Lockton Re Environment Report 2024

CO₂report 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 changedto include a Well-to-Tank (WTT) element within theCO₂ein order tobetter identify theupstream 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.

Includes WTT 2023-24

Overall CO₂e2023-24 Lockton Re

Lockton ReCO₂e MeasuredQuantities 2023-24

Scope 1 Company Car

9.14

Scope 2 Electricity Consumption (Market Based)

0.00

Scope 3

Cat. 3. Fuel- and energy related activities (not included in Scope 1 or Scope 2) Cat. 6. Business travel (not included in Scope 1 or Scope 2)

2.40

1,356.85 1,359.25

Scope 3 total

Total Tonnes of CO₂e (market-based) - Tonnes of CO₂e per employee - Tonnes of CO₂e per £M turnover Total Tonnes of CO₂e (location-based)

1,368.39

6.61

19.08

1377.14

Methodology At Lockton Re, we are committed to transparent and robust emissions reporting. Our measurements are aligned with our financial year and meticulously calculated with the assistance of an external third party, Carbon Footprint. Our Scope 1 and 2 emissions are precisely derived from activity data, such as electricity consumption, applying the appropriate emissions factors for UK electricity generation. For Scope 3 emissions, we currently base our calculations on comprehensive activity data, including the total mileage of flights flown, and this year, we have enhanced our methodology to include the Well-to-Tank (WTT) element. While we acknowledge that our Scope 3 reporting is an evolving process and does not yet capture every aspect of our emissions, Lockton Re, in collaboration with our third-party consultant, is actively enhancing our reporting capacity. This ongoing effort will enable us to capture all necessary data and build a complete and comprehensive Scope 3 reporting profile in the future.

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