LSEG is committed to ensuring our operations and supply chain are environmentally responsible; utilising resources efficiently and in ways that benefit the environment. The Group’s primary environmental impacts arise from our offices and data centres, staff travel and, indirectly, from our supply chain.
Our environmental ambitions are underpinned by science-based targets, aligning with the Paris Climate Agreement trajectory to achieve net-zero emissions. We have become the first global exchange group to commit to net zero through the Business Ambition for 1.5C and are members of the United Nations Climate Change ‘Race to Zero’.
Overall 2019 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 2020 performance will be released in Q1 2021.
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 long-term science-based carbon reduction targets, which have subsequently been approved by the Science Based Targets initiative (SBTi).
We have committed to reduce absolute scope 1, 2 and 3(business travel) GHG emissions 46% by 2030 from a 2019 base year. We have also set a target of engaging with all key suppliers, accounting for 57% of Scope 3 emissions, to set science-based targets by 2025.
LSEG has also been a supporter of the Task Force for Climate-related Financial Disclosures (TCFD) since its launch in 2017. We not only encourage issuers to report against TCFD through our reporting guidance but aims to go further each year in embedding these standards into our own financial reporting.