LSEG is committed to utilising resources in ways that ensure the long-term sustainability and profitability of the business and that benefit the environment. The Group’s direct environmental impacts arise from our offices and data centres that host nearly 4,000 employees around the world, from staff travel and, indirectly, from our supply chain.
The reporting period was the Group’s third year of setting and reporting against environmental targets. Highlights are outlined below, and full details are available on pages 34-37 of our CR Report. Our carbon emissions in 2016 are verified externally, which you can download the full verification statement here.
Our environmental performance
During the reporting period, we achieved a 9% reduction in our overall Carbon Emissions per FTE and a 1% reduction in our absolute carbon footprint, building on similar progress the year before. This significant reduction is attributed to ongoing office consolidation and efficiency projects.
Except on air travel per FTE, we have already exceeded all of our 2020 targets, largely due to investment in our primary data centre, office consolidation, and significant increases in the use of video conferencing as an alternative to air travel.
While we are pleased with this early achievement, we recognise there is much more progress to be made and are actively working with the Science Based Targets Initiative in 2017 to assess potential for a long-term target that will stretch our ambitions out to 2030.
We have set ongoing targets for all of our impact areas for 2017 compared to 2016. We are aware of the risks and opportunities for our business arising from climate change, and have developed measures to address them. We will actively monitor these changes so we can adapt and respond as necessary. Direct climate change costs for the Group arise from the carbon tax associated with the UK CRC Energy Efficiency scheme.