Lockton Companies LLP Environment Report 2021-22

Transport and Travel he return of international travel after the pandemic has immediately lead to a surge in travel as the Lockton associates catch up with their clients after the enforced hiatus. This travel being an increase in all areas, trains, taxis, associate’s car travel and most obviously in air travel. Our stated target was to reduce our travel co2e per associate by 10% from the amount in 2017 18 by the end of 2022-23 financial year. As reported previously, we were ahead of that target. We were ahead of that in earlier years, this in part was driven by headcount growth and part by increased use of video conferencing, which was already a subject of investment by the business prior to the pandemic. This year has seen the leap in travel brings the annual kgCO2e per associate back up to 1,333kg. This is still tracking below the target set

Performance against target Target achieved. 18% outperformance over the set target We have outperformed against the reduction target by 18% with measure kg/associate of 1,333 vrs the 1,573 kg target for 2021-22 Whilst we have closed this target the importance of air travel in our CO2e generation means that we will be setting targets under PAS 2060 for continued reduction in air travel in the coming 10 year period. It will also form a major part of our new SBTi targets for scope 3 once confirmed and validated. The aim carried forward for both Lockton Companies and Lockton Re will be a reduction of 33% by 2028 in air travel, measured in tCO2e per £ of turnover, for internal meetings. Further targets may be developed through the SBTi methodology.

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