Lockton Re Environment Report 2024

Carbon offsetting

Continuing to step further. We are carbon neutral with verified measurement and verified offset.

Lockton is focusing onremovingCO₂fromwhatwedo, andthisprogrammewillgradually improveourCO₂e profile. Until it succeeds, and particularly as technology advances to allow lower or zero carbon options for travel, we will continue with our chosen partner, Carbon Footprint, to select and use accredited offset schemes. To do this we need accurate verified measurement, which is covered earlier in this report, and then purchase carbon credits to offset all our emissions. The offset method remains unchanged from the prior year and we have again undergone PAS 2060 assessment of our programme to recognise, accredit and reinforce our Carbon Neutral credentials. We continue to be proud to say we are a carbon neutral organisation. In the future as other targets impact on our generated CO₂ the carbon neutral position will be maintained with carbon offsetting reducing as our business processes are gradually de-carbonised. Ouroffsettingisundertaken tointernationally recognisedstandardsandforthisweusePAS2060.Wehave alsorecognised that from 1st January 2025, ISO 14068-1:2023 will replace PAS 2060. Our measurement and reporting and offsetting are therefore being changed to align to this standard in future reports.

CERTIFIED CARBON NEUTRAL TO PAS 2060

This year we have used one main VCS Gold Standard Project, a Wind Power Project in Madhya Pradesh, Gujarat and Kerala by D.J. Malpani.

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ENVIRONMENTAL REPORT | LOCKTON RE