Olympia Events, which runs Olympia London in Kensington, has published details of its progress towards becoming a net zero venue by 2050.

Its ESG ‘Grand Plan’ strategy has revealed that it has cut water consumption by 38.2% between 2022 and 2023.

Over the same period its electricity consumption was reduced by 5.3% and gas consumption has fallen by 2.1%.

Analysis of its net zero progress has shown that almost three quarters of its footprint originates from Scope 3 emissions, including those from its supply chain.

To tackle this it has initiated supplier workshops and developed a tool to track and manage suppliers’ Scope 1 and 2 emissions.

“There is a long way to go for us to reach our goal of Net Zero 2050,” said Olympia Events commercial director Anna Golden.

“However, in 2023 we’ve taken some really significant strides in understanding the source of our carbon emissions, reducing them and planning how to them.”

Meanwhile, the venue has supported its local communities through its charitable trust, which handed schools and education programmes more than £30,000 in 2023. In addition, its staff volunteered 112 hours to community projects.

Olympia Events head of sustainability Siân Richards added: “We are very proud of the positive impact we had on our local community in 2023, alongside our environmental progress as part of our Grand Plan.

“Giving back to the community and progressing our net zero programme demonstrate our dedication to creating a more sustainable future. We remain committed to leading by example and inspiring positive change in the events industry and beyond."

Olympia London has three event spaces covering over 25,000m².

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