Lockton Re Environment Report 2024

Scope 1Performance

Scope 1 tCO2e Emissions Target

10

9.14

8.68

8.23

7.77

7.31

8

6.86

6.398

5.941

5.484

6

5.027

4

2

0

2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33

Actual

Target

Performance against targets

As of 2023-24 we started to report on the new vehicle purchased by Lockton Re, Our Scope 1 emissions increased from 0 to 9.14 in 2024 due to the purchase of a company vehicle. This new asset is a direct emissions source, with the 9.14 figure representing the total emissions from its fuel consumption for the year. Our Scope 1 targets has been calculated using the new emissions and we will work to meet this target.

Scope 2Targets Electricity

As Lockton Re continues to grow, so too does our operational footprint, potentially leading to the need for additional office space. Our current London office in the St Botolph building proudly operates on 100% purchased renewable electricity, a commitment upheld since 2021. We're actively working with our landlord to ensure this status is maintained for the duration of our lease. Crucially, as we potentially expand into new locations, we are committed to replicating this 100% renewable electricity standard across all our future offices. This proactive approach underscores our dedication to sustainable growth.

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ENVIRONMENTAL REPORT | LOCKTON RE