Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Supply of rare books, works on paper, prints and stamps and other items.
• Reliance on key international trade fairs.
• Competition.
• Co-owned rare and collectible goods.
• Stock valuation and liquidity.
• Theft, loss or damage.
• Authenticity and export authority.
• Lack of authenticity is not covered by the Group’s insurance.
• Premises.
• Terms of sale.
• Employees.
• Currency risk.
• Pandemics and government imposed trading restrictions.

Mitigation Strategies

• The Group has revised its standard terms of sale to seek to ensure that, henceforth, the arrangements with clients, customers, dealers and others will include terms dealing with each of the aforementioned areas.
• The Group carries a specialist insurance policy under the Antiquarian Booksellers Association Insurance Scheme which covers each of the businesses.
• The Group has other avenues to market available to it, including the internet, telephone and post, but it may be difficult for the Group to trade profitably while such a pandemic is present.
• Further attention will be required in order to improve its return on capital employed, particularly stock turnover. The Board has implemented several online initiatives to manage this.
• The Board continues to review the opportunity for further cost savings to improve the Group’s profitability and create improved shareholder value.
• During the year ending 31 March 2023 the Board will assess opportunities for future property, enhanced selling channels and improving the sales of slow-moving and aged stock.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Efficiency
• Waste Reduction
• Recycling

Environmental Achievements

• Reduced electricity consumption from 60,000 kwh to 61,620 kwh, resulting in a decrease in CO2e emissions from 17 tonnes to 18 tonnes. Note: This appears to be a slight increase, not a reduction.

Social Achievements

• Not disclosed

Governance Achievements

• Adopted the Quoted Companies Alliance (QCA) Corporate Governance Code.

Climate Goals & Targets

Environmental Challenges

• Supply of rare books, works on paper, and prints is limited and unpredictable.
• Reliance on international trade fairs for a significant portion of sales.
• Competition from other dealers and auctioneers.
• Risks associated with co-owned goods.
• Stock valuation and liquidity challenges.
• Risks of theft, loss, or damage to stock.
• Authenticity concerns and export restrictions.
• Inadequate insurance coverage.
• Dependence on key employees.
• Currency risk.
• Potential impact of pandemics and government restrictions.

Mitigation Strategies

• Diversification of sales channels (retail premises, online, international fairs).
• Forensic focus on costs, particularly around fairs and marketing.
• Revised standard terms of sale to address contractual risks.
• Specialist insurance policy.
• Regular review of stock valuation and liquidity.
• Due diligence on authenticity of assets.
• Ongoing assessment of risks and implementation of mitigation strategies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Energy Efficiency
• Climate Change

Environmental Achievements

• Practiced energy efficiency throughout the organization, wherever cost-effective. Reused and recycled waste generated within the offices, including wrapping and protective material used in transportation.

Social Achievements

• Not disclosed

Governance Achievements

• Adopted the Quoted Companies Alliance (QCA) Corporate Governance Code.

Climate Goals & Targets

Environmental Challenges

• Continuing supply of rare books, works on paper and prints.
• Reliance on key international trade fairs.
• Competition.
• Co-owned goods.
• Stock valuation and liquidity.
• Theft, loss or damage.
• Authenticity and export authority.
• Insurance.
• Premises.
• Terms of sale.
• Employees.
• Currency risk.

Mitigation Strategies

• Active approach to maximizing the benefit from fewer but more productive fairs.
• Revised standard terms of sale.
• Specialist insurance policy under the Antiquarian Booksellers Association Insurance Scheme.
• Strategic review undertaken by the Board with greater focus on expanding the business in new specialty areas with recently hired experts, more proactive securing of book and art collections and a more forensic focus on costs.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed