Financial Ombudsman Service Limited Sustainability Profile
The Financial Ombudsman Service Limited (FOS) is a pivotal institution in the financial services sector, headquartered in the United Kingdom. Established in 2000, FOS plays a crucial role in resolving disputes between consumers and financial service providers, including banks, insurers, and investment firms. With a commitment to fairness and transparency, the service has handled millions of complaints, making it a trusted resource for consumers across Great Britain. FOS offers a unique blend of services, including mediation and adjudication, ensuring that both parties in a dispute are heard and treated equitably. Its position as an independent authority enhances its credibility, allowing it to influence industry standards and practices. Recognised for its significant contributions to consumer protection, the Financial Ombudsman Service continues to be a cornerstone of trust in the UK financial landscape.
DitchCarbon Score
How does Financial Ombudsman Service Limited'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 Membership Services 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 Ombudsman Service Limited's score of 20 is lower than 77% 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 Ombudsman Service Limited's reported carbon emissions
In 2023, Financial Ombudsman Service Limited reported carbon emissions of approximately 144 kg CO2e per employee, based on average headcount metrics. This figure reflects a slight increase from 2022, where emissions were about 128 kg CO2e per employee. The organisation has not disclosed specific Scope 1, 2, or 3 emissions data, nor has it set any formal reduction targets or initiatives, as indicated by the absence of SBTi or other climate pledges. The emissions data for previous years shows a trend of increasing emissions per employee, with 2021 reporting approximately 167 kg CO2e and 2020 at about 315 kg CO2e. The lack of significant reduction targets or commitments suggests that the Financial Ombudsman Service Limited is currently in the early stages of addressing its carbon footprint. Overall, while the organisation has provided some emissions data, it has not yet established a comprehensive climate strategy or reduction initiatives to mitigate its environmental impact.
How Carbon Intensive is Financial Ombudsman Service Limited's Industry?
How Carbon Intensive is Financial Ombudsman Service Limited's Location?
Financial Ombudsman Service Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Financial Ombudsman Service Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
