Our environmental strategy

Taking – and visibly demonstrating - action on climate change will benefit our Company in the long run, not least by helping build and sustain trust among our employees and other key stakeholders. Acknowledging our impacts, recognising our responsibilities, taking effective action and adopting a clear policy of transparency in our reporting are no more than good governance, in an age and an industry where reputation is key to success.

 

 

 

Putting environment policy in action

We look to take all practicable and economic measures to conserve and reduce energy consumption at our offices all around the world. We monitor our impacts using Credit 360, a system that measures relevant data and generates reports which provide practical guidance in identifying our impacts and managing their reduction.

Under this policy, we undertake to:

  • Ensure our compliance with all environmental legislation wherever we operate
  • Capture and analyse selected environmental data, looking to identify significant impacts and, where appropriate, set Group-wide per capita targets to enable a process of improvement
  • Stay abreast of technological developments which could help reduce environmental impacts
  • Consider environmental issues when procuring resources and services
  • Report openly on our environmental policies, practices and performance, both internally and externally
  • Raise awareness of environmental issues among our people and help them play their part – in the workplace and elsewhere
  • Regularly review our approach to 'carbon neutrality' in our global operations.

TL Report

 

Our climate change approach involves four main activities

  • Measuring and reporting on our impact
  • Engaging our staff and other stakeholders
  • Reducing energy inefficiencies wherever possible
  • Offsetting our remaining carbon dioxide emissions (air travel only).

 

Setting our environment target

As part of a climate change strategy appropriate to the nature and scale of our business, we have traditionally set a target of 5% year-on-year reduction of our carbon dioxide emissions per capita against FY2006 base year.

 

Tracking our activities, reviewing our targets

The last few years have seen a consolidation of two sites into our new London HQ; Man’s merger with GLG; and centralisation to a global data centre. It will take a further year or more for the full benefits to be apparent; in the meantime duplication of systems to ensure appropriate resilience and safeguards is critical to our sustainability. Our energy consumption data indicates that this has caused significant short-term increases in energy usage. We are tracking this situation and will review our targets and take any necessary measures once these projects are fully operational.