Lockton Environmental Report 2023-24

Scope 2 Emissions electricity consumed 106.45 tCO₂e

Scope 3 Emissions 9,169 tCO₂e

The last twelve-month period electricity consumption with our offices has resulted in emissions of 106tCO₂e. The change over previous years is in part due to us including a WTT element, but also reflects that we are subject to the CO₂e that comes from purchasing decisions made by our landlords. As tenants in buildings, we are held captive to their sub-supply to us, as we are part tenants of a larger building. ELECTRICITY CONSUMPTION PER HEAD HAS DECREASED SLIGHTLY DESPITE 40,000SQ.FT. OF ADDITIONAL SPACE IN LONDON AT 1,215KWH PER ASSOCIATE. From May 2023, we had full access to our additional floor in the St Botolph Building in London and added almost 40,000sq.ft. of office space to our UK portfolio, bringing it up to 185,587sq.ft. Whilst part of this was in use in the prior year, it was only in 2023-24 that the full use of all the additional space came on stream. We added 27% to our occupied floor space, to provide for headcount growth in the business and still reduced our consumption per head by approximately 5% over the previous year, see targets later. This will reduce as the headcount increases to fill the new space.

This year sees a radical departure from previous years regarding our reported Scope 3 CO₂e. Travel represents 9,148 of the Scope 3total of 9,169. Within the overall total, air travel is now alone representing 8,717 tonnes. The rise in part does reflect an increase in the extent of travel undertaken by our associates in delivering the substantial growth the business has undergone over the previous 12 months. A revision to include WTT in the calculation has also raised the amount reported.

Overall CO₂e assessment and commentary As per previous years, one area stands out in our CO₂e profile, that is travel. Whilst air travel represents the majority, car travel is a reasonable element and use of taxis and rail also contribute amount to our emissions as a result of this.

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ENVIRONMENTAL REPORT | LOCKTON

ENVIRONMENTAL REPORT | LOCKTON