Climate Change Data

Quilter Investment Platform Limited and Quilter Life & Pensions Limited

Climate Impact & Sustainability Data (2020, 2023, 2024)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:0.63 tCO2e per full-time colleague/contractor
Carbon Intensity:0.63 tCO2e per full-time colleague/contractor

ESG Focus Areas

  • Financial wellbeing
  • Inclusive growth
  • Responsible investment
  • Responsible business conduct
  • Climate change

Environmental Achievements

  • Reduced CO2e per full-time colleague/contractor from 0.92 tCO2e in 2019 to 0.63 tCO2e in 2020

Social Achievements

  • Supported 7,811 young people through the Quilter Foundation in 2020
  • 35% women in senior management in 2020
  • Rolled out "There for you" program to over 23,000 advisors

Governance Achievements

  • Board oversees responsible business through the Board Corporate Governance and Nominations Committee
  • CEO has overall accountability for responsible business
  • 'A' rating for Strategy & Governance

Climate Goals & Targets

Environmental Challenges

  • Pandemic headwinds for UK Wealth
  • Wealth taxes
  • Pension allowance changes
  • Lower asset returns
Mitigation Strategies
  • Accelerated delivery of IT and remote telephony solutions
  • Balance sheet strength
  • Buybacks of c.£175m
  • Active colleague engagement strategy –“Thrive” wellbeing programme

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN PRI

Sustainable Products & Innovation

  • Climate Assets Fund and Quilter Ethical Fund

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:22,769 tCO2e (Global) in 2023
Scope 1 Emissions:307 tCO2e (Global) in 2023
Scope 2 Emissions:778 tCO2e (Global) in 2023
Scope 3 Emissions:21,684 tCO2e (Global, excluding investments) in 2023
Total Energy Consumption:6,352,309 kWh (Global) in 2023
Waste Generated:4 tons (Global) in 2023
Carbon Intensity:7.71 tCO2e per FTE (Global) in 2023

ESG Focus Areas

  • Climate Change
  • Responsible Investment
  • Corporate Sustainability

Environmental Achievements

  • Reduced Scope 1 and 2 emissions by 60.1% from a 2020 baseline.

Social Achievements

  • Launched second Quilter sustainability survey to analyze colleague habits and gather feedback on sustainable practices.
  • Introduced responsible investment preferences within advice and discretionary investment management businesses.

Governance Achievements

  • Developed a TCFD steering committee and working group.
  • Integrated climate-related risks into the Risk Management Framework.
  • Strengthened focus on Responsible Investment and Corporate Sustainability at the Board level.

Climate Goals & Targets

Short-term Goals:
  • Reduce Scope 1 and 2 greenhouse gas emissions by 80% by 2030 from a 2020 baseline.

Environmental Challenges

  • Data limitations in accurately calculating Scope 3 emissions, particularly for investments held in third-party funds and alternative asset classes.
  • Challenges in engaging suppliers to reduce their environmental impact and align with SBTi.
Mitigation Strategies
  • Enhancing data and systems to improve the quality of Scope 3 emissions data for investments.
  • Developing Climate Action Plans for investments in 2024.
  • Engaging with suppliers on a quarterly basis to monitor their alignment with SBTi and influence sustainable development through capital allocation.
  • Providing in-house training for Procurement Function colleagues on sustainability.

Supply Chain Management

Responsible Procurement
  • Incorporating sustainability criteria into the procurement process.
  • Engaging with key suppliers to understand their sustainability journeys.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather impacting buildings, infrastructure, and supply chain.
Transition Risks
  • Government failure to meet decarbonization targets.
  • Insufficient resources for building maintenance.
  • Lack of robust climate transition plans from invested assets.
  • Greenwashing.
Opportunities
  • Developing products and strategies to meet customer climate-related requirements.
  • Investing in assets supporting the transition.
  • Allocating expenditure to suppliers with more sustainable credentials.
  • Improving energy efficiency and using renewable energy.

Reporting Standards

Frameworks Used: TCFD

Sustainable Products & Innovation

  • WealthSelect Responsible and Sustainable Portfolios
  • Climate Assets Funds
  • Quilter Investors Timber Equity Fund
  • Quilter Investors Ethical Equity Fund

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:5.08 metric tons (for £100,000 investment in equities and corporate bonds)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • The portfolio maintains a smaller carbon footprint than the reference index (MSCI ACWI), 4% smaller.

Social Achievements

  • The portfolio seeks to support sustainable solutions to environmental and social challenges, aligning with the UN SDGs.

Governance Achievements

  • The portfolio minimizes exposure to unsustainable activities such as controversial weapons, tobacco, and companies with high revenue from thermal coal, unconventional oil and gas, etc.

Climate Goals & Targets

Environmental Challenges

  • Limited data availability for measuring ESG attributes across the entire portfolio (only equities and corporate bonds are fully measured).
Mitigation Strategies
  • Scaling available data for equities and corporate bonds to represent the rest of the portfolio.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (UN SDGs)