Liontrust Responsible Capitalism Report 2024 - Flipbook - Page 139
Both location-based and market-based totals were calculated for
Scope 2 emissions. The Scope 2 emissions were calculated using the
BEIS 2023, EEA 2022 and AIB 2023 emissions factors, following
the emissions factor hierarchy according to the GHG Protocol’s Scope
2 Guidance. Location-based emissions reflect the local grid fuel-mix
averages for electricity and were calculated using BEIS 2023 and
EEA 2022 emission factors. The market-based calculation reflects
the fuel-mix of the energy tariff purchased by Liontrust for each office
where renewable electricity is purchased or the residual grid mix of
the country in which the office is located. Please see further detail on
Scope 2 and the energy tariffs in section ‘Offices in Scope and Energy
Tariffs in Place’ below. Data is collected from invoices, meter readings
and other documentation provided by our leased offices landlords.
night booked in each country. . Note that the calculations are based
on average data only and don’t take the type of plane/car or model
and engine type into account. Business travel data is sourced from
our corporate travel agents and internal expenses systems.
The Scope 3 purchased goods and services, capital goods, and
upstream transportation and distribution emissions were calculated
by applying the UK government’s conversion factors by SIC code
to the total spend by supplier and procurement category. Water
supply is accounted for within purchased goods and services and
is calculated using BEIS emission factors, except for data for the
Luxembourg office, which uses the UK Government’s conversion
factors by SIC code.
The Scope 3 fuel and energy-related emissions for electricity were
calculated by applying the BEIS 2023 UK emission factor for transmission
and distribution (T&D) for electricity consumption at UK sites and a
Luxembourg T&D emission factor consistent with Luxembourg’s average
T&D loss rates for electricity consumption at the Luxembourg office. The
T&D emission factor for Luxembourg was estimated by applying the
World Bank’s Luxembourg loss rate to the EEA’s Luxembourg production
mix emission factor. WTT generation and T&D emissions were calculated
for UK sites using the BEIS 2023 emission factors and for Luxembourg
sites using IEA 2023 emission factors.
The Scope 3 employee commuting emissions from commuting were
calculated by applying BEIS 2023 emission factors to the national
average commuting habits, considering the working pattern of
the workforce in the UK. For the Luxembourg employees, this was
estimated by applying the BEIS 2023 emission factors to the average
commuting distance, considering workforce working patterns. Scope
3 employee commuting emissions for homeworking were estimated
by applying the BEIS 2023 emission factors for homeworking for UK
workers and for heating required by Luxembourg workers, and EEA
emission factors for electricity consumption for Luxembourg workers,
considering workforce working patterns.
The scope 3 fuel and energy-related emissions for stationary
combustion were calculated using the BEIS 2023 emission factors.
The Scope 3 waste emissions were calculated by applying BEIS
2023 emission factors to the quantity of each waste stream
generated at each site. Where waste data was unavailable in
certain months for certain offices, estimates were made using
averages of available data.
The Scope 3 business travel emissions were calculated using BEIS
2022 emissions factors. For air travel, emission factors were assigned
to each journey’s start and end destination, flight haul and flight class.
All rail journeys were within the UK so classed as either National Rail
or Underground depending on the route. Road journeys covers by
car rentals and employee mileage claims. Distance was estimated
for car rental journeys from using average distance per trip sourced
from the UK Government 2023 National Transport Survey. Emissions
from hotel stays were calculated based on the number of rooms per
Additional business travel data was provided as spend data. Air
and rail travel was extracted from this dataset and emissions for
this spend were calculated by creating an average spend-based
emissions factor for Liontrust’s air and rail travel based on the cost
of air and rail travel for which journey type and distance was
available. Other uncategorised business travel expenses were
assigned a spend based emissions factor from the UK Government’s
conversion factors by SIC code.
Emissions intensity calculation
For the calculation of Scope 1 and 2 intensity per FTE location
based and market-based, the headcount number used is determined
as the number of FTE employees/partners in employment as at the
31st December 2023. Liontrust define Full Time Equivalent (FTE)
as including part time workers on a pro-rata basis; excluding third
party contractors; including fixed term contractors; and excluding
those on maternity leave.
Scoping
Scope 1
Oil-based heating is the only reportable Scope 1 emission for the
calendar year. This applies solely to 18 Val Ste Croix, L-1370
Luxembourg.
Liontrust considers company vehicles in its Scope 1 emissions
calculations, within the Group’s operational control. There were no
company vehicles during the year.
As all properties are classed as leased assets, the majority of air-con
refrigerant losses do not currently fall within our remit for reporting
of Scope 1 emissions as they do not fall within our operational
control. However, we are responsible for a small number of units
under our agreed maintenance contracts which include comms
rooms and executive offices. We have 1 unit in Old Bailey and 4
Responsible Capitalism Report 2023 - 139