LAZARD
Lazard Ltd, commonly known as Lazard, is a leading financial advisory and asset management firm headquartered in the United States. Established in 1848, Lazard has built a formidable reputation in the investment banking sector, with major operational regions spanning North America, Europe, and Asia. The firm excels in providing strategic financial advice, mergers and acquisitions (M&A) services, and asset management solutions, distinguishing itself through its deep industry expertise and global reach. Lazard's unique approach combines local insights with a worldwide perspective, enabling clients to navigate complex financial landscapes effectively. With a storied history and a commitment to excellence, Lazard has achieved notable milestones, solidifying its position as a trusted advisor to corporations, governments, and institutions worldwide.
DitchCarbon Score
How does LAZARD's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
LAZARD's score of 38 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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LAZARD's reported carbon emissions
In 2023, LAZARD reported total carbon emissions of approximately 25,125,000 kg CO2e. This figure includes 1,269,000 kg CO2e from Scope 1 emissions, 5,052,000 kg CO2e from Scope 2 emissions, and a significant 18,804,000 kg CO2e from Scope 3 emissions. This represents an increase from 2022, when total emissions were about 21,634,000 kg CO2e, with Scope 1 at 1,286,000 kg CO2e, Scope 2 at 5,232,000 kg CO2e, and Scope 3 at 15,116,000 kg CO2e. Over the past few years, LAZARD has seen fluctuations in its emissions. In 2021, total emissions were reported at approximately 8,219,000 kg CO2e, with Scope 1 at 1,565,000 kg CO2e, Scope 2 at 5,253,000 kg CO2e, and Scope 3 at 1,401,000 kg CO2e. The company’s emissions in 2020 were about 9,684,000 kg CO2e, and in 2019, they reached approximately 22,435,000 kg CO2e. Despite these figures, LAZARD has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The emissions data is sourced directly from LAZARD, Inc., with no cascading from a parent or related organization. Overall, LAZARD's emissions profile highlights the significant impact of Scope 3 emissions, which constitute the majority of their carbon footprint, underscoring the need for comprehensive strategies to address indirect emissions in their value chain.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,491,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 6,673,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
LAZARD is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
