Man Group plc - Corporate Responsibility Report 2007

Our achievements this year

Key achievements this year include:

• Light sensors placed throughout our London offices
• ‘Ice box’ cooling technology installed in our London offices
• 13,000 tonnes of CO₂ from Man Group global electricity, gas and business air travel emissions offset via high quality projects which exceed the UK Government’s proposed Code of Best Practice for carbon offsetting
• Engaged our staff and their families at a personal level
• Ran interactive carbon workshops
• Organised home eco audits, with three months’ free RSPB membership
• Provided 50% subsidy towards employees’ domestic CO₂ emissions offset costs, plus six months’ free RSPB membership
• Organised ‘Man family’ carbon footprint survey
• Established CO₂ mentoring programme
• Renewed green electricity contracts in the UK and Switzerland
• Implemented ELCRP (East London Community Recycling Partnership) for food waste recycling
• Introduced recycled paper for all printed stationery
• Introduced recycling of all IT equipment
• Started recycling toners
• Reduced VIP travel and used more standard taxis

We have also made a significant investment in a combined heat and power (‘CHP’) facility at our Man London offices, at a cost of over $2.4 million.

It first became apparent in 2006 that power at our London HQ was not going to keep up with our expansion, so, after extensive research, we installed two on-site 500 kW gas-fired tri-generation CHP generators, two 250 kW absorption chillers and ancillary equipment, enabling us to produce 500 kW of power as well as chilled water to cool our IT and office space. Tri-generation CHP puts usually wasted by-product heat to work, increasing overall fuel efficiency by over 75%, as well as avoiding transmission and distribution losses. Our overall programme is being facilitated with the help of charity Global Action Plan using the United Nations Environment Programme (UNEP) endorsed methodology.
In January 2007, Man Group plc was ranked ninth on CNBC European Business magazine’s first-ever published list of the Global Top 50 Carbon Pioneers and ranked first among asset management companies. The list was decided on the basis of the degree to which typically larger companies had taken a courageous or ground-breaking stance on climate change during the past decade or had raced to prominence on the basis of a low-carbon entrepreneurial opportunity. Richard Lofthouse, CNBC European Business editor said: “This list is about who is trying to solve climate change and who is not. I will go out of my way to celebrate, encourage and cite the brave individuals who are making efforts and taking risks.” Man Group welcomed this recognition and looks forward to continue taking bold steps towards a collective solution to mitigating climate change.

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