EXAMPLE PAGE - ANNUAL REPORT - LIONTRUST - Flipbook - Sida 32
Methodology Scope 1 & 2
We quantify and report our GHG emissions according to the
World Resources Institute’s Greenhouse Gas Protocol Corporate
Accounting and Reporting Standard. Consumption data have
been collated and converted into CO2 equivalent using the UK
Government 2019 Conversion Factors for Company Reporting and
the International Energy Agency international electricity conversion
factors.
Scope 2 Guidance: we have therefore reported both a locationbased and market-based Scope 2 emissions figure. The Scope 2
market-based figure reflects emissions from electricity purchasing
decisions that Liontrust Asset Management PLC has made.
When quantifying emissions using the market-based approach, we
have used a supplier specific emissions factor where possible.
The GHG sources that constituted our operational boundary for the
year are:
• Scope 1: Fugitive emissions from refrigerants in air-conditioning
equipment
• Scope 2: Purchased electricity consumption for our own use
In some cases, where data are missing, values have been estimated
using extrapolation of available data.
Methodology Corporate Traveller
The Scope 3 business travel CO2 analysis is aligned with DEFRA
calculations. The tonne of CO2 produced by air and rail travel is
based on the DEFRA measurements for an average traveller. The
calculation is: the number of miles times of the relevant DEFRA
CO2 factor for an average passenger, depending on the flight
type (domestic, European, international to/from UK or international
outside UK). Note that the calculations are based on average data
only as we do not take the type of plane/car or model and engine
type into account.
Liontrust has put in place an environmental policy that details the
key points of our strategy on the environment, and this is available
from the Governance policies table within the Investor Relations
section of our website. We have an emissions target, which is to
reduce our Scope 1 and 2 emissions intensity per member of staff
each year and to be operationally carbon neutral after offset.
We will continue to work on improving our data and reducing our
emissions.
Carbon Offsetting
Due to the impact of the Covid-19 pandemic, which has drastically
reduced our overall calculated emissions, we believe it is fair to
match our 2020 carbon offset purchases of 364 tonnes this year.
In 2021, Liontrust will purchase 364 tonnes of carbon offsets
credits against our business travel and scope 1 & 2 market-based
emissions incurred during that financial year, which equated to
37.27 tonnes. We hope that this additional offset will go towards
offsetting some of the additional energy used by our staff at home
during lockdown.
32 - Liontrust Sustainability Report 2021
Liontrust has reduced direct emissions by purchasing green electricity
and, after accounting for this, offset all remaining direct emissions
from our operations (scope 1 and scope 2 emissions). This means
Liontrust is operationally carbon neutral and has committed to
remain operationally carbon neutral.
Liontrust used the Greenhouse Gas Protocol’s guidance to identify
the most material indirect scope 3 categories that impact our
business throughout our value chain. Liontrust believes the three
categories below have the most impact. Monitoring these emissions
will enable us to develop more effective GHG reduction strategies,
and we endeavour to evolve this process and be more transparent
in our reporting in the future.
Category 1 – Purchased goods and services
We are engaging with our key services providers in our supply
chain on their scope 1 and 2 emissions that relate to our business,
and to encourage them to decarbonise.
Category 6 – Business travel
Liontrust is committed to offsetting our air and rail business travel.
Given the current pandemic, there was a minimal amount of business
travel undertaken during this financial year. Liontrust recognises that
you can successfully conduct business without incurring unnecessary
travel and are currently reviewing our business travel policy.
Category 15 – Investments
As an asset management business, the indirect emissions from our
investments have the greatest potential impact on the environment
and account for the majority of our indirect emissions.
Liontrust will purchase 364 tonnes of carbon offsets credits against
our business travel and scope 1 emissions incurred during the
year, supporting the following two projects via the Gold Standard
carbon offsetting programs.
• Clean Water Access for Families in Laos: TerraClear is breaking
down the barriers that make clean water access a challenge for
rural communities. Creative strategies and community focused
education and promotion are allowing TerraClear to change
lives a few litres at a time. TerraClear is providing access to safe
drinking water through the manufacture and distribution of more
than 33,000 ceramic filters reaching an estimated 150,000
people in over 500 villages in Laos.
• Solar Cooking for Refugee Families in Chad: Tens of thousands
of refugees from Darfur are offered the chance to vastly improve
their life by using the CooKit solar cookers. Having to venture
outside of the camp to collect scarce firewood, the risk of being
attacked or raped has been an everyday fear for women in the
refugee camps in Eastern Chad, close to the Sudanese border.
We are providing them with the necessary material, knowledge
and training to manufacture their own solar cooker and to
prepare their meals using energy from the sun.