LSEG Climate Change Transition Plan
Our ambition to be a net zero business by 2040
We believe that LSEG can make a real contribution to tackling climate change and helping to accelerate the transition to a low-carbon economy.
LSEG net zero
In January 2021, LSEG joined the United Nations Climate Change ‘Race to Zero’ becoming the first global exchange group to commit to net zero. We aim to halve our carbon emissions by 2030 and will work towards net zero by 2040. We have published our first Climate Transition Plan and Task Force on Climate-related Financial Disclosures (TCFD) report.
Science based targets
We are working to reduce our carbon emissions by 50% by 2030 and have an ambition to be net zero by 2040.
Carbon reduction target
A commitment to a 50% reduction of our absolute Scope 1, Scope 2 & Scope 3 (Fuel and Energy Related Activities, Business Travel & Employee Commuting) GHG emissions 50% by 2030.
Supplier engagement target
We commit that 67% of our suppliers (by emissions covering our Scope 3 Purchased Goods & Services) will have set science-based targets by 2026.
To achieve our near-term targets by 2030 and to identify our path to net zero we are focusing on the following priority areas
We will continue to understand, assess and manage the potential impacts of climate change on our physical locations and business model.
We will work with all of our suppliers to integrate environmental considerations and commitments into their operations. This includes engaging 67% of our suppliers (by emissions) to set science-based targets to reduce their own emissions by 2026.
We will halve the emissions from our offices and data centres by optimising our locations and driving efficient technology. For example, the implementation of a global tool to track, manage and measure internal data points across office locations and functions for real-time reporting.
We will ensure 100% of the electricity we consume is from renewable sources by increasing green tariffs across our portfolio, exploring on-site and off-site generation, and by purchasing energy attribute certificates (EACs) where the other options are not available.
We will reduce our emissions from travel by 50% by working with our colleagues and partners to change how, when and why we travel. We will improve cycle-to-work provision including cycle racks and shower facilities and switch to electric vehicles for shuttle bus services.
LSEG has achieved CarbonNeutral® company certification, in accordance with The CarbonNeutral Protocol, the leading global framework for carbon neutrality. We will continue exploring options for removals to support us in our path to net zero.
How we report on progress
Disclosing data and progress ensures we are accountable for our commitments, but in making our data public we are also encouraging transparency in the market. We commit to monitoring and reporting in alignment with best practice on sustainability disclosures and we intend to report our net zero progress in our 2023 Climate Transition Plan alongside other reports where we disclose our sustainability performance