Microsoft Word - Environment Report 2018 - Draft

CO2e offsetting

Lockton has taken the decision to offset 100% of our CO2e generated total for the 2017-18 period, by using accredited schemes against all our Scope 1,2 and 3 carbon emissions, with this being achieved through buying carbon credits certified under the Gold Standard. Gold Standard is a non-profit Swiss Foundation endorsed by 80+ international NGOs and with more than 1,400 projects in 80 countries undergoing certification. The Gold Standard has become the global benchmark for the highest integrity and greatest impact in climate and development initiatives. Each tonne purchased represents one ton of CO2 (or an equivalent greenhouse gas) emission prevented, or captured from the atmosphere. Final selection of the schemes will take place after this report has been published. All the CO2 credits purchased will be validated through Gold Standard and managed in conjunction with our external advisor, Carbon Footprint Ltd. In future reports we will be providing information on the offset schemes that we undertake. In addition to offsetting all our Scope 1,2 & 3 emissions Lockton has gone one step further and introduced this year a new voluntary benefit, available to all Associates and LLP Partners, allowing the offsetting of their household CO2e to be recorded and offset. This innovative programme uses government data to calculate CO2e for the average associates household and the entire amount then offset. This opt in programme has been launched in the last month and Lockton will be meeting 50% of the offset cost and the remainder by the individual. The take up on this, within the first month, will allow nearly 1,000 tonnes of Co2 to be offset. As with the main offset programme, we will also be providing information on the offset schemes that we undertake. We go one step further

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