- Data availability and data quality challenges in emissions accounting, particularly for Scope 3 emissions.
- Need to support market participants in evolving and embedding their own sustainability strategies.
Society of Lloyd's
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Society of Lloyd's disclosed greenhouse gas emissions of 5.9K tCO2e (location based); 3364 tCO2e (market based). By scope: Scope 1: 1.6K tCO2e; Scope 2: 3.1K tCO2e (location based); 0 tCO2e (market based); Scope 3: 1.4K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
5.9K tCO2e (location based); 3364 tCO2e (market based)
2023
Renewable Energy
100% for London and Chatham office
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.6K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.1K tCO2e (location based); 0 tCO2e (market based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.4K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 5.9K tCO2e (location based); 3364 tCO2e (market based) |
| 2022 | 750 tCO2e (location based), 792 tCO2e (market based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 33% reduction in global carbon emissions per FTE since 2019
- 100% of electricity purchased for London and Chatham office is renewable
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase impact investments to 10% of Central Fund assets by 2025
📅 Medium-term
- Achieve an EPC rating of ‘C’ by 2027 and ‘B’ by 2030 for London offices
🔭 Long-term
- Ambition for Lloyd’s to be the specialist (re)insurance marketplace to enable a just transition to net zero globally.
🌱 ESG Focus Areas
SustainabilityResilienceInclusion