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Financial Conduct Authority
Financial IntermediationUnited Kingdom
Last verified 10 months agofca.org.uk
The Financial Conduct Authority, widely known as the FCA, stands as the UK's paramount financial services regulator. Headquartered in London, Great Britain, the FCA commenced operations in April 2013, taking over the conduct regulation remit from the Financial Services Authority.
Operating across the vast financial intermediation sector, the FCA authorises and supervises over 50,000 financial firms and markets. Its core mission is to protect consumers, enhance market integrity, and foster effective competition in the interests of the public.
The FCA's unique regulatory approach combines proactive supervision with robust enforcement, ensuring firms adhere to high standards of conduct. This vital role underpins the stability and trustworthiness of the UK's dynamic financial landscape.
34
DitchCarbon score
-3 vs industry average
Financial Conduct Authority’s score of 34 is lower than 49% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Financial Intermediation has below-average carbon intensity
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Financial Conduct Authority's reported carbon emissions
The Financial Conduct Authority (FCA), a UK-based financial intermediation services provider, reported approximately 27,000,000 kg CO2e in total emissions for 2023. This included approximately 1,000 kg CO2e from Scope 2 emissions and about 26,992,000 kg CO2e from Scope 3 emissions. In 2022, their total emissions were about 29,117,000 kg CO2e, comprising approximately 4,110 kg CO2e from Scope 1, 13,000 kg CO2e from Scope 2, and 29,104,000 kg CO2e from Scope 3. For 2021, total emissions were roughly 22,872,000 kg CO2e, with approximately 9,000 kg CO2e from Scope 2 and 22,863,000 kg CO2e from Scope 3.
The FCA has committed to reaching net-zero greenhouse gas emissions across its value chain by FY2045, with this target being validated by the Science Based Targets initiative (SBTi). This commitment includes maintaining 0 Scope 1 GHG emissions through FY2028 and maintaining 0 Scope 1 and 2 GHG emissions from FY2028 through FY2045. Additionally, the FCA aims to reduce absolute Scope 3 GHG emissions by 90% by FY2045 from a FY2021 base year. The organisation also commits to sourcing 100% renewable electricity annually through FY2030 and ensuring that 70% of its suppliers by emissions for purchased goods and services, upstream transportation and distribution, and upstream leased assets have science-based targets by FY2028.
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Financial Conduct Authority’s Climate Goals (2030 & 2050)
2 goals2045
90% reduction in scope 3 total
The Financial Conduct Authority also commits to reduce absolute scope 3 GHG emissions 90% by FY2045 from a FY2021 base year.
Behind target90%
2045
The Financial Conduct Authority commits to reach net-zero gr…
The Financial Conduct Authority commits to reach net-zero greenhouse gas emissions across the value chain by FY2045.
Behind target0%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
FY2030 targetSee details
Active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Financial Conduct Authority10 months ago
34
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Frequently asked questions
Common questions about Financial Conduct Authority’s sustainability data and climate commitments
For the 2023 reporting year, the Financial Conduct Authority (FCA) reported total carbon emissions of approximately 27,000,000 kg CO2e. The largest portion of these emissions, around 26,992,000 kg CO2e, originated from Scope 3 activities. Scope 2 emissions accounted for a minimal amount, approximately 1,000 kg CO2e. This breakdown highlights that the FCA's environmental impact is predominantly driven by its value chain and indirect operational activities, underscoring the importance of Scope 3 engagement for its overall carbon footprint reduction strategy.
Data year: 2023
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