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.
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.
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.
Lazard Group LLC's score of 25 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 Scope 3 emissions compared to 2020, where total emissions were approximately 14,998,000 kg CO2e, with Scope 1 at 1,564,000 kg CO2e and Scope 2 at 5,850,000 kg CO2e. 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., which is noted as the source organization for the CDP performance data at a cascade level of 3. Overall, while Lazard Group LLC has made strides in tracking its emissions, it currently lacks formal commitments to reduce its carbon footprint, positioning it within an industry context that increasingly prioritises sustainability and climate action.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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 Group LLC 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.