Lloyds Register
Lloyd's Register, often referred to as LR, is a global leader in engineering and technology services, headquartered in Great Britain. Founded in 1760, the company has a rich history of innovation and safety, primarily serving the maritime, oil and gas, and renewable energy sectors. With a presence in over 70 countries, Lloyd's Register is renowned for its commitment to enhancing safety and performance through rigorous risk management and compliance solutions. The company offers a diverse range of services, including classification, certification, and consultancy, which are distinguished by their technical expertise and industry knowledge. Lloyd's Register's dedication to sustainability and digital transformation positions it as a trusted partner in navigating the complexities of modern industry. Recognised for its pioneering role in setting safety standards, Lloyd's Register continues to uphold its reputation as a benchmark for quality and reliability in the global market.
DitchCarbon Score
How does Lloyds Register'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 Other Services 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
Lloyds Register's score of 44 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lloyds Register's reported carbon emissions
In 2023, Lloyds Register reported total carbon emissions of approximately 19,965,000 kg CO2e for Scope 1 and 2 combined, and about 117,832,000 kg CO2e for Scope 3 emissions. This reflects a significant focus on addressing their carbon footprint across all scopes, particularly in light of their ambitious climate commitments. Lloyds Register has set a target to achieve net-zero greenhouse gas emissions across its value chain by 2050. As part of their near-term strategy, they aim to reduce absolute Scope 1 and 2 emissions by 59% by 2034, using 2023 as the baseline year. Additionally, they plan to cut Scope 3 emissions from purchased goods and services and business travel by 35% within the same timeframe. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2050, again using 2023 as the reference year. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to meet the requirements for limiting global warming to 1.5°C. Lloyds Register's emissions data is cascaded from its parent organization, Lloyd’s Register Group Limited, which underscores their commitment to sustainability and accountability in their operations.
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| 2015 | 2016 | 2017 | 2018 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 6,930,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | - |
| Scope 2 | 162,274,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | - | - |
| Scope 3 | 17,739,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 000,000,000 |
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.
Lloyds Register is participating in some 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.
