
Sustainability and society
MONY Group’s sustainability strategy
encompasses environmental, social and
governance priorities. The Group is
committed to minimising its environmental
impact, with our goal of achieving Operational
Net Zero by 2030. This target includes a 90%
reduction in Scope 1 and Scope 2 emissions,
as well as remaining a ‘Carbon Neutral’
business by offsetting 100% of our carbon
emissions. Our environmental impact is
disclosed through the Carbon Disclosure
Project, and we proudly maintained our C
score for 2024.
This year, we will publish our Climate
Transition Plan, detailing our performance
against targets and our future plans.
As a signatory of the United Nations Global
Compact, we embrace its principles and
commit to aligning our operations and
strategies with ten universally accepted
principles in the areas of human rights,
labour, environment, and anti-corruption
MONY Group’s current charity partnership is
with the suicide prevention charity Campaign
Against Living Miserably (CALM). The
partnership has seen MONY Group donate
over £264,000 in the past two years which will
fund 21,656 lifesaving calls to CALM’s helpline.
This partnership has inspired remarkable
staff engagement and in 2024, we donated
over £127,000 to the charity.
Board and Governance
The Board receives regular updates from the
Executive Team on the Group’s performance,
operations, colleagues, customers, providers,
investors and communities, as well as the
risks and opportunities we face as a
business.We regularly consider and monitor
the real and potential risks and impacts of
macroeconomic and other disruption to our
end markets, along with mitigating actions.
We remain dedicated to maintaining the
highest standards of corporate governance
and ethical conduct. Our Board is committed
to transparency, accountability, and fostering
a culture of integrity. Our Board collectively
possesses a broad range of experience, skills
and knowledge from various backgrounds
which supports the strategic and operational
direction of the Group.
Succession planning continued to be an
areaof focus for the Board in 2024 as I was
recruited and inducted as a Non-Executive
Director and Chair Designate. The Board
remained stable save for my appointment
andI have been pleased to note both the
engagement of our Directors and the passion
they all share for the purpose of the Group.
We maintained the diversity of our Board,
exceeding the recommendations of the
Hampton Alexander Review and meeting
therequirements of the Parker Review.
On behalf of MONY Group, I would like to
thank Robin Freestone for his dedication and
diligence during his nine-year tenure with the
business, for his leadership of the Board, and
for all his support to me during our six-month
handover. I wish him all the best for the future.
Read more about our Governance Report
onpage 62.
Shareholder returns and
capitalallocation
The Group’s Capital Allocation Policy
reflectsits high cash generation and strong
balance sheet, and has enabled us to invest
organically in the business, to pay dividends
to our shareholders, and to fund acquisition
activity. The Board is recommending a final
dividend of 9.2p per ordinary share, an increase
of 3%, making a total dividend for the year of
12.5p per ordinary share, an increase of 3%
on 2023. If approved by shareholders atthe
forthcoming Annual General Meeting, the
finaldividend will be paid on 16 May, 2025 to
shareholders on the register on 11 April, 2025.
The strength of our balance sheet and the
cash generated in the year, have now put us
ina position to consider returning surplus
capital to shareholders. Accordingly, we have
announced a share buyback programme of
up to £30m, to be executed during the
current year. This reflects our commitment
todeliver returns to shareholders through a
combination of earnings per share growth
and cash distributions, and preserves our
ability to create further value through
strategically aligned acquisitions.
Looking ahead
This has been a strong year for the
Group,with continued good progress on
re-platforming our data and technology. Our
strategy and the investments we have made
to date, coupled with our differentiated
operating model, continue to position the
Group well for sustainable growth for the
benefit of all our stakeholders.
As we look to 2025, the performance and
actions taken this year underpin my
confidence in the future prospects of
MONYGroup.
Jonathan Bewes
Chair
14 February 2025
Our strategy and the investments we have
made to date, coupled with our differentiated
operating model, continue to position the
Group well for sustainable growth forthe
benefit of all ourstakeholders.
Chair’s Statement continued
MONY Group PLC Annual Report and Accounts 2024 – 10Financial statementsGovernanceStrategic report