Lockton Environmental Report 2023-24

PAS 2060 − Environmental Targets

Environmental policy and our accreditation

PAS 2060

PAS 2060 REQUIRES THAT WE ALSO LOOK AT THE LONGER TERM AS WELL AS MEASURING THE CURRENT.

LOCKTON CONTINUES TO HOLD UKAS EXTERNALLY ACCREDITED ISO14001:2015 ENVIRONMENT MANAGEMENT SYSTEM.

PAS 2060 Carbon Reduction Plan Under the PAS certification process, we need to continue to demonstrate a continuing carbon reduction programme. The effect of COVID-19 restrictions during 2021 on our travelling necessitated re-baselining our emissions this year. We remain committed to our previous set targets in our carbon management plan. • A 33% reduction in air travel emissions related to internal company meetings by 2028, measuring from a baseline of 2023, set around a metric of tCO₂e/£turnover. • To have all electrical supplies to Lockton Companies from 100% zero carbon or renewable generation sources by 2032. • Progress on PAS 2060 Carbon Reduction Air Travel The change in methodology being adopted at present means we are having to re-baseline our reporting on this and will align new targets next year to the requirements of the ISO14068-1 measurement and reporting. Renewable Electricity The choices made by our landlord continue to influence our ability to work towards these targets, as we cannot install our own separate incoming electrical supplies in buildings where we are part tenants of a larger building. This year, means that our low carbon energy purchase percentage has dropped back to 88%.

Lockton to lead on this and be the first London Market Broker to obtain this internationally recognised environment accreditation. Extensive work is undertaken during the year to maintain and update the management systems and records and essential external verification takes place in March each year. We work with Equas as our external partner to provide the control software and advice on operation and maintenance of our systems, and with BAB Assessment as our external UKAS Audit. The Environmental Policy forms part of the Lockton ISO 14001:2015 Environment Management System and is reproduced below. Lockton Environmental Policy Lockton Companies LLP recognises that its business activities interact with the environment in a variety of ways. These activities have an impact in the key areas of: y Raw material use y Energy use y Generation of waste materials The company recognises that it has a responsibility to help protect the environment wherever it has an opportunity to do so, be a responsible neighbour and to provide a comfortable environment for its associates to work in. As such, the company is committed to: y Continual improvement in the environmental impact of its business activities y Preventing pollution wherever possible

y Complying with all relevant legal, customer, and other environmental requirements y Occupying and using its offices in a manner which minimises the consumption of energy y Improving the efficiency with which it uses office materials y Minimising the generation of waste materials and their environmental impact

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ENVIRONMENTAL REPORT | LOCKTON

ENVIRONMENTAL REPORT | LOCKTON