Just Group plc | Annual Report and Accounts 2024
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Sustainability: TCFD
TAKING STEPS TO A FAIRER FUTURE Our sustainability strategy has three pillars:
Making a positive impact Leaving a responsible footprint Creating a fair world
You can discover more about our sustainability story on our Group website justgroupplc.co.uk/sustainability
OUR COMMITMENT TOWARDS NET ZERO
Scope 1 and 2 NET ZERO BY 2025
0
100
200 300 400 500 600 700 800
All Emissions 50% REDUCTION BY 2030 (includes all Scope 3 emissions categories as per GHG protocol) All Emissions NET ZERO BY 2050 (includes all Scope 3 emissions categories as per GHG protocol) OUR PROGRESS so far TO NET ZERO BY 2025 Just set an ambitious target to reach net zero in our own operations (Scope 1 and 2) by the end of 2025. We have made great progress towards the target so far, reducing our emissions by 651 tCO 2 e (a 90% reduction against our baseline). The trees we are planting in partnership with EcoTree have already certified 59,518 tCO 2 e of ex-ante credits for use against our net zero target. We had intended to retire our credits once a minimum of a 90% absolute reduction has been achieved, in line with the Science-Based Targets initiative’s (SBTi) standards for net zero. We will continue to make further reductions in 2025, before retiring any credits.
Plan
You can read more about our transition to net zero in our 2024 Transition Plan, on the Sustainability section of our Group website.
Methodology: We have used the GHG Protocol Corporate Accounting and Reporting Standard (revised edition), and 2024 emission factors from the Department for Energy Security and Net Zero. The organisational boundary of our emissions reporting is operational control. Our operational boundary, comprises our directly owned and leased offices and building emissions (including gas, fugitive gas, and electricity) as well as Scope 3 categories 5, 6, 7 and 15. We use both a sales intensity metric (tonnes of CO 2 e per £m retirement income sales) and an employee intensity metric (tonnes of CO 2 e per employee) to normalise our data and provide useful performance indicators. Eshcon Ltd conducts an annual review of Just Group plc’s data collation and calculation processes and provides verification of the GHG Emissions Statement to ISO 14064-3 standards, with the exception of our investments emissions (Scope 3, category 15). We are in the process of setting near and long-term targets aligned with 1.5 degrees science based target trajectory. 100% of the reported emissions relate to emissions in the UK and offshore area.
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