Climate Change Data

Environmental Metrics

ESG Focus Areas

• Responsible Investing

Environmental Achievements

• Reduced Scope 1 & 2 emissions by 56%, Scope 3 emissions by 87%

Social Achievements

• Continued support for national and local charities, total charitable donations of £0.2m
• Employee engagement score well above national average

Governance Achievements

• Substantial renewal and expansion of the Board
• Adoption of the QCA Corporate Governance Code

Climate Goals & Targets

Environmental Challenges

• Failure to meet future ESG reporting requirements
• ESG products offered do not meet target market
• Climate change – Physical impacts (extreme weather events)
• Climate change – Transition impacts (adjusting to a low-carbon economy)
• Changing markets and increased competition
• Regulatory risk
• Damage to the Group’s reputation
• Errors, breakdown or security breaches in IT systems
• Business continuity and operational resilience
• Fraud risk
• Key personnel risk
• Litigation or claims made against the Group
• Reliance on third parties or outsourcing risk
• SIPP administration for non-advised clients
• Conduct risk
• Conduct risk (acquisitions)
• Information security (or cyber) risk
• Counterparty default
• Bank default
• Concentration risk
• Brexit
• Covid-19

Mitigation Strategies

• Internal action plan to deliver short, medium, and longer-term ESG initiatives. Introduce a more ESG focused investment product.
• Resilient buildings, DR/BCP, flexible working options
• DR/BCP, initiatives such as the launch of Responsible Equity Fund, paperless offices, electric fleet
• Strong client relationships, market consolidation, scalable platform, experienced management team, loyal customer base, investment in technology and infrastructure, agile operating model
• Strong compliance culture, external professional advisors, business model aligned with FCA principles, financial strength
• Strong compliance culture, internal controls, well-trained staff
• Data security reviews, penetration testing, phishing exercises, experienced IT team, audit of secure remote working
• Business Continuity Plan, Disaster Recovery Plan, business interruption insurance, remote working capability
• Strong corporate controls, dual signatures, executive committee approval, client view-only access, staff training
• Succession planning, share-based schemes, recruitment programmes
• Professional Indemnity insurance, internal review procedures, multiple charging models, restricted consultant status
• Due diligence, service level agreements, ongoing review of relationships
• Duty of care, evidence of client suitability, checking third-party adviser credentials
• Experienced management team, thorough market understanding, regular client meetings
• Due diligence, run-off PI insurance, indemnities from sellers, active dialogue with FCA
• External security provider, user access controls, data privacy training, firewalls, patches, compliance with Data Protection Act
• Trading only with creditworthy third parties, credit verification procedures, ongoing review of receivables
• Using banks with strong credit ratings, spreading client deposits, regular review of treasury policy
• Broad client base, diversified revenue streams
• Monitoring potential impact on business and clients with legal advisors
• Implementing new systems and controls to mitigate risks

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Checks for anti-money laundering, compliance with laws and regulations such as the Modern Slavery Act 2015

Climate-Related Risks & Opportunities

Physical Risks

• Extreme climate-change related events

Transition Risks

• Climate policy changes, innovations in technology, shifts in consumer preferences

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol

Certifications: null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Responsible Equity Fund

Awards & Recognition

• Morningstar Five Star rating for Adventurous Fund, Boutique Manager of the Year and Investment Company of the Year at Investment Week’s Specialist Investment Awards

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance

Environmental Achievements

• Reduced Scope 1 and 2 emissions by 13% compared to 2023

Social Achievements

• Introduced a talent management process to facilitate the growth of robust development programmes for our teams.
• Commitment to promoting equality of opportunity for all employees and job applicants.
• 86% of company car fleet is hybrid or electric vehicles.

Governance Achievements

• Established a Board-level ESG committee in 2022.
• Hired a full-time ESG Partner in 2022.
• Published first TCFD report in 2024.
• Complying with the Environment Agency’s Energy Savings Opportunities Scheme (ESOS) disclosure.

Climate Goals & Targets

Environmental Challenges

• Data unavailability or limitations for some climate-related metrics.
• 6% increase in Scope 3 emissions related to business travel compared to the previous reporting period.
• Managing climate-related risks in investment portfolios where Mattioli Woods invests in funds and entrusts the underlying manager to focus on managing climate-related risks.

Mitigation Strategies

• Continuous review of office space efficiency and the use of energy efficiency providers.
• Reduction in travel through surveys, workstreams with consultants, education and awareness, and promoting hybrid vehicles through Tusker benefits.
• Reduction in energy usage by investigating energy suppliers, considering carbon offsetting, and implementing smart meters.
• Assessing the manager’s process on managing climate risk as part of the overall due diligence process for investments in funds.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Using recycled plastics in marketing materials.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Expanding investible universe of renewable energy companies.

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed