Lloyds Register Sustainability Profile
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 56 is higher than 75% 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, alongside significant Scope 3 emissions of about 117,832,000 kg CO2e. This data reflects a commitment to transparency in their carbon footprint, with a focus on reducing emissions across all scopes. Lloyds Register has set ambitious targets to achieve net-zero greenhouse gas emissions by 2050. Near-term goals include a 59% reduction in absolute Scope 1 and 2 emissions by 2034, using 2023 as the baseline year. Additionally, they aim to cut Scope 3 emissions from purchased goods and services and business travel by 35% within the same timeframe. Long-term targets are even more aggressive, with a commitment to reduce Scope 1 and 2 emissions by 90% and Scope 3 emissions by 90% by 2050. 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. The emissions data and reduction initiatives are cascaded from their parent organization, Lloyd’s Register Group Limited, ensuring a cohesive approach to sustainability across the corporate family.
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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 |
How Carbon Intensive is Lloyds Register's Industry?
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Lloyds Register's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Lloyds Register has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Lloyds Register's sustainability data and climate commitments