Financial Reporting Council
The Financial Reporting Council (FRC), headquartered in Great Britain, is a key regulatory body in the financial services industry, established to promote transparency and integrity in corporate reporting. Founded in 1990, the FRC oversees the accounting, auditing, and actuarial professions, ensuring compliance with high standards of financial reporting. With a focus on enhancing the quality of financial information, the FRC provides essential services such as setting accounting and auditing standards, monitoring compliance, and conducting investigations. Its unique position as a regulator allows it to influence best practices across the UK and beyond. Notable achievements include the development of the UK Corporate Governance Code, which has significantly shaped corporate behaviour. As a leader in financial regulation, the FRC plays a vital role in maintaining public trust in the financial markets, contributing to a robust and transparent business environment.
DitchCarbon Score
How does Financial Reporting Council'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 Services Auxiliary to 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 Reporting Council's score of 14 is lower than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Reporting Council's reported carbon emissions
In 2021, the Financial Reporting Council (FRC) reported significant carbon emissions totalling approximately 32,500,000 kg CO2e from Scope 1 and 2 sources combined, with Scope 1 emissions at about 325,000,000 kg CO2e and Scope 2 emissions at approximately 170,000,000 kg CO2e. However, the most substantial impact came from Scope 3 emissions, which reached an alarming total of about 29,356,853,000 kg CO2e. This figure highlights the extensive carbon footprint associated with their value chain, particularly from the use of sold products, which alone accounted for approximately 28,562,932,000 kg CO2e. Despite the high emissions levels, the FRC has not publicly disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. This lack of defined climate commitments suggests an opportunity for the FRC to enhance its sustainability strategy and align with industry standards for climate action. As the organisation continues to navigate its environmental responsibilities, establishing clear reduction goals could significantly contribute to global efforts in combating climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2021 | |
|---|---|
| Scope 1 | 325,000,000 |
| Scope 2 | 170,000,000 |
| Scope 3 | 29,356,853,000 |
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 Reporting Council is not committed to any reduction initiatives 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.
