Our ESG Framework
We focus on key ESG elements that are meaningful and material to our business, ensuring continuous improvement in areas like carbon neutrality, diversity, and ethical governance. Our aim is to align ESG with commercial strategies, engage our value chain and to enhance our measurement and disclosure.
Environmental
Our environmental efforts are focused on assessing and mitigating the impact of our business operations on the environment. Our objectives include measuring our carbon emissions, striving to achieve net zero by 2040, and expanding our expertise to assist clients in navigating the complex and evolving regulatory landscape on the path to net zero. We are committed to continuous improvement in our environmental practices, ensuring that we contribute positively to the global efforts in combating climate change.
Tonnes of Carbon Per Employee
Tonnes of Carbon Offset in 2023
2024 CDP Climate Score
Overview of Our Environmental Efforts
Strategic Objectives
- Assess the impact of JTC’s business operations on the environment
- Reduce our carbon footprint
- Contribute towards initiatives and projects that support the natural environment
- Support our clients in sustainability matters including the rapidly evolving regulatory landscape on the path towards net zero
Supporting Target & Activities
- Measure our carbon footprint and as we work towards net zero, remain Carbon Neutral+ by purchase of validated carbon offsets
- Expand expertise and capacity to deliver Sustainability Services to clients
- Measurably increase employee awareness of environmental strategic objectives
2024 Status
- Reported under TCFD with expanded framework
- Maintained Carbon Neutral+ status
- Reported to Carbon Disclosure Project (CDP) publicly
- Signatory to the UN Principles of Responsible Investment across the Group
- Conducted analysis of scope 3 emissions
- Evaluated travel practices and policy
Social
Our people are at the core of our business. Our social responsibility is grounded in our culture of Shared Ownership that ensures every JTC person has a direct stake in the business, fostering a sense of responsibility and accountability. The potential of every employee is maximised through various programmes and initiatives we have in in place. It is also important to us that we contribute to the local communities in which we operate.
Charitable Donations
Overview of Our Social Efforts
Strategic Objectives
- Apply our culture of Shared Ownership to best service the needs of our clients
- Hire, develop and retain the best people, helping them to maximise their potential
- Help our people achieve balanced wellness through our JTC Wellbeing and JTC Academy programmes
- Contribute towards the sustainability and wellbeing of local communities where we live and work
Supporting Target & Activities
- Hire, develop and retain the best talent in the industry to support our clients
- Support employee growth and development with targeted training and career development opportunities
- Invest in meaningful charitable causes and carbon offset projects that enhance overall social wellbeing
2024 Status
- Third annual employee survey with 89% participation rate
- Continued focus and investment in training and development
- Maintained our regretted employee turnover rate at 4%
- Continued focus on employee wellbeing and flexibility through remote-working policy
- Employee participation in selecting carbon offset projects and supported charities
- Shared ownership distribution of c. £50m worth of shares to all our employee owners
- DEI framework and strategy
Governance
Our success is built on a foundation of high corporate governance standards and a responsible culture. Our governance strategy is dedicated to maintaining robust oversight and control frameworks, ensuring transparency and prioritising diversity at the Board level and ensuring accountability to all our stakeholders. The Board, supported by its committees, plays a crucial role in overseeing strategic issues, regulatory compliance, risk management and the delivery of our strategic plan.
Data & Security
Overview of Our Governance
Strategic Objectives
- Expand Board level oversight of ESG strategy
- Formalise Board level review of key ESG priorities
- Prioritise Board composition to ensure diversity of thought, background and experience
- Maintain robust risk frameworks and best-in-class controls
Supporting Target & Activities
- Enhance Board level oversight of strategic ESG matters
- Improve Board level diversity and ESG expertise
- Update Terms of Reference to formally bring ESG matters into the direct remit of the Board and its sub-committees
2024 Status
- Project Diamond – firmwide policies and procedures review with eye towards publishing more in the public domain
- Two new female non-executive directors, strengthening board diversity
Our ESG Disclosures
For in depth information about our ESG efforts and disclosures, read the Sustainability section in our Annual Report.
Our Policies
Our Group Policies, which set expected standards in a number of areas linked to professional integrity, include:
Conduct Risk
Anti-Money Laundering
Countering of Terrorist Financing
Anti-Bribery and Corruption
Sanctions Compliance
Insider Trading
Conflicts of Interest and
Whistleblowing, which provides whistleblowers protection from retaliation
All policies are made available to employees via the Group’s intranet. Adherence to these standards is periodically tested through the Group’s ‘Three Lines of Defence’ model of assurance and further supported by an employee compliance declaration exercise undertaken each year.
Our statement outlines our dedication to preventing modern slavery within our business and supply chains. We implement rigorous due diligence, extensive staff training, and robust monitoring to mitigate risks. While our policies are comprehensive, we continually review and enhance them to ensure effectiveness. We are dedicated to expanding transparency by publishing more policies publicly, reflecting our commitment to integrity, human rights and accountability.
Reporting Standards
Our ESG disclosures follow global standards, providing transparency and accountability in our sustainability and governance efforts.
Task Force on Climate-Related Financial Disclosures
JTC is reporting under the Task Force on Climate-Related Financial Disclosures (TCFD) framework, as required under Listing Rule 9.8.6R (8) on a comply or explain basis. We have considered our obligations under this Rule, also taking into account the TCFD Annex (issued October 2021), and have made disclosures consistent with the 11 TCFD Recommendations and Recommended Disclosures; noting that for Metrics and Targets, work is ongoing to establish detailed targets that will enable us to manage climate-related risks and opportunities. We have also considered the FRC’s July 2023 CRR Thematic review of climate-related metrics and targets.
Sustainability Accounting Standards Board
We have chosen to provide disclosures in line with the Professional & Commercial Services Standard issued by the Sustainability Accounting Standards Board (SASB). SASB was founded in 2011 as a not-for-profit, independent standards setting organisation to establish and maintain industry specific standards to assist in disclosing financially material, decision-useful sustainability information to investors. The information disclosed is to assist investors and other stakeholders in understanding the governance and management of the Group’s environmental and social impacts arising from its activities as well as the ability of the Group to create value over the long term.
External Initiatives and Frameworks
JTC has chosen to participate in several external initiatives and frameworks which help us stay informed on how other firms globally are dealing with these challenges.
JTC Shared Ownership
People are Central to JTC
Shared ownership is central to JTC’s culture and success. Since 1998, our Employee Benefit Trust has aligned employee and shareholder interests and generated over £450m of total value for employee-owners. This model empowers our people, supports our client-first approach and drives exceptional results.
Our programme is the subject of a Harvard Business School MBA case study.
Meet Our Board
Learn more about the Board of directors who guide JTC’s strategy to ensure sustained growth and stakeholder value.
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Learn More
Discover how we create sustainable growth and value for all our stakeholders. Please get in touch with our team if you have any specific questions.