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 primary environmental impacts arise from our offices and data centres that host nearly 5,000 employees around the world, from staff travel and, indirectly, from our supply chain.
Overall Performance is outlined below, and full details are available on pages 36-42 of our 2019 CS Report. Our carbon emissions in 2019 are verified externally, you can download the full verification statement here.
Our environmental performance
During 2019 , we achieved a 41% reduction in our absolute carbon footprint and a 42% reduction in carbon emissions per Full Time Employee (FTE). This reduction was primarily due to our move to 100% renewable electricity. This has been achieved through maintaining 100% renewable supplier tariffs for 66% of our electricity consumption and the procurement of energy attribute certificates for all other electricity consumption (purchased from an internationally recognised trader, member of IETA and CDP gold partner). Energy conservation measures (such as office consolidation projects, LED lighting upgrades, and decommissioning of legacy servers) have continued in all regions to reduce energy consumption. Throughout 2019 there has also been an increased focus on recycling and waste management.
Our environmental targets
LSEG was one of the first companies in the financial services sector to commit to a long-term science-based carbonreduction target, which is that “We commit to a 40% reduction of our global scope 1 and 2 GHG emissions by 2030 from a 2016 baseline”. As this target has been achieved, we continue to work towards the approval of our 2030 targets by the Science-based Targets initiative, therefore, in 2020 we aim to achieve a further 2% reduction in Scope 1 and 2 emissions per FTE and per £m revenue and a 2% reduction in waste per FTE compared to 2019. We will fully assess the actions needed to achieve carbon neutrality, including offsetting unavoidable air travel emissions through Gold Standard carbon credits.