Climate Change Data

Thomas Miller Group

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1,847 tCO2e
Scope 1 Emissions:169 tCO2e
Scope 2 Emissions:264 tCO2e
Scope 3 Emissions:1,213 tCO2e (partial)
Renewable Energy Share:100% in London office (purchased electricity)

ESG Focus Areas

  • Our People
  • Our Company
  • Our Community
  • Our Planet
  • Our Marketplace

Environmental Achievements

  • Implemented a programme of light replacement to install efficient LED lighting in London office
  • Adjusted Building Management System in London office to maximise energy efficiency
  • Reduced plant run time in London office in line with occupancy profile
  • Streamlined waste management processes in London office, including food waste recycling
  • Reduced London office footprint through agile working
  • Introduced new technologies to reduce paper use in London office
  • Purchased 100% green electricity backed by Renewable Energy Guarantees of Origins (REGOs) in London office
  • New Jersey office refurbishment included energy-efficient LED lighting and temperature controls
  • Reduced gross (market-based) emissions by 262 tonnes of CO2e in London office due to green electricity

Social Achievements

  • Updated and published global DEI Policy incorporating DEI Mission Statement
  • Implemented Diversity Data monitoring in UK and Isle of Man (40% response rate)
  • Significant annual improvement (5.2%) in UK gender pay gap (35.9% in 2022)
  • Increased proportion of women in senior roles in UK by 8.7% since 2017 (22.6% in 2022)
  • Updated Management and Leadership Development programmes
  • Ran Aspiring Manager programme (18 employees) and Experienced Manager programme (21 employees)
  • 22 employees undertaking Company-sponsored professional qualifications
  • 3 employees undertaking an Apprenticeship
  • Offered three days of paid volunteer leave to each employee
  • Employee Engagement Survey showed 86% of respondents considered ESG important and 90% would recommend Thomas Miller as a good place to work
  • Launched three weeks of ESG communications on company intranet with articles, videos, webinars and podcasts
  • Hosted employee focus groups on key ESG priorities
  • Global Corporate Charity Partnership with Street Child (£90,500 donated in 2022)
  • Donations to over 60 charities in 2022

Governance Achievements

  • Robust governance structures, policies and practices
  • Strong independent representation on the Thomas Miller Holdings Board
  • Regular reporting on Group risks through risk register, including material ESG risks (climate change and data stewardship)
  • Separate ESG regulatory and legal horizon scanning
  • Remuneration Policy aligned with culture and Corporate Plan priorities
  • Established ESG Committee with representation from across the Group
  • Appointed 13 ESG Ambassadors
  • Complies with the Modern Slavery Act in the UK and applies similar principles globally
  • Strong Anti-Corruption and Bribery policies and practices with annual employee training
  • Comprehensive global Whistleblowing Policy
  • Inclusive culture encouraging employees to report unethical behavior
  • Grievance Policy for employee concerns

Climate Goals & Targets

Short-term Goals:
  • Introduce blind screening of CVs in UK recruitment
  • Start a DEI Employee Resource Group
  • Introduce employees to DEI networks
  • Review social mobility programmes/groups and partner with at least one external organization by end of 2023
  • Introduce recording and reporting of learning and development management information alongside gender
  • Apply to become a UN Global Compact participant in 2023
  • Measure, monitor and report on Thomas Miller Board and Committee compositions
  • Continue to develop the ESG Ambassador role

Environmental Challenges

  • Limited control over environmental operations in some regional and overseas offices
  • Difficulty significantly reducing international business travel
  • Need for more robust data gathering across ESG topics
  • Improving diversity data collection globally
Mitigation Strategies
  • Working to improve environmental aspects of offices within control
  • Introducing ESG principles into travel policies to encourage environmentally conscious travel planning
  • Developing more robust data gathering processes
  • Expanding approach to sourcing candidates for vacant positions, partnering with diversity-focused organizations, analyzing job advertisements, researching job boards focusing on underrepresented groups, implementing barrier-free application processes, and working with diversity-promoting agencies

Supply Chain Management

Responsible Procurement
  • Strengthening procurement and third-party supplier due diligence processes in 2023 to ensure alignment with ESG values

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN SDGs, UN Global Compact (aiming for participation from 2024), GRI (reviewing for potential voluntary adoption), TCFD (reviewing for potential voluntary adoption)

UN Sustainable Development Goals

  • SDG 3 (Good Health and Well-being)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 13 (Climate Action)
  • SDG 14 (Life Below Water)
  • SDG 17 (Partnerships for the Goals)

Alignment with UN SDGs is used to structure stakeholder engagement and communicate performance on key ESG outcomes.

Sustainable Products & Innovation

  • Renewable energy underwriting team at Thomas Miller Specialty Offshore (TMSO)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2278 tCO2e
Scope 1 Emissions:182 tCO2e
Scope 2 Emissions:268 tCO2e
Scope 3 Emissions:2074 tCO2e (partial)

ESG Focus Areas

  • Our People
  • Our Company
  • Our Community
  • Our Planet
  • Our Marketplace

Environmental Achievements

  • Relocated IT data center to a facility powered entirely by certified renewable energy, projecting a 50% decrease in steady-state power consumption.
  • Increased recycling rates in London office to 69.9%, saving 8,670kg CO2e.

Social Achievements

  • Launched DEI Employee Forum.
  • Developed partnerships with two social mobility charities: The Switch and Career Ready.
  • Implemented anonymous CV screening in the UK to minimize unconscious bias in recruitment.
  • Improved UK Gender Pay Gap from 45.3% in 2017 to 35.7% in 2023.
  • Launched a new Corporate Charity Partnership with St Mungo’s, aiming to donate £150,000.

Governance Achievements

  • Became a participant in the United Nations Global Compact.
  • Reviewed and updated Group Health and Safety policies and procedures.
  • Introduced Safecall, an independent and confidential external reporting helpline for employees.
  • Reviewed RNC Terms of Reference to ensure specific reference to DEI.

Climate Goals & Targets

Long-term Goals:
  • Work with larger Thomas Miller Group third-party suppliers to assess ESG alignment.
  • Develop UN Global Compact submission.
  • Work with the Thomas Miller Group travel agency to support more environmentally conscious travel bookings.
Medium-term Goals:
  • Build greater awareness of health and safety across the Group.
  • Build DEI behaviours into the Thomas Miller Behaviours Framework.
  • Extend anonymous CVs in recruitment to overseas locations.
  • Introduce flexible bank holidays.
  • Undertake a review of Family Friendly policies.
Short-term Goals:
  • Finalise methodology for International Gender Pay Gap reporting (2025).
  • Develop recruitment processes to enhance manager training on DEI and interview best practice.
  • Introduce relevant DEI training opportunities.
  • Develop the DEI Employee Forum.
  • Identify and agree on a broader set of structured employment-related management information.

Environmental Challenges

  • Significant business travel necessitates a large carbon footprint.
  • Need to expand DEI data collection and reporting beyond the UK.
  • Developing relevant metrics to measure ESG performance.
Mitigation Strategies
  • Implemented environmental considerations in Global Travel Policy (e.g., choosing sustainable booking options).
  • Planning to launch an online travel booking tool with environmental data.
  • Expanding DEI data collection to other regions.
  • Intention to move towards more data-driven targets in 2025 and beyond.

Supply Chain Management

Responsible Procurement
  • Commitment to establishing long-term, open and fair relationships with suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN SDGs, UN Global Compact

UN Sustainable Development Goals

  • SDG 3
  • SDG 8
  • SDG 13
  • SDG 14
  • SDG 17

Alignment with UN SDGs is reflected in Thomas Miller's ESG strategy and the activities of its managed Mutual Insurance companies.