Financial Conduct Authority
The Financial Conduct Authority (FCA), headquartered in Great Britain, is a key regulatory body in the financial services industry. Established in 2013, the FCA oversees a wide range of financial institutions, ensuring they operate with integrity and transparency. Its primary focus areas include consumer protection, market integrity, and competition within the financial sector. The FCA offers a unique suite of services, including regulatory supervision, enforcement actions, and policy development, aimed at fostering a fair and effective financial market. Notable achievements include the implementation of the Senior Managers and Certification Regime, which enhances accountability among financial professionals. With a strong market position, the FCA is recognised for its commitment to safeguarding consumers and promoting healthy competition, making it a pivotal player in the UK's financial landscape.
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 61 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Financial Conduct Authority's reported carbon emissions
In 2023, the Financial Conduct Authority (FCA) reported total carbon 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, which encompasses categories such as purchased goods and services (26,381,000 kg CO2e) and employee commuting (665,000 kg CO2e). The FCA has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by FY2050. The FCA's near-term targets include maintaining zero Scope 1 emissions through 2028 and sourcing 100% renewable electricity annually through FY2030. Additionally, by FY2028, the FCA aims for 70% of its suppliers, covering emissions from purchased goods and services, upstream transportation, and upstream leased assets, to have science-based targets. Long-term, the FCA commits to 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. These targets align with the Science Based Targets initiative (SBTi) and reflect the FCA's commitment to a sustainable future. Overall, the FCA's climate strategy demonstrates a proactive approach to reducing its carbon footprint and contributing to a net-zero economy by 2050.
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| 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 50,000 | - | - | - | - |
| Scope 2 | 4,439,000 | - | 0,000 | 00,000 | 0,000 |
| Scope 3 | 22,965,000 | 0,000,000 | 00,000,000 | 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 participating in some of the initiatives that 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.
