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Apex Group leads financial services industry by offsetting lifetime carbon emissions

17 March 2022

Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, today announces that it has offset its entire lifetime of carbon emissions, believed to be the first company to do so in the financial services industry.

Now a carbon neutral business, Apex Group has grown into a leading global financial services provider, employing over 8,000 people and servicing $2.2trn of assets[1]

Apex is vocal about its purpose to drive positive change and inspire the industry to take action on environmental and social issues; its global sustainability efforts to date, involve advancing insights into environmental, social and governance impacts (“ESG”) across private markets, nurturing an internal culture of transparency, and promoting ethical stewardship across our business and beyond. Apex is a signatory of the Principles of Responsible Investment and a member of the Net Zero Asset Managers initiative.

In addition to continually educating employees and implementing an Ethical Marketing Policy, the Group has an existing partnership with Eden Reforestation Projects – a non-profit NGO committed to rebuilding local communities in developing countries that were destroyed by deforestation. In 2021, the Group planted 200,000 trees in Madagascar – ten trees being planted for every new client contract signed and five for every five years of an employee’s tenure.

Apex Group’s historic emissions will be offset by Carbon Footprint Limited, a leading independent climate change consultancy. Carbon Footprint is a founding member of the Quality Assurance Standard for carbon offsetting and is a provider of choice to many well reputed organisations including the UK Government. The Group’s emissions will be offset through domestic energy projects in Malawi and Nigeria, ecosystem conservation in Cambodia, as well as renewable energy systems in Brazil, Turkey, and China.

Apex will continually review and assess measures to reduce and offset future emissions, including increased use of renewable sources of energy, removing single use plastics from across its offices, limiting international travel where possible and informing staff on best-in-class sustainability practices through its regular Eco-Watch newsletter.

Peter Hughes, Founder and CEO of Apex Group comments: “We are extremely proud to set the standard for the industry in being the first to offset our lifetime emissions – but we are not satisfied with leaving it at that and will continue to improve our ESG credentials across our operations and in the way we do business. We are committed to positive change and being a force for good in both the way we conduct business, and by setting an example. With our global platform we feel we have a responsibility to do the right thing and we therefore continually strive to be a responsible corporate citizen, focused on making a difference to our people, our planet and our society.”

About Apex Group

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 50 offices worldwide and 8,000 employees upon the close of announced acquisitions, Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.

Press contact:
Antonia Powell Antonia.powell@apexfs.com | +44 (0)77 8990 2279

[1] Upon completion of previously announced transactions.

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