Climate Essentials · Financial Services

Carbon accounting for
financial services.

FCA guidelines, UK SRS and SECR mean financial services firms need clear, auditable emissions data. Shareholders and clients increasingly expect transparency around the carbon intensity of your operations and investments. Climate Essentials helps you measure, report and communicate with confidence.

What regulators, investors and clients expect:

  • UK SRS-aligned sustainability disclosure
  • SECR-compliant energy and emissions reporting
  • Optional PCAF reporting for investor and client transparency
Aligned with · GHG Protocol · DEFRA factors · UK SRS · SECR
>1000 UK organisations measured
GHG Protocol Aligned
From £132 per year
The Climate Essentials platform showing carbon footprint tracking and UK SRS reporting for a financial services firm
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Trusted & verified
B Corp Certified
Verified social & environmental performance
CCS G-Cloud
UK public sector approved supplier
Cyber Essentials
UK government security standard
CAA Founding Member
Carbon Accounting Alliance since 2023
How Climate Essentials helps

Carbon reporting built for financial services

Six ways we help financial services firms measure, report and manage operational and supply chain emissions.

Measure your operational footprint

Track emissions across offices, branches, data centres, business travel, employee commuting and purchased goods and services. The platform consolidates everything into a single, auditable view using DEFRA conversion factors and GHG Protocol methodology.

UK SRS and SECR reporting, handled

Produce SECR-compliant energy and emissions disclosures, Carbon Reduction Plans for PPN 006 tenders, and outputs aligned with UK Sustainability Reporting Standards. The platform formats the reports so your compliance team does not need to build them from scratch.

Respond to investor and client requests

Shareholders, institutional investors and corporate clients increasingly ask for carbon data as part of due diligence, ESG assessments and procurement. Your numbers are always measured, current and exportable, so you can respond with confidence rather than estimates.

Track supply chain and outsourced services

Financial services firms rely heavily on outsourced IT, facilities management, professional services and technology providers. Track Scope 3 emissions across your supply chain using spend-based estimates or primary supplier data through our supply chain platform.

Financed emissions and PCAF readiness

For firms looking to go beyond operational emissions, our managed services team can support PCAF-aligned measurement of financed emissions. This is increasingly relevant for banks, asset managers and insurers facing UK SRS disclosure requirements that extend to investment portfolios.

Available as managed service

Build a credible reduction plan

Identify your highest-emission areas across offices, travel, IT and procurement. Create realistic reduction actions, track progress year on year, and produce evidence of improvement for regulators, investors and board reporting.

Why financial services firms are measuring carbon

Four reasons to act now

Regulation is tightening

SECR already requires qualifying firms to disclose energy use and emissions. UK SRS is expanding mandatory sustainability disclosure for listed and large companies, replacing TCFD with more granular requirements including Scope 3. The FCA expects climate-related financial disclosures from regulated firms. These obligations are current, not future.

Investors and shareholders expect transparency

Institutional investors, shareholders and corporate clients are requesting greater insight into the carbon intensity of your operations and services. Having auditable emissions data ready means you can respond to ESG assessments and due diligence requests with data, not disclaimers.

Climate risk is financial risk

Measuring emissions is the starting point for understanding your exposure to climate-related risk. Whether that risk sits in your operations, your supply chain or your investment portfolio, you cannot manage what you have not measured. Carbon data is increasingly a governance requirement, not just an environmental one.

Differentiate your firm

As ESG criteria become embedded in procurement and client selection, firms with verified carbon data and a documented reduction plan stand out. When clients and partners are choosing between providers, credible sustainability credentials increasingly tip the balance.

How we work with you

Three ways to get carbon accounting done.

From self-serve software to fully managed reporting, choose the level of support that matches where your business is.

Software

Climate Essentials for Business

The core carbon accounting platform. Designed for businesses to measure, track and report their own emissions.

  • Scope 1, 2 and 3 measurement
  • GHG Protocol compliant
  • PPN 006 Carbon Reduction Plans
  • Clear visual dashboards
  • Monthly educational webinars
From £132/year
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Most chosen

Managed Service

Hand it over. Our team manages your carbon accounting end-to-end so you can focus on running the business.

  • Dedicated climate expert assigned
  • End-to-end data management
  • PPN 006 report turnaround in 5 days
  • Platform and community access included
  • Verified carbon report and badge
Bespoke quotes
Assurance

Verification Service

Independent verification of your carbon footprint, reductions and offsets, to procurement and investor standard.

  • Independent footprint verification
  • Verified Carbon Footprint badge
  • Verification statement report
  • Stakeholder-ready documentation
  • Reduction and offset assurance
Bespoke quotes
Frequently asked

Questions financial services firms actually ask us.

UK SRS, SECR, PCAF, FCA expectations, answered plainly.

Do financial services firms need to measure their carbon footprint?

In most cases, yes. If your firm qualifies for SECR, you already have a legal obligation to disclose energy use and carbon emissions. The FCA expects climate-related financial disclosures from regulated firms. And UK SRS is expanding mandatory sustainability reporting for listed and large companies, with Scope 3 disclosure requirements that go well beyond what TCFD previously asked for.

Even where regulation does not yet apply directly, investors, shareholders and corporate clients are increasingly including carbon data in their due diligence and supplier assessments.

What is UK SRS and how does it differ from TCFD?

UK SRS (UK Sustainability Reporting Standards) is the UK's implementation of the international ISSB standards (IFRS S1 and S2). It is replacing the TCFD framework that UK-listed companies previously reported against.

The biggest practical change is that Scope 3 emissions disclosure becomes mandatory, with much greater detail required than under TCFD. UK SRS also requires more granular climate risk assessment, transition planning and governance disclosure. Climate Essentials helps you build the emissions data foundation that UK SRS reporting requires.

What emissions should a financial services firm measure?

For operational emissions, financial services firms typically need to measure office and branch energy (electricity, gas, heating), data centres or cloud computing, business travel (flights, rail, taxis, hotels), employee commuting, purchased goods and services, outsourced IT and facilities management, and waste.

The platform uses DEFRA conversion factors and supports spend-based, activity-based and hybrid calculation methods. You can start with whatever data you have and improve accuracy over time as your data collection matures.

Can you support PCAF-aligned financed emissions reporting?

Yes. PCAF (Partnership for Carbon Accounting Financials) is the leading methodology for measuring emissions associated with loans, investments and insurance portfolios. As part of our Managed Service, our team can support PCAF-aligned measurement of financed emissions alongside your operational footprint.

This is increasingly relevant for banks, asset managers, insurers and wealth managers facing UK SRS disclosure requirements that extend beyond operational emissions to include the carbon intensity of investment and lending portfolios. Our managed services team works with you to identify the relevant asset classes, source the data and produce reporting that meets PCAF methodology standards.

Our investors are asking for carbon data. Can you help us respond?

Yes. This is one of the most common reasons financial services firms come to us. Once your footprint is measured, the platform generates reports and data exports you can use to respond to ESG assessments, investor questionnaires, shareholder requests and client due diligence.

With the Managed Service, our team can also help you prepare responses to specific investor or regulatory requests. Your data is always current, always exportable and always audit-ready.

We do not have a sustainability team. Can we manage this internally?

Yes. The platform is designed for someone in finance, compliance or operations to complete a full operational carbon footprint and SECR-compliant disclosure without specialist sustainability knowledge.

If you would prefer it handled externally, the Managed Service puts a dedicated climate consultant on your account. They collect your data, build your footprint, produce your reports, handle your SECR narrative and can support PCAF-aligned financed emissions analysis where needed.

What does it cost?

The self-serve platform starts from £132 per year for operational emissions measurement. For context, most sustainability consultancies charge £5,000 to £25,000 for an initial carbon footprint and SECR-compliant report.

The Managed Service (including PCAF support where needed), Verification and Supply Chain platform are available at tailored quotes. All are priced to be accessible for financial services firms of all sizes, from boutique practices to mid-market institutions.

How long does it take to get our first footprint and report?

For operational emissions on the self-serve platform, most financial services firms complete their first footprint within one to three weeks depending on data availability. Service-based businesses typically have simpler operational footprints than manufacturing, so the process is usually faster.

With the Managed Service, our team typically delivers a complete operational footprint and SECR-compliant report within 5 working days. PCAF-aligned financed emissions analysis requires additional time depending on the complexity and number of asset classes involved, and is scoped on a case-by-case basis.

Ready when you are

Understand what you need to report, using your own data.

Book a 30-minute demo. We’ll show you how Climate Essentials helps you with your decarbonisation journey across your operations and portfolio./p>

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