Lockton Environmental Report 2023-24

CO₂ report Emission data and review 2023-2024 Summary CO₂e - New hybrid calculation illustrates an increase in CO₂e This report is presenting the 2023/2024 data as a stand-alone, set of CO₂e calculations as the report has changed to include a Well-to-Tank (WTT) element within the CO₂e in order to better identify the upstream supply side CO₂e. We are committed to using a new CO₂e calculation method going forward. And we are in the process of doing so. We are moving from PAS 2060 Carbon Neutrality Certification to the ISO14068-1 Certification, which is changing the methodology for reporting.

Three emission scopes are set down in the GHG protocol and are detailed below:

Scope 1: Direct emissions Occur from sources that are owned or controlled by Lockton. Examples: Fuel combustion, Gas burnt.

Scope 2: Electricity indirect emissions GHG emissions from the generation of purchased

Scope 3: Other indirect emissions

An optional reporting category for all other indirect emissions that are a consequence of our activities. These occur from sources not owned or controlled by the company. Examples: electricity transmission and distribution losses, employee business travel, waste etc.

electricity consumed by Lockton (using both location and market based approach (dual-reporting).

Overall CO₂e 2023-24 Lockton Companies

Includes WTT

Lockton Companies LLP CO₂e Measured Quantities 2023-24

2023-24

Natural Gas Company Car Refrigerants

-

8.63 0.00

Site Electricity Generation (market-based)

106.45

Emissions analysis by scope Scope 1 Emissions 6.84 tCO₂e

Flights

8,716.73

Rail Travel Taxi Travel

86.26 99.61

Employee Car Travel

245.64

Waste Paper

0.35 6.26 7.29

Site Electricity (T&D) (market-based) Total Tonnes of CO₂e (market-based) - Tonnes of CO₂e per employee - Tonnes of CO₂e per £M turnover Total Tonnes of CO₂e (location-based)

9,277.21

4.88

23.72

9,752.20

Methodology We are measuring and reporting our emissions based on a period that aligns with our financial year and using an external third party, Carbon Footprint, to assist. We are taking our raw data and using GHG protocol and Defra guidelines, and using the latest metrics from BEIS, to calculate our CO₂e. All results are then validated to ISO14064-3. Emissions totals are calculated by multiplying activity data (i.e. electricity consumption) with the appropriate emissions factor (i.e. UK electricity generation). This year includes the Well-to-Tank element within the overall calculations.

The combined Scope 1 emissions for the 2022-23 reporting year are 6.84tCO₂e. This is from fuel consumed by a single owned company vehicle. We purchased no fuel for electricity or heat generation.

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ENVIRONMENTAL REPORT | LOCKTON

ENVIRONMENTAL REPORT | LOCKTON