Lloyds Of London Sustainability Profile
Lloyd's of London, often simply referred to as Lloyd's, is a renowned insurance and reinsurance market headquartered in London, GB. Established in 1688, it has evolved into a global leader in specialty insurance, serving clients across various sectors, including marine, aviation, and property. Lloyd's operates through a unique marketplace model, where syndicates of underwriters come together to share risks and provide tailored coverage. This collaborative approach, combined with a rich history of innovation, has positioned Lloyd's as a trusted name in the industry. With a commitment to excellence, Lloyd's has achieved notable milestones, including its pivotal role in developing insurance solutions for emerging risks. Today, it remains a cornerstone of the global insurance landscape, recognised for its expertise and resilience in the face of challenges.
DitchCarbon Score
How does Lloyds Of London'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 Insurance 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
Lloyds Of London's score of 70 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lloyds Of London's reported carbon emissions
In 2024, Lloyds of London reported total carbon emissions of approximately 1,558,000 kg CO2e globally, with emissions from Scope 1 at about 5,000 kg CO2e, Scope 2 at approximately 269,000 kg CO2e, and Scope 3 emissions reaching about 1,284,000 kg CO2e. In the UK, their total emissions were about 6,750,000 kg CO2e, with Scope 1 emissions at approximately 1,263,000 kg CO2e, Scope 2 at about 2,472,000 kg CO2e, and Scope 3 at around 3,015,000 kg CO2e. Lloyds has set ambitious climate commitments, aiming for net zero operational carbon emissions by 2025. This target includes a significant focus on reducing emissions across all scopes, with specific goals of a 29.4% absolute reduction in Scope 1 and Scope 2 emissions by 2025, based on a 1.5 degrees Celsius scenario. Additionally, they aim for a 20% reduction in energy consumption across their portfolio by the end of 2025 and a 10% reduction in emissions associated with employee commuting. The organization has also committed to achieving an energy performance certificate rating of C by 2027 and B by 2030 for their London offices, further supporting their operational emissions reduction strategy. These initiatives reflect Lloyds' proactive approach to addressing climate change and their commitment to sustainability within the insurance industry.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,344,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000 | 0,000 |
| Scope 2 | 35,908,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 11,166,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 | 0,000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Lloyds Of London's Industry?
How Carbon Intensive is Lloyds Of London's Location?
Lloyds Of London'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.
Lloyds Of London 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.
