Financial Conduct Authority

Financial Conduct Authority's reported carbon emissions

In 2023, the Financial Conduct Authority (FCA) reported total greenhouse gas emissions of approximately 26,993,000 kg CO2e. This figure includes 1,000 kg CO2e from Scope 2 emissions and a significant 26,992,000 kg CO2e from Scope 3 emissions, indicating a heavy reliance on indirect emissions sources. The FCA has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by FY2045. To achieve this, the FCA has established several near-term targets, including maintaining zero Scope 1 emissions through FY2028 and sourcing 100% renewable electricity by FY2030. Additionally, the FCA plans for 70% of its suppliers, covering key areas such as purchased goods and services, to have science-based targets by FY2028. Long-term, the FCA commits to maintaining zero Scope 1 and 2 emissions from FY2028 through FY2045 and reducing absolute Scope 3 emissions by 90% from a FY2021 baseline by FY2045. These targets align with the Science Based Targets initiative (SBTi) and reflect the FCA's commitment to a sustainable future. The FCA's emissions data is not cascaded from any parent organization, indicating that these figures and commitments are independently reported.