Lockton Companies LLP Environment Report 2021-22

Environmental Responsibility Report

This year the report takes a different format. The initial part of the report is looking at the Environmental progress made over the last five years and concludes measurement of performance against our current targets. These targets were set around a single UK and Ireland set of data and the closing summary retains this single data set. Then an operational change within Lockton, where Lockton Companies and our previous reinsurance business unit separated into Lockton Companies LLP and Lockton Reinsurance LLP means that, going forward, each will measure and report separately and set their own targets. These will remain aligned and will evolve as the worldwide business of Lockton continues to grow. The second part of this report is looking specifically at just Lockton Companies. The Lockton business has returned to working as normally as possible after the necessary restrictions imposed on us to meet national controls appropriate for management of the pandemic. We have questioned our associates, our team leaders and managers and spoken with clients and, in a manner similar to a number of other major employers, we have adopted permanent agile working. Our premises remain open over the five traditional weekdays, our associate now have the ability to adopt a working pattern which maintains our record of client service, whilst giving flexibility over which days may be worked in the office and worked at home. Unsurprisingly our measured carbon has grown over the past 12 months as the traditional business processes return, and we have maintained our certified carbon neutral status.

Certified Carbon Neutral to PAS 2060 Standard & a new SBTi Commitment made.

The return to work and our 12 month carbon growth is compared to the measurement and performance we first recorded in 2017 and it is pleasing to note that in overall terms of CO2 generated per associate, we are some 43% lower in CO2e/Associate over the five year period. We have maintained our ISO14001 programme, repeated our measurement of our CO2 and continued our offset programme to ensure we have minimised our carbon impact now. We also recognise that this programme now needs to align with the multiple methodologies, aimed at the limiting the greenhouses gases in line with the 1.5C of the Paris agreement. To do so we have made a commitment to Science Based Targets for us, both near and long term.

2