Climate Change Data

Plus500 Ltd.

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:235.1 tCO2e/year
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:235.1 tCO2e/year
Total Energy Consumption:575,376 kWh/year
Carbon Intensity:0.33 per Group turnover $’m (2021), 0.21 per Group turnover $’m (2020)

ESG Focus Areas

  • customer care and protection
  • organisational culture
  • cyber security
  • systems infrastructure
  • leadership and governance

Environmental Achievements

  • set a target of being carbon negative and net zero for Scope 1 and Scope 2 emissions by 2030 or earlier

Social Achievements

  • donated approximately $80,000 to various community projects and Non-Profit organisations in Israel
  • maintained an Equality, Diversity and Inclusion Policy

Governance Achievements

  • New Independent Non-Executive Directors appointed, including Prof. Jacob A. Frenkel as Chair
  • established an ESG Committee in FY 2020

Climate Goals & Targets

Medium-term Goals:
  • carbon negative and net zero for Scope 1 and Scope 2 emissions by 2030 or earlier

Environmental Challenges

  • managing its environmental impact, which results from the energy usage relating to the maintenance of the Group’s IT infrastructure and the operation of its network of offices around the world
  • regulatory changes could result in the product offering becoming less profitable, restrictions on the product marketing, or a ban on the product offering in one or more of the countries in which the Group operates
Mitigation Strategies
  • regularly looks for opportunities to improve the efficiency and performance of its servers and third party data centres
  • continued to investigate opportunities to manage and operate more services through Google Cloud and other remote platforms
  • on-going monitoring of market and regulatory sentiment, developments and advice from compliance functions on actual and possible changes and taking remedial action
  • maintaining an open and robust dialogue with regulators
  • continuing to make efforts and investment to diversify the Group’s product portfolio and broaden its geographic footprint

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, GRI, TCFD

Certifications: ISO/IEC 27001, ISO 14001, ISO 18001, ISO 9001

Third-party Assurance: Kesselman & Kesselman, a member firm of PricewaterhouseCoopers International Limited

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:336.3 tCO2e/year (2023)
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:336.3 tCO2e/year (2023)
Total Energy Consumption:757,834 kWh/year (2023)
Carbon Intensity:0.46 per Group turnover $m (2023)

ESG Focus Areas

  • Customer care and protection
  • Organisational culture
  • Cyber security
  • Systems infrastructure
  • Leadership and governance

Environmental Achievements

  • No environmental fines or penalties in FY 2023, nor in the prior two fiscal years.
  • Commitment of becoming carbon negative and net zero for Scope 1 and Scope 2 emissions by 2030.
  • Shifting from data centers to the cloud to reduce direct emissions.

Social Achievements

  • No employee fatalities in FY 2023, nor in any of the prior two fiscal years.
  • No incidences of modern slavery or human rights abuses across the Group’s operations.
  • Launched an innovative Trading Academy portal in 2022 and ‘+Insights’, a big-data, analytical tool.

Governance Achievements

  • Preserved Board’s diversification, in line with the UK Corporate Governance Code 2018.
  • No security or data breaches in FY 2023 nor in the previous two fiscal years.
  • Operates a zero-tolerance approach to bribery and corruption.

Climate Goals & Targets

Medium-term Goals:
  • Net zero for Scope 1 and Scope 2 emissions by 2030 or earlier

Environmental Challenges

  • Potential for not meeting Scope 1 and 2 Net Zero and Carbon Negative Targets due to reliance on third parties and pace of renewable energy adoption by landlords.
  • Potential for increased costs due to carbon pricing in the value chain.
  • Maintaining high ethical standards and protecting human rights across its operations and supply chain.
Mitigation Strategies
  • Typically operates with short-term leases, making it feasible to move operations in areas where it is difficult to find renewable energy contracts with landlords.
  • Implementing best practice in energy management in current offices.
  • Engaging with landlords to introduce energy saving measures.
  • Transitioning to renewable energy sources (self-generation, power purchase agreements or Renewable Energy Certificates (RECs)).
  • Monitoring and tracking potential human rights and modern slavery issues, as part of its overall compliance risk management programme.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Flood risk in Haifa, Israel (considered extremely limited and very unlikely)
Transition Risks
  • Potential for increased costs due to carbon pricing in the value chain.
Opportunities
  • Energy savings
  • Renewable energy

Reporting Standards

Frameworks Used: TCFD

Third-party Assurance: Kesselman & Kesselman, PwC Israel