LSEG Climate Standard Implementation Framework

This document is a technical report detailing LSEG's Climate Standard, which outlines the organization's commitment to managing climate-related impacts, risks, and opportunities in alignment with the UK Government's commitment to the Paris Agreement. The report specifies minimum requirements, roles, and responsibilities for achieving several key outcomes, including the identification and management of climate-related impacts, the development of a Climate Transition Plan, and the monitoring and reduction of greenhouse gas emissions. It also discusses the execution of climate adaptation measures and the provision of sustainable finance products. The report emphasizes compliance with relevant laws and regulations, including the Companies Act and the Task Force on Climate-related Financial Disclosures. Additionally, it sets ambitious targets for emissions reduction and supplier engagement, while defining key concepts such as greenhouse gas emissions, carbon credits, and decarbonization levers. Governance structures for implementing the standard are also outlined, including the roles of the LSEG Board and various committees.