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 around the world, from staff travel and, indirectly, from our supply chain. We are aware of the risks and opportunities of climate change for our business and our clients, and the need to adapt our operations to prepare for and take advantage of these.
We have global offices hosting 5,245 employees. We also have global data centres, supporting the technology infrastructure of our markets and those of our clients. The reporting period was the Group’s second year of setting and reporting against environmental targets and we not only achieved our aims for 2015, but also exceeded our 2020 targets in a number of areas.
Highlights are outlined below, and full details and data are available in our CR report – available to download here.
Our environmental performance
During the reporting period, we achieved a 14% reduction in our overall Carbon Emissions per FTE. This significant reduction is attributed to FTSE employees moving from Canary Wharf to Paternoster Square offices, as well as the inclusion of Russell Indexes operations, which have a low carbon footprint.
Data Centre energy and water consumption both reduced 10% per Occupied Cabinet. Office water consumption reduced by 15% per FTE and waste production was down 4% per FTE. Significant changes in our approach to air travel saw a reduction of 2% per FTE, with use of video conferencing across the Group more than doubling.
We are also making strong progress against our 2020 targets. Due primarily to office consolidations we have achieved the overall target of a 20% reduction in tCO2e per £m Revenue and per FTE (against a 2013 baseline), and a 20% reduction in total waste produced.
Although the specific 2020 targets for data centres and air travel (which are the largest contributors to our carbon footprint) have not yet been achieved, we are making strong progress against each. We will continue to focus on these 2 areas of the business during 2016, with further efficiency improvements in the data centres. We have set ongoing targets in all of our impact areas including a new paper consumption target, and will look to set new long-term science-based targets in 2016.
We continue to improve our data sourcing and footprint methodology across the Group, and have verified our Scope 3 Travel, Water and Waste emissions for the reporting period, in addition to full Scope 1 and 2 emissions. You can download the full verification statement here.