more companies?

The London Stock Exchange Group (LSEG) takes their initiatives to a whole new level

At LSEG, sustainability is a significant component of their focus area, not just in Sri Lanka, but across the globe. They don’t just do it to look good on paper — it’s ingrained into their corporate strategy, and it is fundamental to their services and continued success. LSEG’s strategy consists of four pillars. The first is their markets, where they support the sustainable growth of companies in the long run and help companies achieve economic viability and prosperity. The second is services that enable them to make informed decisions and make sure markets conduct operations transparently. The third is the people. LSEG recruits and develops a diversified workforce, and in Sri Lanka, their efforts to make strides in these areas are comparatively stronger than many other organizations that have been here for much longer. The last pillar is communities, where LSEG empowers people and enriches the communities they operate in with a strong CSR footprint.

“Our commitment continues to be supporting global financial markets to ensure they not only grow, but do so sustainably,” shares Shanaka Abeywickrama, Head of Marketing and Corporate Communications – Sri Lanka and Group Technology. “We have also found that creating a diverse and inclusive culture amongst staff – consistently investing in our people, allowing them to reach their fullest potential – is a key factor in productivity.” He continued, “With a workforce that is engaged and empowered, every year, LSEG sees over 400 staff members volunteering their time and coming together to dedicate 2,500 or more hours to work on a range of social initiatives. LSEG provides them with a platform to not only focus on the environment but also on anything they are passionate about.” LSEG has a wide variety of sustainability initiatives that they drive throughout the year. But according to Sara Sadoon, Associate Manager – CSR & Sustainability at LSEG, one initiative that has made the biggest impact is their stance on no plastic at their premises. “We were using approximately 1,000 bottles per year, and that is now zero. With a staff force of over 1,500 in three locations, reductions in single-use plastic are a huge achievement and make a lasting impact,” she says.

LSEG empowers people and enriches the communities they operate in with a strong CSR footprint

SUSTAINABILITY INITIATIVES AT LSEG

ENERGY CONSUMPTION

  • Energy reduction in equipment utilization
  • Air conditioning chiller optimization
  • Switch to LED lighting

SINGLE-USE PLASTIC USAGE

  • No plastic bottles at the LSEG premises
  • Usage of city water with further purification via state-of-the-art filtration system
  • Future initiative – the introduction of stainless-steel lunchboxes for all staff to reduce the usage of plastic lunch sheets/ takeaway boxes, replacing plastic straws with paper straws in cafeteria

RAINWATER HARVESTING

  • LSEG has five ponds for rainwater harvesting at the LSEG Technology campus in Malabe with the total capacity in cubic metres – 5,278
  • There is an average water capacity of 4,000 cubic metres throughout the year
  • This water is used for on-site plumbing/ washing at the premises
  • Sewage and wastewater recycled and used for the garden

LSEG VEGETABLE GARDEN

  • Produce grown in the garden is used for the cafeteria at LSEG Technology

ARCHITECTURE

  • LSEG Technology was built in a way that uses as much natural light as possible with adjustable blade panels outside buildings
  • The current renovation of LSEG Technology’s HQ building in Malabe is to use as many sustainable practices as possible

RECYCLING

  • Compost pit using tree leaves, cow dung and old compost formula. This produces 200 KG of fertilizer per month that is reused for the plants in the garden
  • Daily food waste from all premises recycled as animal feed
  • Maintenance of separate waste bins at all LSEG SL premises
  • Future plans include allowing employees to bring electronic waste from home to have it recycled correctly

INITIATIVES IN – PROGRESS

  • The introduction of oxygenating plants (living walls) to reduce VOCs (Volatile Organic Compounds) in the air, improving air quality
  • Optimization of transport routes/ encourage staff to use office transport
  • Effective work from home process
  • Employee awareness and engagement programmes
  • Creating habitat corridors to encourage butterfly and bird species to migrate across the campus

EXTERNAL

  • Community cleanups with staff volunteers
  • Tree planting programme – 700 trees were planted in 2019

 

Shanaka Abeywickrama,
Head of Marketing and Corporate
Communications – Sri Lanka and
Group Technology

Another aspect they’re proud of is the self-sufficiency at their premises, from rainwater usage to solar power to their vegetable garden. “At the LSEG Technology campus, we have five ponds for rainwater harvesting, and we use this for our on-site plumbing,” explains Sara. “Our compost pit produces about 200 kilograms of fertilizer per month, which we use in our garden and this supplies ingredients used in the cafeteria. Even the architecture at our premises is conducive to utilizing natural light as much as possible with adjustable panels on our buildings, along with the use of solar power at our employee accommodation. We’re proud of the fact that the entire campus is designed in a way that uses natural resources as much as possible for anything that we need to do.”