Lord, Abbett & Co. LLC
Lord, Abbett & Co. LLC, commonly referred to as Lord Abbett, is a prominent investment management firm headquartered in the United States. Established in 1929, the company has built a strong reputation in the financial services industry, focusing on a diverse range of investment strategies, including equity, fixed income, and multi-asset solutions. With a commitment to delivering innovative investment products, Lord Abbett distinguishes itself through its rigorous research and client-centric approach. The firm serves a wide array of clients, including institutions, financial advisors, and individual investors, and has achieved notable recognition for its performance and service excellence. As a trusted partner in the investment landscape, Lord Abbett continues to adapt and thrive in an ever-evolving market.
DitchCarbon Score
How does Lord, Abbett & Co. 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
Lord, Abbett & Co. LLC's score of 25 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lord, Abbett & Co. LLC's reported carbon emissions
In 2023, Lord, Abbett & Co. LLC reported significant carbon emissions, totalling approximately 8,000,000 kg CO2e. This figure includes 1,371,000 kg CO2e from Scope 2 emissions related to purchased electricity and 6,585,000 kg CO2e from Scope 3 emissions, which encompass business travel (1,455,000 kg CO2e), employee commute (893,000 kg CO2e), purchased goods and services (5,853,000 kg CO2e), and fuel and energy-related activities (104,000 kg CO2e). Comparatively, in 2022, the firm recorded about 7,000,000 kg CO2e in total emissions, with Scope 2 emissions at 1,341,000 kg CO2e and Scope 3 emissions at 5,800,000 kg CO2e. This indicates a slight increase in emissions from 2022 to 2023. Despite the increase in emissions, there are currently no disclosed reduction targets or initiatives from Lord, Abbett & Co. LLC, nor are there any commitments to the Science Based Targets initiative (SBTi). The firm has not provided data for Scope 1 emissions in the reported years, which limits the overall understanding of their carbon footprint. Overall, while Lord, Abbett & Co. LLC has made strides in transparency regarding their emissions, the absence of reduction targets highlights an area for potential improvement in their climate commitments.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 1,341,000 | 0,000,000 |
| Scope 3 | 7,044,000 | 0,000,000 |
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.
Lord, Abbett & Co. 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.
