ESG Disclosure Hub

Governance disclosure

Overview of core metric

2025 Disclosure 

Political Contributions

Standard(s): GRI section 415.1

Executive Owner(s): Robin Stewart, Group CFO

Disclosure of total amount of political contributions made.

£nil

It is the Company’s policy not to make cash contributions to any political party. However, within the normal activities of the Group, there may be occasions when an activity might fall within the broader definition of ‘political expenditure’. Therefore, the Company has sought to obtain shareholder authority to make limited political donations at each AGM. During 2025, no political donations were made by the Group.

ESG fines

Standard(s): GRI section 307-1

Executive Owner(s): Robin Stewart, Group CFO

Provision for fines   and settlements specified for ESG issues in audited accounts.

£nil

Employee Diversity & Inclusion

Executive Owner(s): Sue Maple, Group Head of Human Resources

Incorporation of ESG factors into brokerage activities

Standard(s): SASB FN-IB-410a.3

Executive Owner(s): Regional Heads of Global Broking; Andrew Polydor, CEO, Energy & Commodities

Description of approach to incorporation of ESG factors in brokerage activities.

Incorporation of ESG Factors in brokerage activities is detailed in the Supporting our clients' section of the 2025 Annual Report page 24. 

Systemic risk management

Standard(s): SASB FN-IB-550a.2

Executive Owner(s): Veronica Lazenby, Group Chief Risk Officer

Description of approach to incorporation of results of mandatory and voluntary stress tests into capital adequacy planning, long-term   corporate strategy, and other business activities.

TP ICAP conducts robust assessments of the principal risks facing the Group, including those that would threaten its business model, future performance, solvency or liquidity, and reputation. As part of our risk management process, the Group undertakes stress testing and scenario analyses to enhance its understanding of its risk profile. This includes the conducting of reverse stress tests to identify those risks which could render the Group’s business model unviable in an extreme scenario.

Effective risk management is essential to the financial strength and resilience of the Group, and for delivering its business strategy. The Group manages its risk profile through its enterprise risk management framework (‘ERMF’). The Group recognises that to ensure the effective operation of the ERMF, it must implement an appropriate risk management culture that fosters the desired risk management values and behaviours, and that is aligned to TP ICAP’s values. This includes promoting an environment of openness that encourages the reporting and discussion of risk-related matters and incidents.

The Group seeks to achieve the implementation of its risk management culture through a range of actions. These include the setting of an appropriate ‘tone-from-the-top’, clear communication of risk management expectations and responsibilities, and through remuneration structures that effectively support the achievement of the desired risk management behaviours.

A robust risk framework will also enable us to play our role in maintaining the integrity and professionalism of the markets where we operate and should also be a competitive differentiator for our clients who are increasingly looking beyond liquidity and pricing to broader ESG considerations when selecting their service providers.

Confidence in TP ICAP’s integrity to act on behalf of its customers is central to the relationship of trust we have with our customers. This means that when providing services, TP ICAP will always act in the customer’s best interests, putting customers’ interests ahead of its own.

The Group has put in place the necessary policies and procedures to meet its obligations with regards to the identification, prevention and management of conflicts of interest.

TP ICAP has robust internal policies and procedures in place which require all staff to identify and escalate any identified conflicts of interest, whether business or personal, in accordance with a formal escalation process. Such internal obligations enable the Group to continually identify new conflicts of interest which arise in its business and to implement those measures required to adequately monitor, manage and control the potential impact of those conflicts on its customers.

Description of whistleblower policies and procedures 

We report on our approach to whistleblowing on our website, and in our 2025 Group Annual Report & Accounts, on pages 36 and 92 to 97. 

SASB activity metric

Standard(s): SASB FN-IB-000.C

(1) Number and (2) value of market making transactions in (a) fixed income, (b) equity, (c) currency, (d) derivatives, and (e) commodity products

This information is included in our full year results presentations, available on our website, here: Reports & Presentation | TP ICAP