Annual Report 2017

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Rothschild & Co | Annual Report 2017 111
1. Overview
4. Financial statements
3.
Management report
2. Business review
Waste (Scope 3)
Emissions from Waste – Reuse category in 2016/2017 were 0.0 tCO2e to
1 decimal place, the chosen rounding method for Group reporting. However,
the figure is actually 0.027 to 3 decimal places, which rounds to 0.0 (1 d.p.).
Due to revisions by three offices, in 2016/2017 there are changes to the
emissions for Recycling and Anaerobic Digestion up and down one decimal
point, respectively.
Water (Scope 3)
For the financial year ending on 31 March 2017, the reported water figure
was updated by one office following the supply of additional detailed
information from the landlord. This resulted in an increase from 1.61
to 4.16 tCO2 e.
Electricity Transmission and Distribution Losses (Scope 3)
Where electricity consumption figures were updated in 2017 for the
financial year ending on 31 March 2017, this has also affected emissions
from electricity T&D losses, please see above points for an explanation of
these updates.
Travel
Five offices have chosen to restate or reallocate flight travel data previously
reported for the financial year ended 31 March 2017. This has resulted in
an overall increase of 702.5 tCO2e.
The “Other travel” emissions for the financial year ended on 31 March 2017
have been restated on the basis of updated rail travel information from two
sites. This is an increase of 11 tCO2e.
For the London office, journeys made by taxi are only reported by the official
supplier.
In 2017 flights have been allocated into the following categories:
1. Domestic (within the United Kingdom);
2. Flights to/from the United Kingdom (short haul and long haul by class);
and
3. International flights (between and within non-United Kingdom countries)
(by class)
5 Corporate social information
5.1 Territorial, economic and social impact
of the Group’s activities
As a leading financial services business, Rothschild & Co carries out
financial advisory, specialist finance and investment activities. As a
consequence, it participates actively in the financing of the economy
of the countries where it operates, through its 62 offices in 43 countries.
5.2 Relations with individuals and
organisations interested by the Group’s
activities
5.2.1 Conditions of the dialogue with
stakeholders
In accordance with the definition provided by the GRI Guidelines, Rothschild
& Co’s stakeholders are all entities or individuals that can reasonably be
expected to be significantly affected by the Group’s activities, products,
and/or services, and whose actions can reasonably be expected to affect
the ability of the organisation to successfully implement its strategies and
achieve its objectives.
Rothschild & Co has identified as its key stakeholders as its shareholders,
potential investors and financial analysts. Rothschild & Co seeks to maintain
a dialogue with those stakeholders to be in the position to take their
interests into account and to promote its own values, specifically through
the Investor Relations Department.
During the 2017 financial year, several meetings have been organised
between Rothschild & Co’s Head of Investor Relations and those
stakeholders. Members of Rothschild & Co’s Senior Management have also
attended these meetings. In addition, Rothschild & Co’s Head of Investor
Relations participated in broker conferences dedicated to facilitate relations
between listed companies and investors.
As a listed company, Rothschild & Co attaches great importance in
complying with applicable listing rules regarding transparency. In
accordance with these rules, it discloses in both French and English,
the information that is necessary to investors and shareholders to assess
its situation and outlook. This financial and extra-financial information is
available on Rothschild & Co’s internet website )
in a section entitled “Investor Relations”. Information is also disclosed in
a subsection named “Shareholders”, including all information relating to
General Meetings and the exercise of the voting rights, or explanations
about the different ways to hold securities issued by Rothschild & Co.
5.2.2 Actions of partnership and sponsorship/
Community Investment
At Rothschild & Co, the Community Investment ambition is to help
young people from disadvantaged backgrounds to raise and realise
their aspirations. Rothschild & Co believes that how much you are able to
achieve in life should not depend on your individual family circumstances
or background.
Combining skills-based employee volunteering with targeted grant funding,
the Group pursues long-term partnerships with charities, educational
establishments and social enterprises working to improve outcomes for
young people who have had a difficult start in life. Rothschild & Co places
an increasing emphasis on identifying the impact its contribution is making.
In 2017, through its Community Investment programme, the Group was able
to help more than 1,300 young people to make progress in their journeys
towards successful futures.
This programme places a particular emphasis on helping young people
to develop the skills and attributes that will enable them to succeed at
school, university and beyond. The Group also aims to inspire them with the
confidence to make ambitious choices reflecting their abilities and potential
and feels that the most effective way to do this is by engaging its people in
the programme. Rothschild & Co employees are encouraged to participate
during work time in a wide range of mentoring, tutoring and work insight
initiatives. In 2017, 43% of employees in the UK contributed in this way,
as well as 30% of employees in North America and 10% of employees in
Germany.
The Global Community Investment Committee is chaired by Nigel Higgins,
a Managing Partner of Rothschild & Co Gestion and co-chairman of the
Group Executive Committee. Partnerships are developed and implemented
by country-level committees according to the local need.