| | Pre financial year end March 2021 | Financial year end March 2021 | Looking forward |
| Governance | - Strengthened the group environmental policy and climate change statement
- Established an ESG Executive Committee
- Released a group fossil fuel policy
- Assigned board responsibility and oversight for climate-related risks and opportunities
- Assigned senior management responsibility for climate-related risks and opportunities
| - Deepened the ESG skills of the DLC SEC
- Extensive engagement with executive and senior leadership on the responsibility, risk and business opportunities related to sustainability
- Strengthened our framework to link executive directors’ remuneration to ESG KPIs
- 84% of our board members participated in climate-related workshops
| - Identify skills gaps within the board and management with regards to climate risks
- Build capacity through directed climate education where gaps exist within the board and management
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| Strategy | - We support the Paris Agreement’s aim of holding the increase in the global average temperature to well below 2°C above pre-industrial levels and of pursuing efforts towards limiting it to 1.5°C
- Committed to ongoing carbon neutral emissions across all operations (Scope 1 and 2)
| - Created a Sustainable Finance Framework
- Arranged and participated in one of the first European mid-market ESG linked loans to the value of €600 million
- Received shareholder support for climate commitments and published our first TCFD report
- Strengthened our supply chain monitoring
- Started engaging with clients on their climate aspirations
- Conducted a qualitative assessment of climate risk in our own operations
| - Assess financed emissions in our lending and investing portfolios to understand their net-zero alignment in accordance with the trajectories of the countries net-zero commitments where we operate in
- Assess impact of climate-related risks and opportunities in our business
- Collaborate on climate-related disclosures with stakeholders, for example, through PCAF
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| Risk management | - Evaluated lending and investment portfolios for ESG risks
- Evaluated lending and investment portfolios for climate-related risks and opportunities
| - Evaluated lending and investment portfolios for general ESG risks
- Evaluated lending and investment portfolios for climate-related risks and opportunities
- Automated ESG screening incorporated into the Investec plc risk management process
| - Implement automated ESG screening, measurement and reporting within our South African operations
- Participate in the SARB climaterelated stress tests for capital and follow the BoE stress test guidelines
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| Metrics and targets | - Included non-financial and ESG related targets within executive remuneration with a total weighting of 20% of shortterm incentives and 25% of long-term incentives
- Committed to ongoing carbon neutral emissions across all operations
- Achieved carbon neutral status across our global operations for direct emissions
- Disclosed our fossil fuel exposure and ESG risk exposure
| - Achieved net-zero direct emissions for the third financial year as part of our commitment to ongoing carbon neutrality in our Scope 1, 2 and operational Scope 3 emissions
- 100% of operational energy requirements (Scope 2) sourced from renewable energy through renewable energy certificates
- Joined the Partnership for Carbon Accounting Financials (PCAF) to collaborate with peers measuring Scope 3 emissions
| - Measurement of carbon intensity within our Scope 3 lending and investment portfolios using the PCAF methodologies with an initial focus on our lending collateralised by property and mortgage portfolio’s
- Continue to assess viable scenarios in line with industry recommendations
- Assess viability of net-zero commitments within our investment and lending portfolios
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