Lockton Environment Report 2023

Paper Use We previously advised for paper we set one reduction target and one technical target, albeit that paper in and of itself is a low tCO2e total impact item. o An overall 30% reduction in paper use within 5 years, based on 2017-18 purchased sheets. o Alongside this we set a 25% of the paper we use to come from recycled sources by 2020. We had met those targets. However we continued to record and review the paper purchase data and the return to the office has seen the quantity of paper purchased in the UK climb in the past year. Whilst not unsurprising this increase has lead to the review of paper and the setting of a continuing target for paper use at a reduction of 10% per annum for the next three years. Performance against target Quantity of paper used The methodology takes all sizes of paper purchased and converts to a standard A4 sheet and then uses this as the baseline to calculate overall quantity. We continue to record this as a point of review. We are on track to meet this target.

Recycled paper. There is no change on this from previous years, working with our supplier, Banner, we have mandated all supplied paper to us should be recycled. The focus remains reduction of the absolute quantity of paper used.

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