LSEG Climate Change Transition Plan
LSEG have an ambition to be a net zero business by 2040
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.
You can read more about our net zero ambition in our Climate Transition Plan and Task Force on Climate-related Financial Disclosures (TCFD) report.
related documents
Science-based targets
We have set science-based targets, aligned with the goals of the Paris Agreement.
Carbon reduction
- We commit to a 50% reduction of our absolute Scope 1 and 2 GHG emissions by 2030 from a 2019 base year.
- We commit to a 50% reduction of our absolute Scope 3 GHG emissions from fuel and energy related activities (FERA), business travel, and employee commuting by 2030 from a 2019 base year.
Supplier engagement
- We commit that 67% of our suppliers (by emissions covering our Scope 3 Purchased Goods & Services) will have set science-based targets by 2026.
While we have an ambition to reach net zero by 2040, we have not set a formal SBTi-approved target in this respect to date as we have been prioritising work on our near-term targets. In future we will review whether, and if so when, LSEG should formalise our net zero ambition into an SBTi-approved target. A dependency exists between this, and the progress made with respect to our supplier engagement target.
Focus areas
Four glidepaths help us to monitor, manage and reduce our emissions covered by the targets:
Emissions from property and data centres (Scope 1 and 2 emissions).
Emissions from homeworking and employee commuting.
Emissions from business travel by air, rail, and road (Scope 3 emissions).
Emissions from purchased goods and services (Scope 3 emissions).
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.
