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 1.5°C and are members of the United Nations Climate Change ‘Race to Zero’.
Overall 2020 performance is outlined below, and full details are available on pages 22-26 and 42-48 of our 2020 Group Sustainability Report., you can download the full verification statement here.
Our environmental performance
Progress against our science-based target is detailed below. During 2020, as a result of the impact of Covid-19 on our operations, we achieved a 65% reduction in Scope 1, 2 and Business Travel (Scope 3) emissions. This was primarily due to global travel restrictions. We will report on progress against our science-based target in our Sustainability and Annual Reports.
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.