Lockton Re Environment Report 2024

Scope 3 Performance

Scope 3 tCO2e Emissions Target

0.00 200.00 400.00 600.00 800.00 1000.00 1200.00 1400.00 1600.00

1359.25

849.14

806.55 764.10

721.65 679.20

636.75 594.30

551.85 509.4

466.95 424.5

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

The increase in our reported emissions for the current period is primarily a result of enhanced calculation methodologies and increased data coverage, rather than a significant change in operational activities. We have updated our calculations to incorporate the latest emission factors and have expanded the scope of our data collection to include sources that were previously not accounted for. These changes provide a more comprehensive and accurate representation of our total environmental footprint, reflecting our commitment to greater transparency and improved reporting standards. Transport and travel This area of our CO₂e reporting has shown a substantial increase this year. The development of an alternative calculation method has changed the numbers substantially and review of this change has indicated from our external auditors that they are in agreement with this higher number. Our CO₂e per associate related to travel is kg, of which 95.5% is related to air travel. As such, this number will now be used for the future years reports as a new baseline year and targets will be set around this. Secondary target 1/3ofcurrentinternal facetofacemeetings tobemovedtovideomeetingsby2028, thiswillcontributetowards the reduction in travel CO₂. We are expecting the development of an appropriate measurement methodology as part of the revised measurement, target and reporting for next year.