Lazard Group LLC Sustainability Profile
Lazard Group LLC, commonly referred to as Lazard, is a leading financial advisory and asset management firm headquartered in the United States. Established in 1848, Lazard has built a strong reputation in the investment banking sector, with significant operations across North America, Europe, Asia, and beyond. 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 consistently maintained a prominent market position, recognised for its innovative strategies and successful client outcomes in the competitive financial services industry.
DitchCarbon Score
How does Lazard Group LLC'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 Group LLC's score of 25 is lower than 66% 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 Group LLC's reported carbon emissions
In 2021, Lazard Group LLC reported total carbon emissions of approximately 15,636,000 kg CO2e, comprising 1,565,000 kg CO2e from Scope 1, 5,253,000 kg CO2e from Scope 2, and 14,036,000 kg CO2e from Scope 3 emissions, which included about 1,401,000 kg CO2e from employee commuting. This data reflects a slight decrease in emissions from 2020, where total emissions were approximately 14,998,000 kg CO2e, with Scope 1 at 1,564,000 kg CO2e, Scope 2 at 5,850,000 kg CO2e, and Scope 3 at 14,998,000 kg CO2e, including 2,270,000 kg CO2e from employee commuting. Lazard Group LLC has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. The emissions data is cascaded from its parent company, Lazard, Inc., reflecting the broader corporate family's commitment to transparency in climate reporting. Overall, while Lazard Group LLC has shown some progress in managing its emissions, the lack of formal reduction targets suggests an opportunity for further commitment to climate action.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 1,533,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 6,515,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 16,195,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Lazard Group LLC's Industry?
How Carbon Intensive is Lazard Group LLC's Location?
Lazard Group LLC's Scope 3 Categories Breakdown
Lazard Group LLC's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 13% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 67% of total emissions under the GHG Protocol, with "Employee Commuting" being the primary emissions source at 10% of Scope 3 emissions.
Top Scope 3 Categories
Lazard Group LLC'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 Group LLC 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.
