Lloyds Of London
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 66 is higher than 80% 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 4,278,000 kg CO2e in Great Britain, with significant contributions from Scope 1 emissions at about 1,263,000 kg CO2e, Scope 2 emissions (location-based) at around 2,472,000 kg CO2e, and Scope 3 emissions reaching approximately 3,015,000 kg CO2e. This represents a notable increase from their 2023 emissions of about 3,270,000 kg CO2e, where Scope 1 was approximately 1,568,000 kg CO2e, Scope 2 (location-based) was about 2,715,000 kg CO2e, and Scope 3 was around 1,702,000 kg CO2e. Lloyds has set ambitious climate commitments, aiming for a net zero operational carbon footprint by 2025. This target includes a 29.4% absolute reduction in Scope 1 and Scope 2 emissions from 2019 levels by 2025. Additionally, they are focusing on 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 organisation's climate strategy is underpinned by a commitment to align with a 1.5 degrees Celsius scenario, reflecting their proactive approach to mitigating climate change impacts. Lloyds' emissions data is not cascaded from any parent organisation, ensuring that their reported figures are independently sourced.
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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 | 0,000,000 | 0,000,000 |
| Scope 2 | 35,908,000 | - | - | - | - | - | 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 | 0,000,000 | 0,000,000 |
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.
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.
