As a firm we have publicly committed to reducing our Scope 1, 2 and 3 emissions by 50% of our 2018 levels by 2025. Over the past 12 months, we have continued to work with our people and external stakeholders to assist us in the delivery of the key measures required to achieve our carbon reduction goals. We can report a 23.7% reduction in our Scope 1, 2 and 3 carbon emissions compared to our 2018 levels. However, we have seen a 106% increase in our carbon emissions when compared to last year. This significant increase is primarily attributed to an increase in travel by our people post pandemic. With a return of our people to our office, there was an expected associated increase in energy emissions.

As we progress on our Net Zero Journey, we are cognisant that as a firm we need to continue to educate our people on how we all can contribute to the reduction of our carbon footprint as an organisation. To address this, we are working hard to explore alternatives so that we can provide more sustainable options through enforced travel policy restrictions, highly managed online meetings, events and other operations. Our calculations are based on the Location Based Method (LBM).