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.
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.
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.
Lloyds Of London's score of 64 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Lloyd's of London reported total carbon emissions of approximately 4,278,000 kg CO2e, with emissions distributed across various scopes: 1,263,000 kg CO2e from Scope 1, 2,472,000 kg CO2e from Scope 2, and 3,015,000 kg CO2e from Scope 3. This data reflects a significant operational footprint, highlighting the need for robust climate action. Lloyd's has set ambitious targets to achieve net zero operational carbon emissions by 2025. This commitment includes a comprehensive carbon management plan initiated in 2020, which aims to define a decarbonisation roadmap. The organisation is on track to achieve a 29.4% absolute reduction in emissions for both Scope 1 and Scope 2 by 2025, based on a 1.5 degrees Celsius scenario. In addition to these targets, Lloyd's is focusing on reducing energy consumption across its portfolio by 20% by the end of 2025 and aims to support a 10% reduction in emissions associated with employee commuting. These initiatives are part of a broader strategy to mitigate climate impact and align with global sustainability goals. Overall, Lloyd's of London is actively working towards reducing its carbon footprint through targeted initiatives and a clear commitment to achieving net zero emissions in the near term.
Access structured emissions data, company-specific emission factors, and source documents
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 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 35,908,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
Scope 3 | 11,166,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Lloyds Of London is not participating in any 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.