Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Governance

Environmental Achievements

• Locating offices in energy-efficient buildings and/or implementing energy-saving systems
• Outsourcing data centers to environmentally conscious service providers
• Optimizing the life cycle of IT equipment and setting up a waste management infrastructure
• Reducing business travel
• Establishing reusable alternatives to single-use items
• Reduced coal exposure to zero by closing its coal desk in Dubai

Social Achievements

• Organic growth strategy creating jobs in many countries
• Offering training programs and facilitating employee mobility
• Creating a secure working environment and hiring a diverse range of people
• Ensuring equal pay and benefits for equal work
• Promoting a culture of corporate respect for human rights

Governance Achievements

• Compliance with all regulations and legislation
• Applying best governance practices and policies
• Implementing a robust anti-corruption system
• Establishing a whistleblowing system

Climate Goals & Targets

Environmental Challenges

• Climate change induced by human behavior
• Reducing carbon emissions
• Developing energy-saving activities
• High-profile failures in the crypto and digital asset marketplace
• Cybercrime
• Litigation

Mitigation Strategies

• Implementing energy-saving systems in offices and data centers
• Outsourcing data centers to environmentally conscious providers
• Optimizing IT equipment life cycle and waste management
• Reducing business travel
• Using reusable alternatives to single-use items
• Strengthening cybersecurity measures
• Establishing robust internal controls and compliance procedures
• Booking provisions for potential litigation outcomes

Supply Chain Management

Responsible Procurement

• Selection and engagement procedures focusing on due diligence policies and transparency in human rights compliance

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: KPMG SA

Environmental Metrics

ESG Focus Areas

• Governance
• Social
• Environment

Environmental Achievements

• Reduced CO2 emissions to 6,680 tonnes (2.7 tonnes per employee)
• Closed last remaining coal desk
• Investing in services that accelerate the decarbonisation of the economy through Tradition Green and Tradition Energy

Social Achievements

• Staff turnover rate fell for the second consecutive year in 2023
• Promoting equality and diversity by fostering a culture based on cohesion and integration
• Investing heavily in training and developing the skills of its employees

Governance Achievements

• Implemented a Group GSE policy adopted by the Audit Committee in 2023
• Implemented a risk-based approach to assess and manage the Group’s GSE risks and opportunities
• Organised training sessions for all members of CFT’s Board of Directors, Audit Committees (at the Group and regional levels) and Remuneration Committee on key sustainability concepts, current and forthcoming regulations, and the climate: impacts, risks, opportunities and transition

Climate Goals & Targets

Environmental Challenges

• Climate change impacts
• Regulatory changes
• High staff turnover in a competitive industry
• Cybersecurity threats
• Data privacy regulations
• Maintaining high standards of ethics and integrity in a highly regulated environment

Mitigation Strategies

• Implementing energy-saving systems, selecting energy-efficient IT equipment, using diversified energy sources, maintaining sustainable data centres, optimising the life cycle of IT equipment, reducing business travel, establishing reusable alternatives to single-use items
• Offering training programs and helping employees move between roles and countries
• Creating a secure working environment, hiring a diverse range of people, giving autonomy to employees, offering competitive pay
• Implementing IT security and incident management policies, briefing staff regularly about cybersecurity risks, organising training sessions, checking new initiatives meet local security requirements
• Complying strictly with all regulations and legislation, applying best governance practices and policies
• Establishing a robust internal control system, implementing a whistleblowing system, engaging with regulators, fostering good local relations

Supply Chain Management

Responsible Procurement

• Selection and engagement procedures that focus on the relevance and robustness of their due diligence policies and their transparency in respect of human rights compliance

Climate-Related Risks & Opportunities

Physical Risks

• Premises or suppliers jeopardised by extreme events

Transition Risks

• Changes in the cost of carbon-producing raw materials

Opportunities

• Raising employee awareness of climate issues
• Reducing exposure to changes in the cost of carbon-producing raw materials
• Contribution to reducing GHGs

Reporting Standards

Frameworks Used: SASB

Sustainable Products & Innovation

• Services offered by Tradition Green and Tradition Energy