Lloyds Register

Lloyd's Register, headquartered in GB and operating in the 'Other services (93)' industry, reported approximately 99.4 million kg CO2e in total emissions for the year 2020. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

Breaking down the 2020 emissions:

• Scope 1 emissions totalled approximately 2.8 million kg CO2e, primarily from mobile combustion and fugitive emissions.
• Scope 2 emissions (location-based) were approximately 3.8 million kg CO2e.
• Scope 3 emissions constituted the largest portion, at approximately 92.8 million kg CO2e, with significant contributions from purchased goods and services (approximately 34.8 million kg CO2e) and business travel (approximately 43.8 million kg CO2e).

Lloyd's Register has established ambitious climate commitments and reduction targets. The organisation commits to:

• Reducing absolute Scope 1 and 2 GHG emissions by 63% by FY2034/35 from a FY2019/20 base year. This target is aligned with keeping warming to 1.5°C.
• Reducing absolute Scope 3 GHG emissions from purchased goods and services and business travel by 37.5% within the same timeframe.

Furthermore, Lloyd's Register Group Limited has committed to reaching net-zero greenhouse gas emissions across its value chain by FY2050. This overarching net-zero goal is supported by near-term targets, including a commitment to reduce absolute Scope 1 and 2 GHG emissions by 59% by FY2034 from a FY2023 base year, and a 35% reduction in absolute Scope 3 emissions from purchased goods and services and business travel over the same period. Long-term targets involve reducing absolute Scope 1 and 2 emissions by 90% by FY2050 from a FY2023 base year, with a corresponding 90% reduction in absolute Scope 3 emissions.

The emissions data for Lloyd's Register is cascaded from its parent organisation, Lloyd’s Register Group Limited.