Our approachto sustainability Our purpose is to provide clients with accessto global financial and commodities markets,improving price discovery, liquidity,and distribution of data, throughresponsible and innovative solutions. We achieve this through our diverse range of products and services.As a world-leading provider of market infrastructure, liquidity, andover-the-counter (‘OTC’) market data solutions, we play a crucial rolein enabling the efficient functioning of wholesale markets, which isvital for economic stability and growth. We are committed to managing our business responsibly to createlong-term value for our stakeholders. This commitment includesfostering a strong culture that promotes employee diversity andinclusion, encourages good conduct, and enhances risk management. Our sustainability commitments The Group is committed to managing its business responsibly for the long-termbenefit of shareholders, employees, and communities. We are focused onenvironmental sustainability and active engagement with the communitiesin which we operate. Guided by our Code of Conduct and corporate values,we aim to uphold the highest standards of business practices. Social impact Environmentalcommitment Responsiblegovernance We work todevelop an inclusiveand positive culture,creating meaningfulopportunities for ouremployees andcommunities. We recognise ourenvironmentalresponsibilities, aswell as supportingour clients as theytransition to a low-carbon economy. We are committedto driving effectivemanagement of ourESG performanceand commitments,creating value beyondour operations. £5.2m 27% AA ratingMSCI ESG ‘AA’ ratingup from ‘A’ in 2023 raised through ICAP Charity Day reductionin Scope 1 and 2 carbon emissions 39% 100% of our electricity now comes fromrenewable sources completion of mandatory training active employee Accord Networks Read moreSee pages 30 to 37 Read moreSee pages 38 to 41 Read moreSee pages 26 to 29 Environmentalcommitment Our sustainability journey We are evolving our approach to meetthe demands of a changing world,recognising the need to addressclimate change. As the world’s largest inter-dealer broker, we are uniquely positioned tosupport clients on their energy transition journey. By facilitating thetrading of sustainable energy products, our brokers and tradingplatforms help clients navigate the complexities of transitioning tosustainable energy sources. Creating transparent and liquid marketsenables our clients to manage risk and seize opportunities, aligningtheir strategies with global sustainability goals. Our key priority areas Operational carbon neutralityWe aim to minimise the environmental impact of our operations, particularly greenhouse gas (‘GHG’) emissions. >Reducing our Scope 1 and 2 GHG emissions.>Increasing the use of renewable energy.>Reducing overall waste and water usage. Supporting our clientsWe leverage our capabilities to connect clients to liquidity and data solutions, helping them advance their sustainability objectives. >Developing and expanding markets for Renewable Energy Certificates(‘RECs’) and other renewables products.>Providing insights and data-led solutions to better inform participantsnavigate fast moving markets. Incorporating ESG into new businessinitiative approvals We have embedded ESG considerations into the evaluation andapproval process for new business initiatives, reviewed and scoredthrough our Change Management Framework. >ESG questions focus on emissions, gender representation,and asset class. Our progress Our targets To be carbon neutralin Scopes 1 and 2 GHG emissionsby the end of 2026. Reduced Scope 1 and 2 GHGemissions by a further 27%. Sustainabilitycontinued Operational carbon neutralityTo achieve our Scope 1 and 2 emissions target we are focused on: Waste generation and water consumptionWe strive to operate responsibly, including our consumption of natural resources. We work closely with our office landlords tomanage our water use and to ensure proper waste disposal.The availability of water and waste data across our office estatevaries, so we do not have a complete view of our waterconsumption and waste generation. 1) Organic reductions in Scope 1 and 2 GHG emissionsWe continue to target organic reductions in our Scope 1 and 2 GHG emissions, which are derived from our leased office premises anddata centres, through a programme initiated in 2021. This year, weannounced a new real estate optimisation programme and a newcloud computing ambition. These initiatives will deliver emissionssavings over the next three years by reducing office-based energyconsumption and improving energy efficiencies associated withcloud migration. We aim to achieve operational carbon neutralityby the end of 2026 by minimising our Scope 1 and 2 emissions asmuch as possible before purchasing certified carbon credits tooffset any residual emissions. Our approach to calculating waste generation combines estimatesand actual da