Prudential plc-Greenhouse Gas Emissions Statement

We have compiled our global Greenhouse Gas (GHG) emissions in accordance with the Companies Act 2006 (Strategic and Directors' Reports) Regulations 2013. GHG emissions are broken down into three scopes; we have included full reporting for Scope 1 and 2, and select Scope 3 reporting as best practice.

Scope 1 emissions are our direct emissions from the combustion of fuel, fugitive emissions and company owned vehicles. Scope 2 emissions cover our indirect emissions from the purchase of electricity, heating and cooling. We have reported our Scope 2 emissions using both the location and market -based methods in line with the GHG Protocol Scope 2 Guidance. Our Scope 3 footprint includes UK booked business travel, global water consumption and waste generated from our investment properties with operational control, UK and US occupied properties. We continue to work with our Business Units to review the extent of our Scope 3 reporting and increase coverage where practicable.

Please refer to our Basis of Reporting and supplementary reporting online for further detail on our methodology, reported consumption and drivers of variation.

CO 2 e ) Emissions Source ( t CO 2 e ) 2018 2017 % change
Scope 1 Occupied 9,191 10,494 -12%
Investments 7,711 7,703 -0%
Scope 2-Location based Occupied 56,554 61,154 -8%
Investments 15,281 18,751 -19%
Scope 2-Market-based (supplier and residual mix) Occupied 52,127 55,484 -6%
Investments 5,459 7,237 (2) -25%
Scope 3 (tonnes CO 2 e) Group 22,545 15,306 (1) + 47%
Scope 1 and Scope 2 * Occupied 61,318 65,979 -7%
Investments 13,170 14,940 -12%
TOTAL SCOPE 1 AND 2 * Group 74,488 80,919 -8%
TOTAL SCOPE 1, 2 AND 3 (tonnes CO 2 e) * Group 97,032 96,225 + 1%
Carbon Intensity *
kg CO 2 e per m 2 -Scopes 1 and 2 only Group twenty four 29 -17%
kg CO 2 e per employee-Scopes 1 and 2 only Group 3.1 3.2 -3%
kg CO 2 e per m 2 -Scopes 1, 2 and 3 Group 32 34 -8%

* Note that when reporting Group totals, the market-based emissions are used.

Data Notes:
Reporting Period:

1 October 2017 to 30 September 2018

Baseline year: 1 October 2016 to 30 September 2017
Independent Assurance: Deloitte LLP has provided limited assurance over selected environmental metrics in accordance with the International Auditing and Assurance Standards Board's (ISAE3000 (Revised)) international standard.
Consolidation (boundary) approach: Operational Control
Consistency with financial statements:

The reporting period does not correspond with the Directors' Report period (01 January 2018 to 31 December 2018) as it was brought forward by three months to improve the availability of invoice data and reduce reliance on estimated data.

Prudential owns assets, which are held on its balance sheet in the financial statements, over which it does not have operational control. These are excluded from the data below. Assets not included on the balance sheet but held under an operating lease and where we have operational control are included.

Emission factor: Scope 1 and 3 reporting uses the UK DEFRA 2018 GHG Conversion Factors. Scope 2 calculations use the IEA GHG 2018 Conversion Factors for location-based reporting. Market-based reporting uses supplier emission factors for our UK REGO-backed supply and RE-DISS factors where available.
Accounting Methodology: The Greenhouse Gas Protocol Corporate Accounting and Reporting Standard
Materiality threshold: Five per cent
Data Restatements: (1) 2017 figure restated as accurate data became available from suppliers.