Climate Change Data

IG Group Holdings plc

Climate Impact & Sustainability Data (2020-06 to 2021-05, 2022-06 to 2023-05, 2024)

Reporting Period: 2020-06 to 2021-05

Environmental Metrics

Total Carbon Emissions:22163.73
Scope 1 Emissions:605.54
Scope 2 Emissions:2320.83
Scope 3 Emissions:19237.36

ESG Focus Areas

  • Carbon Neutrality

Environmental Achievements

  • Achieved carbon neutrality for the period 1st June 2020 to 31st May 2021 in accordance with PAS2060.

Climate Goals & Targets

Long-term Goals:
  • Pathway to Net Zero
Short-term Goals:
  • 2.5% emissions reduction relative to baseline (FY19) in the commitment period (2021-06 to 2022-05).

Environmental Challenges

  • Increased absolute emissions due to more employees and inclusion of homeworking emissions.
Mitigation Strategies
  • Ongoing initiatives and investments in energy efficiency; employee engagement in resource reduction; improvements to data center PUE; development of existing solutions; engagement with suppliers to reduce emissions.

Supply Chain Management

Responsible Procurement
  • Engagement with suppliers to increase data quality and reduce emissions.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: PAS 2060, Greenhouse Gas (GHG) Protocol

Reporting Period: 2022-06 to 2023-05

Environmental Metrics

Total Carbon Emissions:25186.20 tCO2e/year
Scope 1 Emissions:722.90 tCO2e/year
Scope 2 Emissions:401.10 tCO2e/year
Scope 3 Emissions:24062.10 tCO2e/year
Total Energy Consumption:10206432 kWh/year (Scope 1 & 2)

ESG Focus Areas

  • Carbon Neutrality

Environmental Achievements

  • Achieved carbon neutrality for the period 1st June 2022 to 31st May 2023 in accordance with PAS2060.

Climate Goals & Targets

Short-term Goals:
  • Reduce emissions by 2.5% relative to baseline.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: PAS 2060

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:37,155.7 tCO2e/year
Scope 1 Emissions:179.8 tCO2e/year
Scope 2 Emissions:274.3 tCO2e/year
Scope 3 Emissions:36,701.6 tCO2e/year
Renewable Energy Share:87.5%
Total Energy Consumption:8,975,696 kWh/year
Carbon Intensity:13.7 tCO2e per employee

ESG Focus Areas

  • Diversity & Inclusion
  • Climate Change
  • Community Impact
  • Employee Wellbeing
  • Responsible Business Practices

Environmental Achievements

  • Reduced Scope 1 and 2 emissions.
  • 87.5% of total global energy consumption was from renewable sources or tariffs in FY24.

Social Achievements

  • Launched a Global Share Purchase Plan, enabling all employees to invest in IG Group shares.
  • Trained 45 mental health first aiders globally.
  • 36% of colleagues participated in the community programme.
  • Increased prompted awareness of tastytrade brand from 11% to 19%.

Governance Achievements

  • Implemented an operational improvement programme to enhance efficiency and client centricity.
  • Significant reduction in regulatory capital requirements.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions
Medium-term Goals:
  • Establish net zero targets.
  • Reach 1 million beneficiaries impacted by Brighter Future Fund initiatives (2024-2026).
Short-term Goals:
  • Increase women in leadership roles to 35% by end of FY25, 40% by end of FY28.
  • Increase ethnic minority groups in leadership roles to 20% by December 2027, 25% by end of FY29.

Environmental Challenges

  • Softer market conditions and lower trading revenue.
  • Reduced market volatility impacting client activity.
  • Organizational changes leading to decreased employee engagement score.
  • Increased Scope 3 emissions due to new data categories and methodologies.
Mitigation Strategies
  • Implemented operational improvement programme to control costs.
  • Increased use of renewable energy.
  • Implemented a Global Share Purchase Plan and other employee wellbeing initiatives.
  • Improved data maturity and value chain emissions inventory.

Supply Chain Management

Supplier Audits: Annual audits and supply chain due diligence for Tier 1 suppliers.

Responsible Procurement
  • Engagement questionnaires with key suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Rising energy costs
Transition Risks
  • Regulatory changes
  • Market shifts

Reporting Standards

Frameworks Used: TCFD

Certifications: Living Wage employer (UK), Top Employer (UK and South Africa), FTSE4Good Index constituent

Awards & Recognition

  • Living Wage employer (UK)
  • Top Employer (UK and South Africa)
  • FTSE4Good Index constituent