Liontrust Responsible Capitalism Report 2022 - Flipbook - Page 41
Environment and Climate Change
Liontrust now has 156 (excluding the Board) employees spanned over three offices with over
87% of staff based in our Savoy Court (London) office and has relatively low direct environmental
impact. In March 2020, Liontrust vacated the office at 3 Shortlands, London.
Liontrust believes that businesses are responsible for achieving good
environmental practice and operating in a sustainable manner. We
are therefore committed to minimising our environmental impact and
continually improving our environmental performance as an integral
and fundamental part of our business strategy and operating methods.
We are signatories to the Taskforce on Climate Related Financial
Disclosures, our disclosure is available in this report. Liontrust is not
a significant producer of emissions or consumer of water and we
consider our direct climate-related impact to be limited.
Liontrust is committed to understanding and reducing our operational
greenhouse gas (GHG) emissions and this year we have worked with
Carbon Intelligence to calculate our Scope 1 and 2 emissions for the
period ending 31 March 2020. We plan to analyse and understand our
indirect scope 3 emissions and identify where the material emissions are.
We have started to engage with our key suppliers as part of this process.
Greenhouse Gas Emissions performance
The following information summarises our direct environmental
performance over the reporting year ending 31 March 2020. This
statement has been prepared in accordance with our regulatory
obligation to report greenhouse gas (GHG) emissions pursuant to
the Companies (Directors’ Report) and Limited Liability Partnerships
(Energy and Carbon Report) Regulations 2018 which implement the
government’s policy on Streamlined Energy and Carbon Reporting.
During the reporting period, our measured Scope 1 and 2 emissions
(location-based) totalled 2,683 tCO2e. This comprised:
FY2020
Greenhouse Gas Emissions Scope
(tCO2e)
UK
Luxembourg
Total
Scope 1
255
0
255
Scope 2 – location-based
2,428.10
0.7
2,428.90
Scope 2 – market-based
31.6
0
31.6
Total Scope 1 & 2 (locationbased)
2,682.90
0.7
2,683.60
Total Scope 1 & 2 (marketbased)
286.4
0
286.4
Scope 1 & 2 intensity per FTE* –
location-based
17.1
0
17.1
Scope 1 & 2 intensity per FTE* –
market-based
1.8
0
1.8
*The emissions intensity calculation is based on a figure of 156
employees in 2020.
Overall, our emissions intensity for Scope 1 and 2 emissions
(market-based) were 1.8 tCO2e/FTE.
During the year, our electricity consumption totalled 9,504 MWh,
of which 99.9% was consumed in the UK. The split between fuel
and electricity consumption is displayed below.
FY2020
Energy consumption (MWh)
Electricity
UK
Luxembourg
Total
9,500
4
9,504
Our Savoy Court office replaced the lighting on all our floors to
move to LED bulbs with improved energy efficiency. We will look
to assess further opportunities to reduce energy consumption in the
future, but this may be limited due to the age of our office space. In
our Savoy Court and Luxembourg offices, which account for over
98.8% of our overall electricity consumption, we purchase all our
electricity from 100% renewable sources.
Indirect Emissions (Scope 3)
We have identified the air, rail travel and mileage components of
our indirect scope 3 emissions from business travel, which emitted
108.65 tCO2e, as a material source of GHG emissions and
committed to offset this for the period.
FY2020
Greenhouse Gas Emissions Scope 3** (tCO2e)
Total
Air Travel
78.65
Rail Travel
5.33
Car Mileage
24.67
Total Scope 3
108.65
Scope 3 intensity per FTE*
0.69
*The emissions intensity calculation is based on a figure of 156
employees in 2020.
** The emission intensity calculations have been calculated by
Corporate Traveller, our corporate travel partner. Methodology on
the following page.
Methodology – Carbon Intelligence
We quantify and report our GHG emissions according to the World
Resources Institute’s Greenhouse Gas Protocol Corporate Accounting
and Reporting Standard. Consumption data has been collated by our
sustainability consultant, Carbon Intelligence, and has been converted
into CO2 equivalent using the UK Government 2019 Conversion
Factors for Company Reporting and the International Energy Agency
international electricity conversion factors.
This report has been prepared in accordance with the GHG Protocol’s
Liontrust Sustainability Report 2020 - 41