Derwent London

Derwent London's reported carbon emissions

Derwent London PLC, a UK-based financial intermediation services company, has made significant commitments to reducing its carbon emissions. In 2023, Derwent London reported total emissions of approximately 12.4 million kg CO2e, comprising: * **Scope 1:** Approximately 4.36 million kg CO2e * **Scope 2 (Market-based):** Approximately 29,000 kg CO2e * **Scope 3:** Approximately 8.01 million kg CO2e, with downstream leased assets being the largest contributor at approximately 5.52 million kg CO2e. The company has set ambitious reduction targets, including a commitment to reduce Scope 1 and 2 GHG emissions by 55% per square metre by 2027 from a 2013 baseline. They also aim to reduce Scope 3 GHG emissions by 20% per square metre by 2027 from a 2017 baseline, aligning with Science Based Targets initiative (SBTi) approved pathways. Further demonstrating their dedication to climate action, Derwent London has committed to reaching net zero by 2030 and has set a near-term target to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 baseline, aiming for a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2040.