Mishcon De Reya

Mishcon de Reya LLP: Carbon Emissions and Climate Commitments

For the fiscal year 2024, Mishcon de Reya LLP reported a total of approximately 4.9 million kg CO2e in greenhouse gas emissions. This figure is comprised of approximately 518,900 kg CO2e for Scope 1 emissions and approximately 90,800 kg CO2e for Scope 2 emissions (market-based). Scope 3 emissions accounted for the largest portion, totalling approximately 4.3 million kg CO2e. Within Scope 3, purchased goods and services were the largest contributor (approximately 1.76 million kg CO2e), followed by business travel (approximately 1.31 million kg CO2e) and employee commute (approximately 751,100 kg CO2e).

In 2023, the firm's total emissions were approximately 5.4 million kg CO2e. This included approximately 452,700 kg CO2e for Scope 1 emissions and approximately 91,400 kg CO2e for Scope 2 emissions (market-based). Scope 3 emissions amounted to approximately 4.89 million kg CO2e, with purchased goods and services contributing approximately 2.62 million kg CO2e and business travel approximately 1.33 million kg CO2e.

Climate Commitments and Targets:

Mishcon de Reya LLP has established ambitious climate targets, validated by the Science Based Targets initiative (SBTi). The firm is committed to:

• Near-Term Target: Reducing absolute Scope 1, 2, and 3 GHG emissions by 42% by Fiscal Year 2030, using a Fiscal Year 2020 baseline.
• Long-Term Target: Achieving a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by Fiscal Year 2050, also from a Fiscal Year 2020 baseline.
• Net-Zero Commitment: Reaching net-zero greenhouse gas emissions across the value chain by Fiscal Year 2050, neutralising any remaining residual emissions in the net-zero target year.

These targets are aligned with a trajectory to limit global warming to 1.5°C.