MASHINIi

London Stock Exchange Group plc.

LSE.LSE | Administration of financial markets

London Stock Exchange Group plc (LSEG) is a global financial markets infrastructure and data provider. The company operates exchanges, clearing houses, and provides data and analytics services. Its exchanges include the London Stock Exchange, Borsa Italiana, and Turquoise. LSEG's clearing houses pro...Show More

Ethical Profile

Mixed.

London Stock Exchange Group (LSEG) faces scrutiny, with activists protesting its role in facilitating investments in companies allegedly supplying arms to Israel. Concerns also arose over proposed CEO pay increases and gender pay disparities, as women hold only 32% of top quartile positions. Despite these, LSEG is a Living Wage employer and achieved 40% female senior leadership by 2022. The company made significant environmental strides, reducing its carbon footprint by 47% and using 99.7% renewable electricity in 2024. Its Sustainable Bond Market raised over £64 billion in 2023 for green businesses. LSEG maintains a 'Low Risk' ESG rating from Sustainalytics and adheres to Responsible AI Principles.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing-20
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons-40
-100100
Planet-Friendly Business-30
-100100
Respect for Cultures & Communities10
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products-10
-100100

Better Health for All

0

LSEG's core business as a global financial markets infrastructure and data provider does not directly involve health-related products or services. Consequently, its principal goods and services have no significant positive or negative health impact, and it generates no revenue from products with direct negative health outcomes. The company's financial products do not carry direct safety implications for users, nor do they have addiction potential or require health risk disclosures. LSEG's R&D is not focused on health outcomes, and its operations do not generate significant health externalities. The company does not offer health-related products requiring price accessibility considerations, nor does it collect or manage health-related data as a core business function. Furthermore, LSEG is not a pharmaceutical or food company, and it does not conduct clinical trials or engage in health education initiatives. While the LSEG Foundation supports vulnerable communities with food security and disaster relief, the provided evidence does not offer the specific quantitative data (e.g., percentage of revenue or population reached) required to score the 'vulnerable_reach', 'health_equity_programs', or 'global_health_crisis_response' KPIs. Internal employee wellness programs, such as mental health support and ergonomic assessments, are excluded as they pertain to workplace standards, not the broader 'Better Health for All' value.

Fair Money & Economic Opportunity

0

LSEG operates as a financial markets infrastructure and data provider, serving financial institutions, corporations, and governments, rather than individual consumers with lending or deposit services.

1
Consequently, KPIs related to consumer financial products, such as underserved client share, pricing fairness, exploitative fee exposure, data accessibility, fair lending compliance, wealth building outcome, debt burden ratio, geographic inclusion, and product simplicity, are not applicable to its core business model and score 0. While LSEG has initiatives like the ELITE program supporting SMEs
2
and the LSEG Foundation supporting 744 enterprises and 111,099 people with financial literacy in 2024,
3
these cannot be scored against KPIs requiring a "share of loan/insurance book" or a "percentage of customers" due to the nature of LSEG's business and the specific metrics provided. Information on the percentage of pre-tax profit reinvested is also not available.

Fair Pay & Worker Respect

20

LSEG's CEO to median employee pay ratio was 64:1 in 2024 (50th percentile).

1
The non-identifiable gender pay gap was 1.4% in favor of men in 2024, meaning women earn 98.6% of men's pay in comparable roles.
2
The non-identifiable ethnicity pay gap in the UK and US was -0.3% in favor of underrepresented ethnic groups in 2024, and LSEG's pay structures analysis is certified by UNIVERSAL FAIR PAY CHECK®.
3
,
4
In 2024, 13% of colleagues were covered by collective bargaining agreements.
5
The employee engagement score was 74 in 2024, with an 81% participation rate.
6
Voluntary employee turnover was 8.3% in 2024.
7
In 2024, there were zero Speak Up reports resulting in fines, penalties, or compensation for damages, and zero convictions for violation of anti-corruption and anti-bribery laws.
8
100% of colleagues had access to health care coverage in 2024.
9

Fair Trade & Ethical Sourcing

-20

As a financial markets infrastructure and data provider, LSEG does not procure or trade physical commodities, resulting in N/A scores for fair trade certification share and high-risk materials spend. LSEG includes contractual terms related to human rights in 100% of its supplier contracts.

1
However, the company did not carry out any social audits of its supply chain during 2024
2
and does not engage with suppliers or professional auditors for monitoring working conditions.
3
No actual harms related to modern slavery or child labour were identified in 2024,
4
and no modern slavery risks were identified in 2023 within its operations or supply chains.
5
Additionally, zero whistleblowing complaints regarding human rights were reported.
6
In 2024, 89% of cases raised through LSEG's Speak Up Policy were closed within 90 days.
7

Honest & Fair Business

0

LSEG has a dedicated, globally applicable anti-bribery and corruption policy aligned with the UK Bribery Act and US FCPA, maintaining a zero-tolerance stance backed by the Board and Executive Committee.

1
This policy includes risk assessments, preventative/detective controls, and appropriate third-party due diligence.
2
Mandatory annual training on financial crime, including bribery and corruption, achieved a 99.9% completion rate in 2024.
3
The company reported zero convictions or fines for anti-corruption and anti-bribery violations in 2023 and 2024.
4
LSEG also operates a 'Speak Up Policy' for employees, contractors, and third parties, offering protection from retaliation.
5
This policy includes a confidential, 24/7 hotline and online reporting service managed by independent third parties, allowing anonymous reporting.
6
Reports are acknowledged within seven days and investigated, with all whistleblowing reports reviewed by the Audit Committee.
7
In 2024, 201 cases were raised through the Speak Up Policy.
8
The board comprises 12 directors, with 7 explicitly identified as independent Non-Executive Directors, representing 58.33% of the board.
9

Kind to Animals

0

The provided articles do not contain specific, concrete data points regarding LSE.LSE's direct involvement in animal-related activities, animal testing, animal-derived products, or specific animal welfare policies. For all relevant KPIs, the articles consistently state 'no explicit mention,' 'no data found,' or 'not applicable.'

1
Therefore, no KPIs related to the 'Kind to Animals' value can be scored based on the available evidence.

No War, No Weapons

-40

LSEG has a policy not to do business with sanctioned entities

1
, utilizing World-Check for screening counterparty legal entity identifiers (LEI) against sanctions data
2
and monitoring over 300 sanction programs 24/7
3
, supported by ISAE 3000 design-effectiveness certification
4
. The company states it does not condone or facilitate proliferation financing for chemical, biological, radiological, or nuclear weapons
5
, implying no known exposure through its direct actions. LSEG is a signatory of the UN Global Compact
6
and aligns its human rights policies with international standards
7
. Its Supplier Code of Conduct covers labor and human rights
8
, with a zero-tolerance policy for modern slavery and forced labor
9
; however, no social audits were conducted in 2023
10
. A human rights risk assessment was conducted in 2024
11
, with plans for repetition every three years
12
.

Planet-Friendly Business

-30

LSEG reported a total carbon footprint of 430,398 tCO₂e in 2024, representing a 47% reduction from the previous year.

1
Its near-term science-based targets, approved by SBTi in December 2021, are aligned with a 1.5°C pathway, and progress against these targets is publicly reported.
2
The company sourced 99.7% of its operational electricity from renewables in 2024, inclusive of Energy Attribute Certificates.
3
The waste diversion rate for 2024 was 53%.
4
In 2024, 43% of emissions within the procurement glidepath were based on reported data.
5
Furthermore, 51% of emissions from purchased goods and services were covered by science-based targets in 2024.
6
LSEG has fully implemented the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), integrating TCFD-aligned disclosures into its annual reporting and including updated carbon pricing scenario analysis.
7
LSEG has an ambition to reach net zero by 2040, though this is not an SBTi-approved target.
8

Respect for Cultures & Communities

10

LSEG's FTSE Russell business is subject to a complaint filed with the UK National Contact Point (NCP) in February 2024, alleging breaches of OECD Guidelines due to its business relationships with at least 17 companies linked to the Myanmar military.

1
Complainants specifically requested that FTSE Russell establish an accessible and effective grievance mechanism for community concerns, indicating a lack of such a mechanism for the impacted community.
2
This formal complaint suggests a reactive response to a significant cultural or human rights incident. In contrast, LSEG's Foundation has 134 charity partners, and 99.9% of colleagues completed the annual Code of Conduct training, which emphasizes cultural sensitivity and community engagement.
3
The company's Code of Conduct is available in 10 languages.
4
No cultural appropriation incidents or cultural impact assessment protocols were reported, which aligns with the nature of LSEG's financial markets and data provider business model.
5

Safe & Smart Tech

-10

LSEG experienced a significant data breach in March 2024, where a financially motivated hacking group stole 5.3 million records from its World-Check screening database.

1
This database contains sensitive information, including details on suspected terrorists, individuals associated with organized crime, and government officials.
2
The World-Check database has also faced previous data compromises since it was first established in 2014.
3
LSEG has established Responsible AI Principles, detailed in February 2025, which are informed by frameworks like the US National Institute of Standards and Technology’s AI Risk Management Framework, covering aspects such as accuracy, accountability, safety, security, interpretability, privacy, and fairness.
4
For vulnerability disclosure, LME, a subsidiary of LSEG, has a policy to acknowledge vulnerability reports within 48 working hours, but it does not currently offer a paid bug bounty program.
5
LSEG states it complies with statutory and regulatory requirements in its operating jurisdictions and supports more rigorous parameters for managing intellectual property and digital rights.
6

Zero Waste & Sustainable Products

-10

The company's waste recycled percentage was 53% in 2024.

1
It reported producing 0 metric tonnes of hazardous waste in both 2023 and 2024.
2

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.