Financial Conduct Authority

The Financial Conduct Authority, a UK-based financial intermediation services provider, reported its most recent emissions in 2023, with approximately 26,993,000 kg CO2e in total. This included about 1,000 kg CO2e from Scope 2 emissions and 26,992,000 kg CO2e from Scope 3 emissions. In 2022, the company's total emissions were approximately 29,117,000 kg CO2e, comprising around 4,110 kg CO2e from Scope 1, 13,000 kg CO2e from Scope 2 (including 9,000 kg CO2e from purchased electricity), and 29,104,000 kg CO2e from Scope 3.

The Financial Conduct Authority has set Science Based Targets initiative (SBTi) approved targets. It aims to achieve net-zero greenhouse gas emissions across its value chain by FY2045. Near-term targets include maintaining 0 Scope 1 GHG emissions through FY2028 and continuing to source 100% renewable electricity annually through FY2030. Additionally, the company commits that 70% of its 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, the Financial Conduct Authority plans to maintain 0 Scope 1 and 2 GHG emissions from FY2028 through FY2045 and reduce absolute Scope 3 GHG emissions by 90% by FY2045 from a FY2021 base year.