Lockton Companies LLP Environment Report 2021-22

Brazil: Pacajai REDD+ Project State of Para, Brazil – 238t The main objective of the Pacajai project is to prevent and avoid unplanned deforestation in native forests, avoiding the net emission of 264.116tCO2e for a period of 40 years of the credit period of the project. This objective will be achieved by managing the land in the form of a "conservation reserve private sector”, developing and implementing a management plan. This plan includes rigorous monitoring and inspection plan based on existing experience of surveillance activities underway in the area since 2008. These expanded monitoring activities will be undertaken actively with the participation of local settlers who live within the project boundaries. The local population involved with this monitoring are receiving resources, training in forest management techniques and monitoring technologies. The project is both VCS and Climate, Community & Biodiversity (CCB) certified. Retirement Certification for both schemes are recorded here: https://registry.verra.org/myModule/rpt/myrpt.asp?r=206&h=168465 https://registry.verra.org/myModule/rpt/myrpt.asp?r=206&h=166325 : https://registry.verra.org/myModule/rpt/myrpt.asp?r=206&h=169001 : Three years ago we introduced a voluntary employee benefit for our associates, that enabled them to join a scheme that let them offset their personal household CO2. We have continued this benefit programme and retaining our link with Carbon Footprint we have maintained our scheme whereby Lockton contributes 50% of the cost of the Carbon Offset and the associate contributes the remainder on a monthly basis. The amount of carbon to be offset was calculated by Carbon Footprint using nationally published data sources for household CO2 generated and the cost to the associate was a simple £2.50 per month. This scheme is now embedded in our employee benefits programme . Associates are then supplied with an annual certificate confirming their participation and that the Co2 has been offset. Continued provision of an employee benefit to our associates in assisting their personal household CO2 offset.

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