FINANCIAL STATEMENTS
STRATEGIC REPORT
GOVERNANCE
MAKING A POSITIVE IMPACT Our primary activity within this pillar relates to how we invest our customers' circa £25bn pension savings and the associated scope 3 emissions. We’ve created a detailed section in this report on page 20 to provide more insight into how we are investing responsibly to deliver progress towards achieving our net zero commitments. We have reported on all of the emission sources required under The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018, which includes the Streamlined Energy and Carbon Reporting (“SECR”) requirements. These sources fall within our Annual Report.
PERFORMANCE DIGEST
87 % of our purchased electricity is from renewable sources (REGO 1 certified) 42 % reduction in market based emissions in 2021 12 % LED lighting replacement in our Belfast office reduced our electricity consumption by 12%
20 % reduction in location based emissions in 2021
2,195 Self-declared actions taken by our colleagues to reduce their impact on climate change 56 % of our IT surplus materials went into reuse and 44% was recycled
JUST’S SUSTAINABILITY PILLARS
LEAVING A RESPONSIBLE FOOTPRINT We want to leave a better world for future generations, by reducing the impact we have on the world and its natural resources today. Just’s goal to be net zero by 2025 in our own emissions and the reductions required to meet that target support this ambition. MAKING A POSITIVE IMPACT We invest billions of our customers' savings and the choices we make, guided by our Responsible Investment Framework, will have a significant impact to improve the environment. We don’t just want to make great choices, we also want to help and influence others to make responsible decisions.
GHG EMISSIONS DATA Emissions – tCO 2 e 2
2021 113 267
2020 4
Scope 1 (natural gas and fugitive gas3)
97
R EAD MORE ABOUT OUR WORK IN THIS PILLAR IN OUR INVESTMENT STRATEGY SECTION ON PAGE 20.
Scope 2 (purchased electricity location based)
335
32
Scope 3 (business travel)
86
CREATING A FAIR WORLD We want to contribute to creating a fair world by ensuring we have a culture that gives customers fair value, outstanding service, simple to understand solutions and advice that is accessible to middle Britain. We want to create an environment where our business activities are responsibly governed and our colleagues feel confident to bring their whole selves to work.
Total emissions (location based)
412
518
Market based
Location based
2021
2021
Intensity ratios
2020 4
2020 4
0.07 0.17
0.15 0.40
tCO 2 e per gross tCO 2 e
2 written
0.14
0.24
tCO 2 e
2 per full time employee
0.28
0.48
1 Renewable Energy Guarantees of Origin (“REGO”). 2 Tonnes of carbon dioxide equivalent (“tCO 2 e”). 3 Fugitive emissions are included in reporting for the first time in 2021. Fugitive emissions are based on refrigerant gas escape from onsite chiller systems. 4 Restated – as part of our commitment to continuously improve the quality of carbon data we have altered our methodology for calculating both mileage and taxi carbon.
R EAD MORE ABOUT OUR WORK IN THIS PILLAR IN OUR COLLEAGUES AND CULTURE SECTION ON PAGE 30.
Methodology We have used the GHG Protocol Corporate Accounting and Reporting Standard (revised edition), and 2021 emission factors from the Department for Business, Energy & Industrial Strategy. The boundary of our emissions reporting is Financial Control, comprising our directly owned and leased offices and building emissions and business travel under our control, including gas, fugitive gas, electricity, car mileage, train travel and flights. We use both a financial emissions intensity metric (tonnes of CO 2 e per £m gross premiums written) and an employee intensity metric (tonnes of CO 2 e per employee) to normalise our data and provide useful performance indicators. Alphacello Ltd conduct an annual review of Just Group plc’s data collation and calculation processes and provides verification of their GHG Emissions Statement. At present, carbon offsets do not form part of our carbon mitigation strategy. We are in the process of setting near and long-term targets aligned with science based target 1.5 degrees trajectory.
19
Powered by FlippingBook