Derwent London

Derwent London, a UK-based financial intermediation services company, has outlined significant climate commitments and reported on its carbon emissions. For the year 2023, the company reported a total of approximately 12.4 million kg CO2e in emissions. This figure comprises approximately 4.36 million kg CO2e of Scope 1 emissions and approximately 8.01 million kg CO2e of Scope 3 emissions. Scope 2 emissions for 2023 were approximately 29,000 kg CO2e (market-based).

In 2022, Derwent London's total emissions were approximately 44.2 million kg CO2e, with Scope 1 emissions at around 3.06 million kg CO2e, Scope 2 emissions at approximately 2.39 million kg CO2e (location-based), and Scope 3 emissions at approximately 38.7 million kg CO2e.

Derwent London is committed to ambitious emissions reduction targets. It aims to achieve net-zero by 2030 and has a long-term goal to reduce absolute Scope 1, 2, and 3 greenhouse gas (GHG) emissions by 90% by 2040 from a 2022 baseline. More immediately, the company commits to reducing absolute Scope 1 and 2 GHG emissions by 42% by 2030, targeting a level of 3,161 tonnes CO2e from a 2022 baseline. Science Based Targets initiative (SBTi) data indicates Derwent London has set targets consistent with limiting warming to 1.5°C. Specifically, it aims to reduce Scope 1 and 2 GHG emissions by 42% per square meter by 2030 from a 2022 base year, and to measure and reduce its Scope 3 emissions. Earlier commitments included reducing Scope 1 and 2 GHG emissions by 55% per square meter by 2027 from a 2013 base year, and reducing Scope 3 GHG emissions by 20% per square meter by 2027 from a 2017 base year. The company reports progress towards its net-zero goals annually.