Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Largely eliminated emissions from Board meetings by holding all such meetings over telepresence equipment or coordinating with other essential meetings.
• Seeking to move to a paperless environment so far as practicable.
• Largely eliminating the environmental impact of employee commuting and travel by sub-letting the office and moving fully to flexible working arrangements whilst investing in telecommuting and telepresence equipment.

Social Achievements

• Ensures that employment practices take into account the necessary diversity requirements and compliance with all employment laws.

Governance Achievements

• Adopted an anti-corruption and anti-bribery policy.
• Established a Remuneration Committee, Audit Committee, and Nomination Committee (though not fully compliant with the UK Corporate Governance Code in terms of membership).

Climate Goals & Targets

Environmental Challenges

• Developing business model with expenses exceeding revenues.
• Significant competition for advisory opportunities.
• Loss of key personnel.
• Foreign exchange risks.
• Changes in regulation affecting services and the SLS Asset class.
• Inability to raise emergency funding.

Mitigation Strategies

• Acquisition of AILAC provided cash resources to repay loans and improve profitability.
• Recruitment of a new marketing executive to grow AUM.
• Acquisition of AILAC and Havelet to enhance competitiveness and diversify revenue streams.
• Continuity program to minimize disruption from loss of key personnel.
• Share options incentivize key staff retention.
• Monitoring legislative and regulatory changes and altering business practices.
• Careful monitoring of cash requirements and exploring options for additional funding.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Seeking to increase the development and awareness of socially and environmentally responsible procurement, and to align with businesses that not only deliver superior quality goods and services, but also operate in ways that are respectful of the rights of their employees and in ways that preserve natural resources and promote environmental sustainability.

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

Governance Achievements

• Enhanced disclosures in the accounts following correspondence with the Financial Reporting Council.
• Disaggregated assets and liabilities of insurance subsidiaries for clearer shareholder understanding.
• Company repaid its borrowings and is now debt-free.

Climate Goals & Targets

Environmental Challenges

• Auditors disclaimed opinion due to challenges in implementing IFRS 17 for a limited number of contracts.
• Share price performance impacted by current market conditions.
• Certain anticipated acquisition opportunities did not materialize due to rising interest rates and political tensions in Europe.

Mitigation Strategies

• Directors elected to follow the previously adopted accounting policy and explain the departure from IFRS.
• Started the process of sounding out potential new auditors with IFRS expertise.
• Working on ensuring full IFRS compliance in 2024.
• Maintaining a lean operating structure.
• Adding to Alpha’s core management team in fund and life insurance marketing.
• Ongoing assessment of buy opportunities within fund and life insurance segments.

Supply Chain Management

Climate-Related Risks & Opportunities