Financial Conduct Authority

The Financial Conduct Authority (FCA), a UK-based financial intermediation services provider, has committed to several climate actions. While specific total emissions data for 2024 and 2025 are not available, the FCA reported approximately 27,000 metric tons CO2e in total emissions for 2023. This included approximately 1 metric ton CO2e from Scope 2 emissions and 26,992 metric tons CO2e from Scope 3 emissions, though Scope 3 purchased goods and services data was not fully disclosed. In 2022, their total emissions were about 29,117 metric tons CO2e, comprising around 4 metric tons CO2e from Scope 1, 13 metric tons CO2e from Scope 2 (with 9 metric tons from purchased electricity), and approximately 29,104 metric tons CO2e from Scope 3. Notably, Scope 3 emissions in 2022 included significant contributions from purchased goods and services (approximately 26,381 metric tons CO2e), employee commuting (about 1,441 metric tons CO2e), and business travel (approximately 665 metric tons CO2e). For 2021, total emissions were around 22,872 metric tons CO2e, with Scope 2 emissions at approximately 9 metric tons CO2e and Scope 3 emissions at about 22,863 metric tons CO2e. In 2018, the FCA reported approximately 50 metric tons CO2e in Scope 1 emissions and 4,439 metric tons CO2e in Scope 2 emissions.

The FCA has set ambitious Science Based Targets initiative (SBTi) validated goals. They aim to achieve net-zero greenhouse gas emissions across their entire value chain by FY2045. For near-term targets, the FCA is committed to maintaining 0 Scope 1 GHG emissions through FY2028 and continuing the active annual sourcing of 100% renewable electricity through FY2030, effectively achieving a 100% reduction in Scope 2 emissions. Furthermore, they target that 70% of their suppliers, by emissions covering purchased goods and services, upstream transportation and distribution, and upstream leased assets, will have science-based targets by FY2028. Long-term goals include maintaining 0 Scope 1 and 2 GHG emissions from FY2028 through FY2045 and reducing absolute Scope 3 GHG emissions by 90% by FY2045 from a FY2021 base year. These commitments align with a 1.5°C warming scenario.