Lockton Environment Report 2018

As can be seen, flights represent the majority of all Lockton’s CO2e emissions and our flights gave rise to 1,419 tonnes of Co2 during the period May 2017 to April 2018 out of our total CO2e of 2,351 tonnes. This represents 60.35% of all emissions. This travel reflects the international nature of our business and the location of our clients and the personal nature of our services and the need to validate information and review risks with clients and deliver our advice to them. Our business travel is client led, we are continuously introducing more technology into the business to enable alternative methods of working and meeting via video conferencing, including use of WebEx and Cisco Spark boards. We believe that by encouraging and promoting on line meetings and better electronic sharing of information we can influence the way associates work to avoid unnecessary travel. Electricity use then stands out as our second largest CO2e impact, at 518.3 tonnes, representing the need for our associates to be provided with a satisfactory office environment, in locations which support the business strategy and client needs. Our offices are modern, with the majority of our associates housed in energy efficient buildings which are BREEAM rated excellent. Use of energy per associate is lower this year compared to last year when looking at kWh/associate across the whole estate. The key for us to achieve CO2e reductions on electricity is to seek to use suppliers with a high renewable generation in their fuel mix, alongside continuing to seek improved efficiencies and use less electricity per associate. The third highest area of CO2e emissions is driving. The 259 tonnes represents 873,500 miles on UK roads, again with Lockton associates going to clients to visit their businesses and risks. As with air travel, we will be reviewing meeting purposes and looking to our associates to consider alternative methods for internal meetings. Our CO2e strategy is therefore based around the reduction of these three key areas of our environmental impact, and offsetting the CO2e generated by them.  Flights – Reduce internal Meeting Travel  Energy Use – Maximise Efficient Use of our Energy and use Renewables  Car Travel – Reduce internal meeting travel with a further lowering of CO2e in the remaining areas, but recognising that any improvement in these remaining areas will only have a marginal CO2e impact. CO2e Assessment and commentary.

8