Lazard Group LLC
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 23 is lower than 79% 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. The Scope 3 emissions included significant contributions from employee commuting, which accounted for about 1,401,000 kg CO2e. In 2020, the firm recorded total emissions of around 14,998,000 kg CO2e, with Scope 1 emissions at 1,564,000 kg CO2e, Scope 2 at 5,850,000 kg CO2e, and Scope 3 emissions at 14,998,000 kg CO2e, including 2,270,000 kg CO2e from employee commuting. The 2019 emissions data indicated a total of approximately 16,195,000 kg CO2e, with Scope 1 emissions at 1,533,000 kg CO2e, Scope 2 at 6,515,000 kg CO2e, and Scope 3 emissions reaching 16,195,000 kg CO2e, where employee commuting was a significant factor at 14,387,000 kg CO2e. Despite these figures, Lazard has not publicly disclosed specific reduction targets or initiatives related to carbon emissions, nor have they committed to the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for further commitment to climate action within the financial services sector.
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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 |
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 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.
