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Lloyd's Register, often referred to simply as LR, is a prominent entity in the "Other services (93)" industry, headquartered in Great Britain. Established in 1760, the organisation has a rich history of providing essential services in maritime, energy, and transportation sectors. With a global presence, Lloyd's Register operates in key regions including Europe, Asia, and the Americas.
The company is renowned for its core offerings, which include risk management, certification, and compliance services, tailored to enhance safety and performance across various industries. Lloyd's Register's commitment to innovation and sustainability sets it apart, as it continually adapts to meet the evolving needs of its clients. Recognised for its expertise, the organisation holds a strong market position, contributing significantly to industry standards and best practices.
48
DitchCarbon score
+24 vs industry average
Lloyds Register’s score of 48 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Medium
Other Services has typical carbon intensity
Industry performance
0.200
20182025
The Other Services industry has reduced its overall emissions by 37% since 2018
Emissions trajectory 2020 – 2023
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Lloyds Register's reported carbon emissions
Lloyd's Register, a UK-headquartered professional services provider, reported total carbon emissions of approximately 99.4 million kg CO2e in 2020. This included 2.8 million kg CO2e from Scope 1 emissions, 3.8 million kg CO2e from location-based Scope 2 emissions, and 92.8 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions were business travel (43.8 million kg CO2e) and purchased goods and services (34.8 million kg CO2e).
Looking back, Lloyd's Register's emissions have seen fluctuations. In 2018, the company reported approximately 7.6 million kg CO2e in Scope 1 emissions, 127.0 million kg CO2e in Scope 2, and 80.7 million kg CO2e in Scope 3.
Lloyd's Register has set ambitious, Science Based Targets initiative (SBTi) validated reduction targets, which are cascaded from its ultimate parent, Lloyd’s Register Group Limited. The company commits to achieving net-zero greenhouse gas emissions across its value chain by FY2050.
Near-term, Lloyd's Register aims to reduce absolute Scope 1 and 2 GHG emissions by 59% by FY2034, against a FY2023 base year. Additionally, the company is committed to reducing absolute Scope 3 GHG emissions from purchased goods and services and business travel by 35% within the same timeframe.
For long-term goals, Lloyd's Register pledges to reduce absolute Scope 1 and 2 GHG emissions by 90% by FY2050 from a FY2023 base year. Similarly, it plans to reduce absolute Scope 3 emissions by 90% by FY2050.
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Lloyds Register’s Climate Goals (2030 & 2050)
7 goals2050
90% reduction in Scope 1
Lloyd’s Register commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2050 from a FY2023 base year.
Insufficient data90%
2050
90% reduction in scope 3 total
Lloyd’s Register also commits to reduce absolute scope 3 emissions 90% within the same timeframe.
Insufficient data90%
2050
90% reduction in Scope 2
Lloyd’s Register commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2050 from a FY2023 base year.
Insufficient data90%
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
FY2034 targetSee details
Active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Lloyds Register1 month ago
48
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Frequently asked questions
Common questions about Lloyds Register’s sustainability data and climate commitments
In 2020, Lloyds Register reported total carbon emissions of approximately 99.4 million kg CO2e. The largest share, nearly 93%, stemmed from Scope 3 emissions, totaling around 92.8 million kg CO2e. Scope 1 emissions accounted for roughly 2.8 million kg CO2e, and Scope 2 emissions were about 3.8 million kg CO2e. This breakdown highlights the significant impact of indirect value chain activities on the company's overall carbon footprint, a crucial factor for its sustainability strategy.
Data year: 2020
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