Verification StatementLondon Stock Exchange Group – CY2022 Greenhouse Gas Inventory
Backgr ound
Cameron-Cole, LLC (Cameron-Cole) was retained by London Stock Exchange Group (LSEG) toperform an independent verification of their calendar year 2022 (CY2022) Greenhouse Gas (GHG)
Emissions. The GHG Inventory was developed according to the World Resources Institute(WRI)/World Business Council for Sustainable Development (WBCSD) Greenhouse Gas Protocol: ACorporate Accounting and Reporting Standard (2004 revised edition). Our opinion on the results of theinventory, with respect to the verification objectives and criteria, is provided in this statement.

Respo nsibility of LSEG & Independence of V er ific atio n Provi derLSEG has sole responsibility for the content of its GHG Inventory. Cameron-Cole accepts noresponsibility for any changes that may have occurred to the GHG emissions results since they weresubmitted to us for review. Based on internationally accepted norms for impartiality, we believe ourreview represents an independent assessment of LSEG’s CY2022 GHG Emissions Inventory. Finally, theopinion expressed in this verification statement should not be relied upon as the basis for any financialor investment decisions.

Level of Assura nce
The level of assurance is used to determine the depth of detail that a Verification Body designs into theVerification Plan to determine if there are material errors, omissions, or misstatements in a company's
GHG assertions. Two levels of assurance are generally recognized – reasonable and limited. Reasonable
Assurance generates the highest level of confidence that an emissions report is materially correct (withthe exception of Absolute Assurance which is generally impractical for companies to achieve). Limited
Assurance provides less confidence and involves less detailed examination of GHG data and supporting
documentation. Limited Assurance statements assert that there is no evidence that an emissions report
is not materially correct. Cameron-Cole’s verification of LSEG’s GHG Emissions Inventory for CY2022
was constructed to provide a Limited Level of Assurance.

Objectives
The primary objectives of this verification assignment were as follows: Determine whether the GHG emissions assertions meets/exceeds the 95% threshold foraccuracy.
 Determine whether LSEG’s GHG inventory meets the generally accepted GHG accounting
principles of accuracy, completeness, transparency, relevance and consistency
 Evaluate the conformance of LSEG’s accounting and calculation methodologies, processes andsystems to the WRI/WBCSD GHG Protocol.

Verifi cation Cr iteria
Cameron-Cole conducted verification activities in alignment with the principles of ISO-14064-3:2006(E)Specifications with Guidance for the Validation and Verification of Greenhouse Gas Assertions. The1|Page

Verification Statement
London Stock Exchange Group – CY2022 Greenhouse Gas Inventory
LSEG CY2022 GHG Inventory was prepared using, and verified against, the WRI/WBCSD GHG
Protocol.

Verifi cation Scope & As sertions
The scope of the verification covers LSEG's CY2022 GHG Emissions Inventory with the followingboundaries:

Geographical: Worldwide;Chemical Boundary: carbon dioxide (CO2), nitrous oxide (N2O), methane (CH4),
biogenic CO2, and hydrofluorocarbons (HFC’s)

Organizational Boundary: LSEG is using the operational control approach for accounting, asdefined in The GHG Protocol.

Operational Boundary: The following sources/emissions were identified in LSEG’sorganizational boundary:oDirect Emissions from Stationary Combustion, Mobile Combustion, and Fugitive
Emissions from refrigerants (Scope 1): Combustion of natural gas in building
boilers/furnaces, diesel for emergency generators, diesel combustion in mobile sources,
fugitive emissions from refrigerantsoIndirect Emissions from Electricity Purchases (Scope 2): Consumption of electricity andpurchased heating for office operations and data centers

oScope 3: Category 1-Purchased Goods and Services, Category 2-Fuel and EnergyRelated Activities, Category 5-Waste, Water, Category 6-Business Travel, Category 7Employee Commuting and Home Working, and Category 8-Upstream Leased Assets

LSEG’s GHG assertions are as follows:
For CY2022, LSEG reported a total of: Scope 1: 1,450 metric tons (MT) carbon dioxide equivalents (CO2e)
 Scope 2 Location-Based: 69,833 MT CO2e
 Scope 2 Market-Based: 4,167 MTCO2e
 Scope 2 Market-Based Biogenic: 70,702 Biogenic-CO₂
 Scope 3: 713,089 MTCO2e
It is therefore verified that LSEG’s declared assertions above are materially correct, limited tothe boundaries listed above.

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London Stock Exchange Group – CY2022 Greenhouse Gas Inventory
Verifi cation Opini on
Based on the method employed and the results of our verification activities, Cameron-Cole has
found no evidence of material errors, omissions, or misstatements in LSEG’s CY2022 GHG
Inventory within the boundaries described above. Cameron-Cole also found that LSEG’s GHG
accounting and calculation methodologies, processes and systems for this inventory conform to theWRI/WBCSD GHG Protocol.
Cameron-Cole, LLC
February 22, 2023

Mallory Andrews
Lead Verifier

Chris LawlessSenior Independent Reviewer

Head of Verification Services

Head of ESG Metrics and Disclosure

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