Financial services

London Pension Funds Authority

LPFA is the largest local government pension provider that sees the benefits of long term sustainability and environmental resilience.
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Certified
1 year

Financial services sustainability London

Highlights

Measure

Total carbon footprint

Reporting Boundary: London Pensions
Authority Fund Office, 169 Union Street, London, SE11 0LL

Emission sources: Electricity, T&D losses,
natural gas, water, waste, business travel,
homeworking (excluded from footprint)

Reporting Period: : 1 Apr 2020 – 31 Mar 2021

17.2 tC0₂e

Total carbon footprint per employee

2.2 tC0₂e

Carbon reduction per employee

-41.4%

Engage

FTE employees

We engage our employees and wider stakeholders to unlock their talent and knowledge to drive year on year progress in sustainability.

8

Communicate

UN Sustainable Development Goals

We recognise that transparent communication is essential for transformational change and we quantifiably contribute to 6 SDG’s.

6

Certification story

The London Pensions Fund Authority (LPFA), the largest local government pension provider in London responsible for the pension provision for around 19,489 employees, has achieved the Planet Mark. 

This is LPFA’s second year of business carbon footprint reporting and certification to Planet Mark. This year LPFA has calculated the carbon footprint of their London office operations for the year ending March 2020 and set a target to reduce emissions by 5% annually. 

Steve Malkin
CEO
Planet Mark
“The organisation has already made big steps in seeking to divest from environmentally damaging investments, and I’m pleased to see them combine this with an effort to reduce their carbon footprint closer to home. LPFA’s forward-thinking mentality is commendable and will reap environmental and financial benefits for their customers. I look forward to working on the next steps of the path toward sustainability with them.”

Certification story

In addition to its pledge to reduce carbon, LPFA has a long-standing commitment to responsible investment (RI). Its proactive approach to addressing environmental, social and governance (ESG) issues in our investment policies has been developed over several years and continues to evolve. LFPA has committed to not considering new active investments in fossil fuel companies that ignore the risks of climate change. It is also making all reasonable efforts to divest, provided that this will result in no material financial detriment to its clients.  

It is time for finance to back the transition to a sustainable, resilient future for all. Sustainable finance represents a significant commercial opportunity as well as a chance to act positively for the planet. But positive change must start within a business. Demonstrating a business’ own environmental credentials is an integral part of a mature sustainability offering for customers. To properly engage with this emerging market, companies working in finance must establish a rigorous sustainability policy. 

Future targets

Reduce carbon footprint by 5% annually

As part of the Planet Mark certification, London Pensions Fund Authority has committed to making a year-on-year reduction.

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