Man Group is committed to reducing its absolute carbon footprint and to being consistent and transparent about the progress we are making. As a key part of our Corporate Sustainability strategy, you can read more about how we manage our environmental impact in our Corporate Sustainability Brochure.

Having surpassed the targets we set for 2020, we are on track to meet our emissions reduction targets set to 2022, and are proud to commit to our strategic pathway to net zero carbon in our global workplaces by 2030.


Environmental Policy

Our Environmental Sustainability Policy Statement focusses on: using natural resources responsibly; minimising the environmental impact of our activities through maximising energy efficiency; reducing greenhouse gas emissions and; recycling and / or minimising waste. We also commit to at least annual reporting of our environmental targets, data and any issues we encounter. Our UK offices (which account for 67% of our operations based on headcount) are covered by environmental operating procedures which are aligned to ISO 14001.

Board Oversight of Environmental Matters

Our Man Group Board has responsibility for Man Group's environmental impact and ensures that Man’s Environmental Sustainability Policy Statement is implemented and reviewed. The Board has a collective role in providing environmental leadership throughout Man's global operations and is committed to continual improvement in environmental performance.

Environmental Risk Management

Man Group considers operational climate risks 15+ years into the future. It does this through multi-disciplinary company-wide risk identification, assessment and management processes. The types of risks considered include current and emerging regulation, technological changes and upgrades, market risks, reputational risks, acute and chronic physical operational impacts as well as upstream and downstream risks.

Green Buildings

Minimising our environmental impact is at the centre of our real estate strategy. We occupy six buildings certified by LEED (Leadership in Energy Efficiency and Design) and one by BREEAM (Building Research Establishment Environmental Assessment Method). Across our offices, we use renewable energy and implement zero waste to landfill policies wherever possible.

Environmental Impact - Case Studies


Riverbank House is rated “Excellent” via the Building Research Establishment Environmental Assessment Method (BREEAM). The building has a green roof, rainwater harvesting and solar power generation.



Our Pfäffikon office is a short walk from Lake Zurich and is powered by renewable hydro-electric energy. The office has recently put in place smart, motion-sensored LED lamps, as well as more efficient batteries for our back-up power. This has driven savings of ~19,000 KwH each quarter.





Carbon Offsetting

While we continue to make concerted efforts to reduce our carbon footprint, we must also take responsibility for what we continue to emit. Man Group has made an ongoing commitment to offset its reported Scope 1, Scope 2 Market-Based and Scope 3 travel emissions by funding an equivalent carbon dioxide saving. We are supporting reforestations projects in Chile and Uruguay through a partnership with Natural Climate Partners, which has resulted in an offset of 15,200 tonnes of CO2 over just 12 months, as well as making a measurable difference to local people’s lives.

Environmental data compilation systems

We strive to deliver clear and transparent reporting that captures the measurable elements within our control. We monitor and track our global environmental impact using specialist specialist tracking software and an energy services consultancy which help us to mitigate risk, maximise opportunities and reduce our carbon footprint.

Responsible Procurement

Man Group’s offices procure goods and services that are in line with our environmental objectives. We utilise ISO standards and ratings systems (such as energy star for IT equipment and green star for paper supplies) to assist us in choosing sustainable products. We also ensure all our equipment complies with the Restriction of Hazardous Substances EU Directive.

Vendor Management

As a condition of supplying services to Man Group, our consultants, contractors and sub-contractors are directed to adhere to our Supplier Code of Conduct. This code outlines the minimum standards Man Group expects of it’s suppliers, as pertaining to considerations around any economic activities, impact to the environment, as well as engagement with our wider communities.

Man Group intends to lead by example, and we endeavour to work closely with our suppliers to rise to the opportunity of addressing the global, social and environmental challenges that we all currently face. Contract managers and procurement specialists are responsible for ensuring our consultants, contractors and sub-contractors fulfil their duties in this area through contract audits and performance reviews.

Environmental Performance Audits

In 2020, Man Group’s largest office, Riverbank House, was comprehensively audited for energy and air-conditioning efficiency. The recommendations from these audits have informed our investments into new, energy efficient equipment and infrastructure, such as LED lighting and chiller upgrades.

Task Force on Climate-related Financial Disclosures (TCFD)

Man Group is a supporter and signatory of the TCFD, and is committed to taking action against climate change. The Board oversees the development of our climate-related financial disclosures which cover governance, strategy, risk management, and metrics and targets, as described in our Annual Report.

Institutional Investors Group on Climate Change (IIGCC)

Man Group is a signatory to the Institutional Investors Group on Climate Change, the European membership body for investor collaboration on climate change.


UN Global Compact

We are also proud, active signatories of the UN Global Compact, supporting the Ten Principles on human rights, labour, environment and anti-corruption.

UN Global Compact


Environmental Training and Awareness

Environmental Training


All Man Group staff complete a mandatory annual training module which outlines Man’s environmental policy and objectives. The course describes ways in which staff can contribute to minimising Man’s environmental footprint such as reducing waste through re-using and recycling, developing and maintaining systems to monitor and measure our use of resources, engaging with staff and suppliers on environmental best practice and ensuring anything we purchase comes from sustainable and reputable sources.

Environmental Awareness


Environmental awareness campaigns are run in offices focussing on areas such as increasing recycling, reducing energy use, cycling to work and removing single use plastics. Such campaigns include ‘Disposable Free Zones’ in the Riverbank House Restaurant, promotion of the UK Cycle to work scheme and applying energy intensity metrics to rank the best and worst performing Man offices to promote energy saving efforts. Global environmental performance information is also published on the company intranet.

Environmental Impact - Performance

The information below details our mandatory reporting of greenhouse gas emissions for the year.*

In 2020, total emissions (including scope 2 market-based) have decreased by 66% from 2019. This was achieved through the second phase of a real estate strategy to streamline our data centre provision and improved energy efficiency of our property portfolio. We also acknowledge that the reduction in greenhouse gas grid emission factors has contributed significantly towards the overall decreasing trend in Man Group’s carbon footprint, as well as homeworking during the Covid-19 pandemic.

*Pursuant to the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013.

Emissions by scope Year End 2020 MTCO2e Year End 2019 MTCO2e
 Scope 1 (Fuel)  788  1,136*
 Scope 2 Location Based (Purchased Electricity)  3,236  4,253
 Scope 2 Market Based (Purchased Electricity)  363  464
 Scope 3 Business Travel  650  3,684
 Total - Location based  4,674  9,073
 Total - Market based  1,801  5,284
 Energy Consumption (KWH,‘000s)  17,910  19,350
* Scope 1 emissions have been adjusted in 2019 to reflect a wider reporting boundary to ensure we are capturing all the emissions that are directly under our operational control.

Scope 1 (Fuel)


We have seen a reduction by 31% from 2019 in total scope 1 emissions. This achievement has been enabled through heating efficiencies and reduced occupancy at Riverbank House in London.

Scope 2 Location Based (Purchased Electricity)


Employing country-level emissions factors, we have seen a decrease in emissions, saving 1,017 MTCO2e of carbon from 2019. This is largely due to the second phase of works in the UK to streamline our data centre provision and energy efficient equipment upgrade projects across our offices globally.

Scope 2 Market Based (Purchased Electricity)


The reported scope 2 market-based emissions reflect our commitment to using renewable energy in jurisdictions where it is available and reducing our energy usage globally. In 2020, our Scope 2 Market Based emissions were reduced by 22% from 2019.


Scope 3 Business Travel


Due to the travel restrictions during the Covid-19 pandemic and advances in our remote working infrastructure, there has been a sharp decrease in reported business travel Scope 3 emissions in 2020 by 88%.



In 2020, total water usage was 17,372 m3, (2019: 27,221m3). This reduction in water usage is due to reduced occupancy levels in our offices due to the Covid-19 pandemic.



Man Group takes a zero waste to landfill approach in jurisdictions where these services are available. In 2020, 67% of our operations (based on headcount) were zero waste to landfill. Man is working to improve its global tracking of waste streams to enable comprehensive reporting across all offices.

Environmental Impact - Intensity Metric

The emissions we are reporting have been calculated using an intensity metric which will enable us to monitor emissions independent of activity. As Man Group is a people-related business, we expect that any changes to headcount will impact the property space we occupy and the amount of business travel we use. Therefore, emissions per employee are the most appropriate metric for our business, as shown in the table below.*

*The average number of employees in 2019 was 1,413 (2018: 1,376), as disclosed in Note 4 to the financial statements.

Emissions per Employee Year End 2020 Year End 2019
 Scope 1 (Fuel)  0.5  0.8*
 Scope 2 Location Based  2.2  3.0
 Scope 2 Market Based  0.3  0.3
 Scope 3 Business Travel  0.5  2.6
 Total - Including Location Based  3.2  6.4
 Total - Including Market Based  1.2  3.7

* Scope 1 emissions have been adjusted in 2019 to reflect a wider reporting boundary to ensure we are capturing all the emissions that are directly under our operational control.

Environmental Impact - Objectives and Targets

We strive to make our contribution to the Paris Agreement ambition to keep temperature rise well below 2°C pre-industrial levels. In 2019, we set company-wide targets in line with the Science Based Targets initiative to limit the global temperature increase to a maximum of 1.5°C, all of which were met in 2020.


By year end 2022

Greenhouse Gas and Energy
Scope 1 Emissions – Natural Gas & Fuel
Reduce our scope 1 Natural Gas and Fuel emissions by 30% through energy efficiencies saving a total of 341 MTCO2e
Scope 2 Emissions – Electricity
Reduce global energy usage 10% year on year through energy efficiencies saving a total of 808 MTCO2e
Reduce scope 2 market based emissions by 50% by increasing energy efficiency and 100% renewable power supplies saving a total of Scope 2 market-based emissions of 232 MTCO2e
Reduce baseline usage 2% per year saving a total of 1,600 m3