Carbon Reduction

The Corporation of Lloyd’s most significant environmental impact is through the Lloyd’s Building in the City of London. This houses the Lloyd’s Underwriting Room, as well as over 60% of Corporation of Lloyd’s employees.

We aim to reduce our environmental footprint through a combination of environmental and energy reducing activities. These include:

• Our Environment Working Group, which meets regularly to review our progress against an environmental action plan which covers issues such as waste, transport, energy and procurement.
• Energy saving initiatives – our Property Services team continue to seek ways to reduce our electricity consumption and its associated carbon emissions in the Lloyd's Building and achieved a 16% reduction over the last four years. We hope to achieve a further 0.5% reduction in 2013.
• 100% renewable electricity – we purchase renewable energy for our main office locations in London and Kent.
• Recycling and waste reduction initiatives – in January 2012 we launched our zero waste to lanfill strategy which means we now have a target to recycle over 85% of the waste from our UK offices. The Corporation’s recycling performance one year on from the launch was 85% in London and 89% in our Chatham office.
• Transport – video-conferencing technology has been introduced in our UK and international offices to offer an alternative to air travel.