LMAX Exchange Group Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:4.9 ktCO2e
Scope 1 Emissions:0.3 tCO2e/employee
Scope 2 Emissions:0.2 tCO2e/employee
Scope 3 Emissions:19 tCO2e/employee
ESG Focus Areas
- Empowering our people
- Community impact
- Environmental sustainability
Environmental Achievements
- Launched global responsible waste and single-use plastic policies
- Partnered with Turing Trust to save over 2 tonnes of electrical waste from landfills
- Completed office refurbishments in London and Singapore with focus on sustainability, achieving SKA Silver Rating (London) and pursuing Green Mark Certification (Singapore).
Social Achievements
- Global alignment of employee benefits
- 100% of employees receive above a living wage
- Launched LMAX Academy for employee training and development
- Launched first Employee Resource Group (ERG) for women
- Implemented equitable hiring practices
- Launched global Volunteering Policy, with 12.8% employee utilization.
- Partnered with Kensington & Chelsea Foundation and The Philippine Reef & Rainforest Conservation Foundation, Inc. for community initiatives.
- Project ACE: Actions for Communities and Environment supported 5 sustainability scholars, conducted underwater mapping, ecotourism operations education, giant clam surveys, marine and wildlife camps, trained community rescuers, and launched a sea patrol boat.
Governance Achievements
- Established independent functions for corporate sustainability, diversity, equity and inclusion initiatives
- Group-wide ESG Steering Committee established for oversight and accountability
- Annual Internal Capital Adequacy & Risk Assessment Process (ICARA) for LMAX Exchange, LMAX Broker Ltd and LMAX Broker Europe Limited
- Annual Financial and Non-Financial Resources Assessment (FNRA) for LMAX Digital
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions (target year not specified)
Medium-term Goals:
- Reduce GHG emissions annually across the supply chain and reach reduction rates compatible with 1.5 degrees C of total warming over the next 10 years
Short-term Goals:
- Extend ISO 14001:2015 certification to all offices by 2025
- Remove single-use plastic from all key categories of spend in our supply chain by 2025
Environmental Challenges
- Low percentage of female employees (28%) and even lower percentage in managerial positions (7%)
- Industry benchmark exceeding in carbon emissions (19 tCO2e/employee vs 14 tCO2e/employee)
- Need to increase employee engagement with volunteering opportunities.
Mitigation Strategies
- Focusing on fair compensation, career progression, job grading, and inclusion training to address gender inequality.
- Developing a strategy to reduce GHG emissions annually across the supply chain and reach reduction rates compatible with 1.5 degrees C of total warming over the next 10 years.
- Reviewing business travel strategy, digital emissions, purchasing policies, and implementing energy efficiency programs.
Supply Chain Management
Responsible Procurement
- Responsible waste policy
- Single-use plastic policy
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Greenhouse Gas (GHG) Protocol, UN Sustainable Development Goals
Certifications: ISO 14001:2015 (London and Singapore offices)