Liontrust Responsible Capitalism Report 2022 - Flipbook - Page 42
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. If these factors
were unavailable, a residual mix emissions factor was then used, and
as a final alternative the location-based grid emissions factor was used.
We consolidate our organisational boundary according to the
operational control approach, which includes all of our offices. 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
42 - Liontrust Sustainability Report 2020
using extrapolation of available data. We have maintained
detailed records of all instances of estimation, which are stored
within our reporting evidence pack.
** 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: number of miles x 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 don’t
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 on our
website. We have an emissions target, which is to reduce our Scope
1 and 2 emissions intensity per member of staff each year.