Science Based Targets Initiative - Reporting
The Leathersellers’ net-zero targets are validated by the Science Based Targets initiative (SBTi), an organisation providing certification of clearly defined pathways to reduce carbon emissions and limit global warming.
Reporting requirements can be found on this page. Our participation can be verified here
SBTi news and updates
Leathersellers significantly reduce carbon emissions across investment portfolio
Leathersellers have decarbonised their investment portfolio as part of a commitment to SBTi carbon emissions targets.
Read moreThe Leathersellers join the Science Based Targets initiative
The Leathersellers’ net-zero targets have been validated by the Science Based Targets initiative (SBTi), an organisation providing certification of clearly defined pathways to reduce carbon emissions and limit global warming.
Read more
“Our commitment to the Science Based Targets initiative speaks to the importance of our roles as stewards. From our membership to our historical and cultural assets there is an expectation that we must pass on a better organisation – an ambition we have endeavoured to achieve from our home in the City of London for 600 years. Our net-zero targets recognise that environmental security is a significant factor in the accomplishment of our long-term objectives and helps us plan, sustainably, for the future.”
Nicholas Tusting, Past Master of the Leathersellers
Carbon Emissions Reporting Data
Carbon emissions figures are updated annually.
| CARBON EMISSIONS REPORTING DATA 2021-2024 | ||||
| tCO2e | 2021 | 2022 | 2023 | 2024 |
| Scope 1 | 180 | 240 | 236 | 252 |
| Scope 2 | 48 | 55 | 77 | 14 |
| Scope 3 (operations and employees) | 81 | N/A | 118 | 118 |
| Scope 3 (properties) | 3,887 | N/A | 4,326 | 4,326 |
| Scope 3 (investments) | 11,382 | 2,995 | 1,870 | 2,759 |
| Total | 15,530 | 3,235 | 6,550 | 7,469 |
Summary analysis
Scope 1 and 2 emissions (Scope 1. Direct emissions. Scope 2. Electricity consumption, renewable, and non-renewable energy) were calculated to fulfil the 2024 reporting requirements of the SBTi.
Scope 1 and 2 property emissions increased by 6% compared with 2023. This was principally driven by higher refrigerant top up during this period.
The Leathersellers’ Science Based Target requires a 42% reduction in Scope 1 and 2 emissions by 2030 from a 2023 baseline.
With both corporate and Foundation investment portfolios now under active ESG management, short- and longer-term strategies are being explored for reducing Scope 1 and Scope 2 emissions, such as 100% renewable and biogas electricity tariffs.
The full effect of the ESG investment consolidation on total carbon emissions will be included as part of the next SBTi reporting year.