Financial Conduct Authority
The Financial Conduct Authority (FCA) is a prominent regulatory body based in London, overseeing financial markets and firms across the United Kingdom. Established in 2013, the FCA emerged from the Financial Services Authority (FSA) to enhance consumer protection and ensure market integrity. Operating primarily within the financial services industry, the FCA's core responsibilities include regulating banks, investment firms, and insurance companies. Its unique approach combines rigorous oversight with a commitment to innovation, fostering a competitive financial landscape. Notable achievements include the implementation of the Senior Managers and Certification Regime, aimed at promoting accountability within financial institutions. The FCA's proactive stance in addressing emerging risks positions it as a leader in regulatory practices, ensuring a fair and transparent financial environment for consumers and businesses alike.
DitchCarbon Score
How does Financial Conduct Authority's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Financial Conduct Authority's score of 59 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Conduct Authority's reported carbon emissions
In 2023, the Financial Conduct Authority (FCA) reported total carbon emissions of approximately 29.1 million tonnes CO2e. This figure includes 22.9 million tonnes CO2e from Scope 1 emissions, 461,000 tonnes CO2e from Scope 2, and about 22.9 million tonnes CO2e from Scope 3 emissions. Notably, the FCA has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by FY2050. The FCA has established several near-term targets, including maintaining zero Scope 1 emissions through 2028 and sourcing 100% renewable electricity annually until FY2030. Additionally, the FCA aims for 70% of its suppliers, covering significant emissions categories such as purchased goods and services, to have science-based targets by FY2028. Long-term commitments include maintaining zero Scope 1 and 2 emissions from FY2027 through FY2045 and reducing absolute Scope 3 emissions by 90% by FY2045, using FY2021 as the baseline year. These initiatives reflect the FCA's dedication to addressing climate change and aligning with industry standards for sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 26,993,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 600,000 | 000,000 | 000,000 |
| Scope 3 | 26,992,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Financial Conduct Authority is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
