Strategic report Governance Financial statements Other information RESPONSIBLE BUSINESS TOWARDS HIGHER STANDARDS CONTINUED Technology Physical • 20% reduction in tonnes of CO2e per average The table also shows the Group’s energy usage The risk of energy scarcity is being managed As part of our business continuity plans, we full-time equivalent employee each year arising from the gas and electricity purchased through the transition to cloud hosted services, consider the effects of adverse weather. We have (relative to baseline year FY18). and used in operating its premises. such as Amazon Web Services (AWS). Usingthe plans and playbooks for incidents such as flooding. 100% of the general waste and mixed recycled We are including our Scope 3 business travel and cloud means fewer servers are needed and less These plans also include annual due-diligence on • energy used. our suppliers, including climate-related risks. packaging disposed of in our head office is employee commuting emissions in this year’s recycled. We are working to expand this to Report & Financial Statements, demonstrating We’re also improving the energy efficiency of our In terms of flooding, Bristol City Council’s include our food waste by 2022. our commitment to increased transparency and operations through conscious switches, such as flood zone planning encompasses our core Since 1 October 2013, the Companies Act 2006 reporting. Our business travel emissions are grey installing LED lighting in our offices. Harbourside office. Insurance is also in place • fleet, air and train, collected from colleague for further protection. (Strategic Report and Directors’ Report) expense claims. Employee commuting data is Policy and legal Regulations 2013 has required all UK quoted obtained through colleague survey responses We scan the horizon for policy and legal risks Temperature rise is mitigated through companies to report on their greenhouse gas complemented by average local government associated with climate change. We screen the installation of improved cooling systems emissions as part of their annual Directors’ commuting data. Both data sets are converted regulatory press releases, consultations and that reduces the overheating of our core Report. We have reported on all of the in respect of official government emission publications to spot potential changes that could tech provisions. emission sources required under the conversion factors. impact our operations Through this process, You can find more information on our risk Companies Act 2006 (Strategic Report and risks are assessed in terms of impact. management and the principal risks and Directors’ Report) Reulations 2013. We alsog In order to provide an intensity ratio for our Market uncertainties on page 50. support the Carbon Disclosure Project by emissions disclosure, we have calculated our Disruptive policies and the subsequent shift away reporting our CO2 emissions. greenhouse emissions per employee. from fossil fuels poses a risk to client outcomes. Metrics & Targets We do not have responsibility for any emission The Directors believe that the number of We mitigate this risk by creating content that Targets are a means to ensure we are on track to sources that are not included in our consolidated employees is the best indicator for a Group educates our clients on the importance of meet our long-term goals. We continue to adjust statement. Our emissions are calculated in line of this size and nature for the purposes of this diversifying their investments. Diversification is a our targets on an annual basis to keep the aims with the GreenhouseGasProtocol using the2018 disclosure. The number of employees used is key part of building resilience into a portfolio and ambitious. We plan to set a science-based net emission factors provided by Defra. The Group’s the average number of full-time equivalent we offer clients the opportunity to save and zero target within the next year. HL commits to: Scope 1 and 2 emissions for the year to 30 June employees over the measurement period. invest in a large selection of assets. • Reduce our Scope 1 and 2 emissions by 15% 2021 are set out in the table below (as per 2020 For the year ending 30 June 2021 our emissions Reputation (relative to baseline year FY18) each year in line ARA). Scope 1 emissionsrelate to the Group’s per employee decreased by 22%. David James, Chief Marketing and Brand Officer, with our carbon neutral commitment. fugitive emissions from the combustion of fuel is the Executive Committee member managing Measure all Scope 3 emissions by 2023 and operating activities and Scope 2 emissions • relate to the Group’s electricity usage. the reputational risk of climate change. He’s supported by our PR functions, the Corporate Affairs group and ESG Committee. 47 Hargreaves Lansdown Report and Financial Statements 2021