Lockton Environment Report 2023

Environmental Responsibility Report

Our environment report continues to evolve year on year and this 2022-23 report is no different. The key data regarding measurement and review of our performance since 2017 continues. However the Lockton business now has an ESG group and policy and this environment report represents just part of an overall programme within the larger area of ESG. Our business, during the period of May 1 st 2022 through to April 30 th 2023, saw a considerable change in the environmental performance compared to the immediately preceding two years. Three of these key changes, detailed in the report are: Firstly the return to work after the previous two years of pandemic and travelling and working restrictions. We have been able to follow through with client requests to meet face to face and this has led to a marked increase in air travel this year. This air travel being essential to how we and our clients work together to understand, manage, advise and build insurance programmes and benefits advice that is suited to their unique needs and those of their stakeholders. Secondly, we have seen an increase in our headcount. This growth being strategic and directly related to planned successful expansion of the business, and each new associate has a CO2 impact. By planned actions we have minimised that impact; Thirdly the increase in renewable and low carbon electricity means we have continued to follow our strategic path of looking towards 100% renewable energy supply throughout the mainland UK. It is also pleasing to note that since we introduced our voluntary employee benefit package for offsetting personal household CO2, that some 8,954 tonnes of CO2 have been offset.

Certified Carbon Neutral to PAS 2060 Standard

We have taken steps to offset the CO2 generated by our operations through verified measurement and offset programs that have been assessed under PAS 2060. We have achieved 90% renewable electricity at our sites, moving closer to our target of 100% renewables by 2032. We are proud to retain this certification for our offsetting efforts. For those who work with Lockton, you can be assured that we will not add to your business’s carbon profile.

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