Lockton Environment Report 2023

CO2 Emission and Review Summary

This year we are reporting an increase in the overall CO2 generated by Lockton Companies LLP compared to previous years. This is as a direct consequence of an increased quantity of air travel as we and our clients return to the more normal way of face to face working as the pandemic restrictions were removed. If we briefly look to one side of air travel, we can see from analysis of our CO2e measurement, that, despite this overall increase, our CO2e per associate is marginally lower than 2017-18. It has to be said that an absolute measurement comparison for the period 2017-18 to 2022-23 is difficult, as our method of measure has changed and improved, and the business has also changed, with Lockton Re LLP statistics now being assessed separately, following their separation out from Lockton Companies LLP in May 2021. The current CO2 measurement for this and the prior year does represent Lockton companies in isolation and next year we expect to be able to make direct year on year comparison on a like for like basis (no pandemic distortions) and review any targets set for absolute amounts. 7% reduction in CO2e per associate over five years and an unwelcome, but not unexpected, increase over our prior year overall.

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