Lloyds Register

Lloyd's Register, headquartered in the UK, reported total greenhouse gas emissions of approximately 99,406,000 kg CO2e in 2020. This included Scope 1 emissions of about 2,844,490 kg CO2e, Scope 2 emissions (location-based) of around 3,792,880 kg CO2e, and Scope 3 emissions totalling approximately 92,769,000 kg CO2e. Key contributors to Scope 3 emissions were business travel at about 43,842,000 kg CO2e and purchased goods and services at approximately 34,761,000 kg CO2e.

Looking back, their emissions were significantly higher in previous years, with Scope 1 and 2 emissions combined reaching approximately 169,204,000 kg CO2e in 2015.

Lloyd's Register Group Limited has set ambitious Science Based Targets initiative (SBTi) commitments. They aim to achieve net-zero greenhouse gas emissions across their value chain by FY2050. Their near-term targets, from a FY2023 base year, include reducing absolute Scope 1 and 2 GHG emissions by 59% by FY2034. Additionally, they commit to reducing absolute Scope 3 GHG emissions from purchased goods and services and business travel by 35% within the same timeframe. For the long term, by FY2050 from a FY2023 base year, Lloyd's Register aims for a 90% reduction in absolute Scope 1 and 2 GHG emissions and a 90% reduction in absolute Scope 3 emissions. These targets are consistent with reductions required to keep warming to 1.5°C.