Lockton Re Environment Report 2024

Scope 3 Emissions 1,359 tCO₂e

Scope 3 tC02e Emissions

1000 1200 1400 1600

0 200 400 600 800

1359

849

412

2021-22

2022-23

2023-24

This year's Scope 3 tCO₂e reporting shows a significant shift from previous years, reflecting a more comprehensive approach to measuring our emissions. Travel now accounts for much of our Scope 3 total, at 1,357 tCO₂e out of 1,359 tCO₂e. A deeper look reveals that air travel alone is responsible for 95.6% of these emissions, totaling 1,299 tCO₂e. This data clearly identifies travel as our most critical area for emissions reduction for and the future as we work to build a complete picture of our environmental impact. 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 theamount reported. Additionally, as we work to improve our entire Scope 3 reporting, we expect this figure to rise again for our 24-25 reporting.

Overall CO₂e assessment and commentary Asperprevious years,one area stands out inour CO₂e profile, thatis travel. Whilstair travelrepresentsthemajority, cartravelis areasonable element anduseoftaxis and rail also contribute amount to our emissions as a result of this.

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