Public Profile

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.

38

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.

26

Industry Benchmark

LAZARD's score of 38 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.

87%

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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. Over the years, LAZARD has shown fluctuations in its emissions. For instance, in 2022, 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. In 2021, total emissions were approximately 8,219,000 kg CO2e, indicating a notable reduction in emissions compared to previous years. Despite these figures, LAZARD has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction goals suggests a need for further commitment to climate action within the financial services sector. Overall, while LAZARD has made strides in tracking its emissions, the lack of clear reduction targets highlights an opportunity for the organisation to enhance its climate commitments and align with industry standards for sustainability.

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20162017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. LAZARD's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for LAZARD is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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