Carbon Reduction Plan for Financial Services Firms
Financial services firms - from accountancy practices to fintech businesses - bidding on HMRC, UKGI, or public sector financial advisory contracts need a Carbon Reduction Plan under PPN 006. CarbonVerified handles the low-carbon, high-travel footprint typical of financial services.
Emissions sources in Financial Services
Your Carbon Reduction Plan must quantify all material emission sources. Here are the typical sources for your sector.
Scope 1 – Direct Emissions
Emissions from sources you own or control directly.
- Company vehicles or grey fleet used for client visits and audits
- Gas heating in leased offices (where billed directly to your firm)
Scope 2 – Indirect Energy
Emissions from purchased electricity, heat, or steam.
- Office electricity consumption
- Electricity for on-premise servers or trading infrastructure
Scope 3 – Value Chain
Indirect emissions across your supply chain and activities.
- Employee commuting including hybrid working patterns
- Business travel - domestic and international flights, rail, taxis
- Cloud computing and data centre emissions (Scope 3 digital)
- Outsourced processing and third-party service providers
- IT hardware procurement and disposal
Every CRP submitted under PPN 006 must meet the same six-point standard regardless of sector — covering baseline footprint, net zero commitment, interim milestones, Scope 1 and 2 data, Scope 3 disclosure, and a signed director declaration. Full CRP requirements →
Common challenges for Financial Services suppliers
These are the data and reporting hurdles we see most often in this sector.
Business travel - particularly flights for international client and regulatory meetings - is typically the single largest emission source and hardest to reduce quickly
Most financial services firms lease their offices in multi-tenanted buildings where landlords do not provide itemised energy data
Cloud and data infrastructure emissions (Bloomberg terminals, trading systems, core banking platforms) are significant but largely invisible
Senior partners and directors with grey fleet use tend to underreport mileage through expense systems
Frequently asked questions
Create my free Carbon Reduction Plan
Answer a few questions about your Financial Services operations. We'll calculate your baseline footprint and generate a PPN 006-compliant CRP ready to publish.
- Set up in under 2 minutes
- DESNZ-aligned calculations
- Published, signed, PPN 006-ready
Related tools and guides
- PPN 006 Compliance Checker — check whether your existing CRP meets the standard
- Carbon Reduction Plan tool — generate a compliant, publishable CRP in minutes
- How CarbonVerified works — measure your full Scope 1, 2 and 3 emissions