Lazard Asset Management Sustainability Profile
Lazard Asset Management, a prominent player in the global investment landscape, is headquartered in the United States, with significant operations across Europe, Asia, and other key markets. Founded in 1848, the firm has established a rich history of providing innovative investment solutions, focusing on equity, fixed income, and alternative strategies. Lazard's unique approach combines deep local insights with a global perspective, enabling clients to navigate complex financial environments effectively. The firm is renowned for its commitment to active management and its ability to deliver tailored investment strategies that align with client objectives. With a strong market position, Lazard Asset Management has garnered recognition for its performance and client-centric philosophy, making it a trusted partner for institutional and individual investors alike.
DitchCarbon Score
How does Lazard Asset Management'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 Asset Management's score of 33 is higher than 53% 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 Asset Management's reported carbon emissions
In 2024, Lazard Asset Management reported total carbon emissions of approximately 810,000,000 kg CO2e, with significant contributions from Scope 3 emissions, particularly business travel, which accounted for about 691,000,000 kg CO2e. This represents a decrease from 2023, where total emissions were approximately 861,000,000 kg CO2e, with business travel emissions at about 737,000,000 kg CO2e. Lazard has set ambitious climate commitments, aiming for carbon neutrality in Scope 1 and 2 emissions by 2030, and Scope 3 emissions by 2050. These targets include the use of offsets and are part of their broader strategy to achieve net zero emissions by 2050 across all scopes. This commitment is reinforced by their participation in the Net Zero Asset Managers initiative, which they joined in March 2021. The emissions data for Lazard Asset Management is cascaded from its parent company, Lazard Asset Management LLC, and reflects their ongoing efforts to engage with companies to drive decarbonisation and invest in technology solutions that facilitate the energy transition.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 6,515,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 14,387,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Lazard Asset Management's Industry?
How Carbon Intensive is Lazard Asset Management's Location?
Lazard Asset Management's Scope 3 Categories Breakdown
Lazard Asset Management's Scope 3 emissions, which increased by 979% last year and increased by approximately 5% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Lazard Asset Management's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Lazard Asset Management has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
