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 43 is higher than 67% 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 2020, Lloyd's Register Group Limited reported total carbon emissions of approximately 99,406,000 kg CO2e. This figure includes 2,844,490 kg CO2e from Scope 1 emissions, primarily from mobile combustion (1,695,000 kg CO2e), and 3,792,880 kg CO2e from Scope 2 emissions. The majority of their emissions, about 92,769,000 kg CO2e, fall under Scope 3, which encompasses indirect emissions from sources such as purchased goods and services (34,761,000 kg CO2e) and business travel (43,842,000 kg CO2e). Lloyd's Register has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by FY2050. The company has established near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 59% by FY2034, using FY2023 as the baseline. Additionally, they plan to cut absolute 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 FY2050. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Lloyd's Register's commitment to addressing climate change and reducing its carbon footprint in line with global climate goals. The emissions data and targets are cascaded from the parent organization, Lloyd’s Register Group Limited, ensuring a unified approach to sustainability across its operations.
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| 2020 | |
|---|---|
| Scope 1 | 2,844,490 |
| Scope 2 | 3,792,880 |
| Scope 3 | 92,769,000 |
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.
