GOVERNANCE
FINANCIAL STATEMENTS
strategic report
LEAVING A RESPONSIBLE FOOTPRINT We have reduced the carbon footprint of our operations by 78% since 2019 (market based) and the remaining carbon is from business travel, small electricity emission and gas from our office in Reigate. During the year we set carbon budgets to monitor travel and are looking at ways to reduce the remaining carbon to net zero.
91 % OF OUR PURCHASED ELECTRICITY IS FROM RENEWABLE SOURCES (REGO 2 CERTIFIED)
13 % REDUCTION IN MARKET BASED BUILDINGS EMISSIONS IN 2022 8,108 SELF-DECLARED ACTIONS TAKEN BY OUR COLLEAGUES TO REDUCE THEIR IMPACT ON CLIMATE CHANGE
• We have joined Net Zero Asset Owners Alliance. • Committed to Science Based Targets Initiative. • And our recent London office move was gold SKA rated1.
561 NEW HABITS FORMED BY EMPLOYEES TO REDUCE THEIR FOOTPRINT
1 The SKA rating is a Royal Institute of Chartered Surveyors (“RICS”) environmental assessment method, benchmark and standard for non-domestic fit outs. 2 Renewable Energy Guarantees of Origin (“REGO”).
GHG EMISSIONS DATA
MAKING A POSITIVE IMPACT We understand we have a long way to go in investing more assets that support a positive impact, like others we are on a journey to fulfil this goal. • We became a member of Carbon Disclosure Project (“CDP”) to further engage with our supply chain on their sustainability journey. • We are partnering with our asset managers to deliver positive outcomes. £ 575 m ELIGIBLE GREEN AND SOCIAL COMMITMENT MET
2022 111 205 138 454
Emissions – tCO 2 e 1
2021
Scope 1 (natural gas and fugitive gas) 2
113 267
Scope 2 (purchased electricity location based)
Scope 3 (business travel)
32
Total emissions (location based) 3
412
£ 750 m TARGET TO INVEST BY 2025 Invested in green and social assets
Market based
Location based
2022 0.08 0.22
2022 0.13 0.38
Intensity ratios
2021
2021
tCO 2 e per gross tCO 2 e
2 written
0.07 0.17
0.15 0.40
tCO 2 e
2 per full time employee
1 Tonnes of carbon dioxide equivalent (“tCO 2 e”). 2 Fugitive emissions are based on refrigerant gas escape from on-site chiller systems. 3 Increase in business travel post COVID-19 reflected in overall locations based increase.
Green T2 and sustainability RT1 bond fully allocated during 2022
CREATING A FAIR WORLD Creating a fair world is directly influenced by the way we carry out our business and also the way we treat each other, namely colleagues, customers, suppliers, or members of society at large. Just has become: • a signatory to the Asset Owner Diversity Charter and joined the charters working group. • a member of Progress Together. • a member of GAIN insurance, Autism, Insurance, Investment and Neurodiversity.
30 % OF SENIOR LEADERSHIP ARE WOMEN, TARGET OF 33% BY DECEMBER 2023 £ 55 k DONATED TO CHARITY BY THE BUSINESS AND OUR COLLEAGUES IN 2022
44 % OF OUR BOARD ARE WOMEN
18 % OF SENIOR LEADERSHIP ARE FROM A BLACK, ASIAN OR MINORITY ETHNIC BACKGROUND, TARGET ALIGNED WITH 2021 UK CENSUS DATA
858 NUMBER OF HOURS OF VOLUNTEERING RECORDED IN 2022
SUSTAINALYTICS’ 2023 TOP-RATED ESG PERFORMER
Methodology We have used the GHG Protocol Corporate Accounting and Reporting Standard (revised edition), and 2022 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. Eshcon 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.
33
Powered by FlippingBook