Climate Change Data

Environmental Metrics

ESG Focus Areas

• Diversity and Inclusion
• Community Investment
• Carbon Footprint Reduction
• Responsible Client Onboarding

Environmental Achievements

• Reduced carbon intensity ratio from 4,719 kgCO2e per employee in FY21 to 2,498 in FY22. Move to a BREEAM-rated, carbon-neutral building.
• Scope 3 emissions down 51% compared to 2020 baseline.

Social Achievements

• Launched a pregnancy and parenting at work programme with Tommy’s charity.
• Signed the Mental Health at Work commitment.
• Increased female board-level representation to over 40%.
• Partnered with Arrival Education and The Brokerage for work experience and internship opportunities for junior talent from low socio-economic backgrounds.
• Donated £50,000 to the Disasters Emergency Committee’s Ukraine Humanitarian Appeal.

Governance Achievements

• Successful IPO on AIM.
• Established Board-level ESG Committee.
• Established Executive Risk Committee.
• Appointed a Chief Risk Officer, General Counsel, and Chief of Internal Audit.
• Adopted the Quoted Companies Alliance (QCA) Corporate Governance Code 2018.

Climate Goals & Targets

Environmental Challenges

• Challenging market conditions in the second half of the year due to the cost-of-living crisis, rising inflation and interest rates, and the war in Ukraine.
• Competition for talent in a competitive market.
• Increasing regulatory requirements (IFPR, Operational Resilience).

Mitigation Strategies

• Diversified business model (Investment Banking, Execution Services, Research & Distribution).
• Investment in technology and people.
• Implementation of IFPR and Operational Resilience requirements.
• Wellbeing programmes for employees.
• Hybrid working model.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Minimising modern slavery risk

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA Corporate Governance Code 2018, UN Sustainable Development Goals (SDGs)

Certifications: BREEAM (Building Research Establishment Environmental Assessment Method)

Third-party Assurance: PricewaterhouseCoopers LLP

UN Sustainable Development Goals

• Goal 5
• Goal 8
• Goal 10
• Goal 13

Initiatives contribute to gender equality, decent work, reduced inequalities, and climate action.

Environmental Metrics

ESG Focus Areas

• Diversity, equity and inclusion
• Carbon reduction
• Governance and integrity
• Building our ESG capabilities and products

Environmental Achievements

• Set targets to become carbon neutral by 2025 and reach net zero by 2040

Social Achievements

• Set a target to have women represent at least 40% of all employees by 2035
• 60% of employees participated in at least one community activity (up from 35% in 2022)

Governance Achievements

• Refined strategic priorities
• Strengthened the ‘three lines’ model for risk management
• Completed first ICARA (Internal Capital and Risk Assessment)

Climate Goals & Targets

Environmental Challenges

• Low capital markets activity and lower trading volumes due to economic and geopolitical uncertainty
• Rising inflation and interest rates
• Cost increases due to post-IPO restructuring and inflationary pressures

Mitigation Strategies

• Maintained a considered approach to expenditure
• Focused on strong liquidity management
• Continued targeted investment in operating divisions, technology, and people
• Cost rationalization

Supply Chain Management

Responsible Procurement

• Responsible procurement procedures to minimise the risk of modern slavery

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

UN Sustainable Development Goals

• Goal 5
• Goal 8
• Goal 10
• Goal 13

Initiatives contribute to gender equality, decent work, reduced inequalities, and climate action.

Awards & Recognition

• Best Approach to Wellbeing award at the PIMFA D&I Awards

Environmental Metrics

ESG Focus Areas

• diversity, equity and inclusion
• carbon reduction
• governance and integrity
• building our sustainability capabilities and products

Environmental Achievements

• Published carbon reduction plan in December 2023, aiming for carbon neutrality by December 2025 and net zero by 2040.
• Introduced a UK electric vehicle salary sacrifice scheme.

Social Achievements

• Launched a mentoring pilot program for women.
• Introduced a new people recruitment system to broaden the candidate pool.
• Introduced a new diversity, equity and inclusion policy.
• Partnered with The Brokerage for social mobility initiatives.
• Selected Become as a new charity partner.

Governance Achievements

• Appointed Maria Bentley as Senior Independent Director.
• Conducted the first external effectiveness review of the Board and its committees since the IPO.
• Implemented the Financial Conduct Authority’s (FCA) new Consumer Duty requirements.

Climate Goals & Targets

Environmental Challenges

• Challenging market conditions with low levels of equity capital market activity and lower value traded.
• Increased competition in retail liquidity provision.
• Rising costs due to inflation and higher interest rates.
• Lower employee engagement score (53% in FY24 vs 78% in FY23).

Mitigation Strategies

• Diversified revenues across different investment banking products.
• Disciplined approach to costs.
• Strong balance sheet.
• Targeted salary increases to retain key talent.
• Developed an action plan to improve employee engagement, focusing on career development, recognition, and communication.

Supply Chain Management

Responsible Procurement

• Group Procurement Policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA Code

Certifications: ISO 14001

Third-party Assurance: PricewaterhouseCoopers LLP