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.
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.
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.
Lloyds Of London's score of 64 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Lloyds of London reported total carbon emissions of approximately 4,278,000 kg CO2e, with emissions distributed across various scopes: 1,263,000 kg CO2e from Scope 1, 2,472,000 kg CO2e from Scope 2, and 3,015,000 kg CO2e from Scope 3. This reflects a significant commitment to transparency in their carbon footprint, as they disclose emissions across all three scopes. Lloyds has set ambitious climate commitments, aiming for net zero operational carbon emissions by 2025. This target encompasses both Scope 1 and Scope 2 emissions, with a specific goal of achieving a 29.4% absolute reduction in emissions by 2025, based on a 1.5 degrees Celsius scenario. Additionally, they are targeting a 20% reduction in energy consumption across their portfolio by the end of 2025. The organisation's proactive approach includes initiatives to support a 10% reduction in emissions associated with employee commuting by 2025. Lloyds is also focused on improving energy performance ratings at their London offices, aiming for a rating of C by 2027 and B by 2030. Overall, Lloyds of London is actively working towards reducing its carbon emissions and enhancing sustainability practices, aligning with global climate goals and demonstrating leadership in the insurance industry.
Access structured emissions data, company-specific emission factors, and source documents
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 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 35,908,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
Scope 3 | 11,166,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.