Just Group plc | Annual Report and Accounts 2024
42
sustainability: TCFD continued
STRATEGIC OVERVIEW We have built our sustainability strategy around the United Nations’ Sustainable Development Goals and three guiding themes: Making a positive impact, Leaving a responsible footprint and Creating a fair world. The strategy is aligned to those Sustainable Development Goals where we believe we can make the most difference. Just has made a commitment to reach net zero in its own emissions (scope 1 and 2) by 2025 and in all other emissions (scope 3) by 2050, with a 50% reduction overall by 2030. This commitment aims to align with the Association of British Insurers’ Climate Change Roadmap, published on behalf of the insurance industry. This year the SBTi have granted an extension, to submission deadlines for financial institutions, which we have accepted. The timing of our submission therefore will now align with the revised deadlines published this year. In 2024 we published the second iteration of our Transition Plan, which can be found on our Group website: www.justgroupplc.co.uk/sustainability. This outlines our focus for 2024 and 2025. In 2026 we will publish the third iteration of our Transition Plan in 2026 to conclude with reaching our first near term emissions reduction target at the end of 2025.
Market based
Location based
Intensity ratios 7
2024 0.01 0.05
2023 0.02 0.06
2024 0.04 0.20
2023 0.06 0.22
tCO 2 e per £m sales
tCO 2 e per FTE
1 Tonnes of carbon dioxide equivalent (“tCO 2 e”). 2 Scope 3 (purchased goods and services), (fuel and energy related activities) and (upstream transportation and distribution) are not reported at this time. 3 Fugitive emissions (nil) are based on any on-site chiller system refrigerant gas escape. 4 In scope of review by Eshcon Ltd. 5 We have improved our methodology for business travel to align with a predominantly mileage-based methodology. We are unable to retrospectively apply this methodology. 6 Data as of 28 June 2024. See breakdown on page 51. 7 Intensity ratios based on Scope 1 and Scope 2.
Strategy and Governance WHY CLIMATE CHANGE IS IMPORTANT FOR JUST
We are aware of the increasing need to protect our business from the risks and effects of climate change and to reduce the impact we have on the planet to continue achieving our purpose. However, there are still many uncertainties regarding how the impacts of climate change will develop, with future government policy potentially playing a significant role. The potential climate change impacts on Just are interconnected with other sustainability issues. We recognise this is a journey and we plan to continue to work towards limiting the effects of climate change.
Making a positive impact
Leaving a responsible footprint
CREATING a fair world
Powered by FlippingBook