St James Place : 2021 TCFD Report

Welcome to our 2021 TCFD report

Welcome to St. James's Place Group's climate-related disclosures report, which will explain how we are taking action on climate change and the financial impacts to our business. This is our home page, where you can navigate to all sections of our report by clicking on the desired heading.

Our introduction

Here you will find our Group Chief Executive's Statement, a little about who we are and our approach to Responsible Business, and a summary of the disclosures.

Our governance

Here you will find how we govern climate-related risks and opportunities, our accountable leaders, and our performance against new and former commitments.

Our strategy

Here you will find where we are today, our memberships, our carbon audit and levers to achieve net zero, and our scenario analysis.

Our risk management

Here you will find our climate-related risks and opportunities, over what time frame they manifest and their significance to our business, and an overview of our risk management.

Our metrics and targets

Here you will find our operational metrics, our progress against targets and the impact of our investment proposition in regards to our exposure to climate intensive companies.

Our conclusion

Here you will find our closing remarks from our Head of Environmental Strategy.

Pages 02-07

Pages 08-13

Pages 14-24

Pages 25-36

Pages 37-43

Pages 44-45

Glossary

Pages 46-48

01

"Climate change is a critical factor we must consider in supporting clients achieve their goals over the long-term. It is important we look to mitigate the risks and leverage the opportunities of the transition to a lower-carbon economy for our business and investment proposition."

Our introduction

Group Chief Executive's Statement 03

Who we are 04

Our approach to responsible business 06

Sam Turner, Head of Responsible Investing

Summary of disclosures 07

Group Chief Executive's Statement

"Climate change is one of the most significant global challenges we face today. It is a critical issue impacting our clients, advisers, employees, suppliers, charities and wider society."

Andrew Croft, Chief Executive

Welcome to St. James's Place Group'sclimate-related disclosures report, which will explain how we are taking action on climate change.

Climate change is one of the most significant global challenges we face today. It is a critical issue impacting our clients, advisers, employees, suppliers, charities and wider society. We recognise that financial services have a central role to play in the shift to a lower-carbon economy, and are consequently committed to being a positive and proactive force in that transition.

The past two years have seen the coronavirus pandemic bring suffering on a global scale, and we are now witnessing a world with intersecting crises unfolding at once. But against this backdrop we must collaborate, innovate, and build back better.

Our responsibility as leaders is to ensure we take action to identify, measure and manage climate-related risks and opportunities and build a sustainable future for society. Our ambition is to be a leading responsible business in the UK, and this year we agreed our Responsible Business framework, with Climate Change as one of our four pillars, alongside Financial Wellbeing, Community Impact and Responsible Investing. Responsible investing is a vital part of our climate strategy, both for creating a positive impact on the world around us and allowing us to respond to opportunities posed by the transition to a lower-carbon economy.

We know that effective and transparent disclosure can lead to real change and are therefore pleased to share our second report on climate-related disclosures, aligned to the TCFD recommendations.

How we do Business

Who we are

Why we exist

To give you confidence to create the future you want

Our purpose is to give our clients, advisers, employees, shareholders and wider society the confidence to create the futures they want.

We are an asset owner with £154 billion assets under management, providing financial advice to 868,000 clients across the UK and Asia.

£154bn

Assets under management

What we do

We work in Partnership to plan, grow and protect clients' financial futures

We plan, grow and protect the financial futures of businesses and individuals across the UK by providing an end-to-end wealth management proposition.

We offer our clients access to our full range of wealth management products and services through personal, face-to-face advice delivered by the Partnership, our 4,556-strong group of advisers. We tailor clients' investments to match their financial goals, supporting the delivery of positive client outcomes.

4,556

Advisers in the Partnership

How we do it

Through our strong culture and values

We are an inclusive community with core values of always doing the right thing, being the best version of ourselves and investing in long-term relationships. Embedding climate-related risk and opportunities into our business is one of the ways we value, respect and care about people and the world around us.

We will work together

Doing the	Being the	Investing in long-
right thing	best version	term relationships
of ourselves
Valuing, respecting and	Helping each other
caring about people	Achieving and	to develop and grow
celebrating excellence
Giving back	Creating success
Being brave and bold	together
Striving to put things
right if we make	Embracing diversity	Being easy to do
mistakes	business with