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 higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lord, Abbett & Co. LLC's reported carbon emissions
In 2023, Lord, Abbett & Co. LLC reported total carbon emissions of approximately 7,200,000 kg CO2e, with significant contributions from Scope 3 emissions. The breakdown includes 1,371,000 kg CO2e from purchased electricity (Scope 2) and 5,853,000 kg CO2e from purchased goods and services, alongside other categories such as business travel (1,455,000 kg CO2e) and employee commute (893,000 kg CO2e). Over the years, the firm has shown a trend of fluctuating emissions. For instance, in 2022, total emissions were about 7,200,000 kg CO2e, while in 2021, they were approximately 6,000,000 kg CO2e. Notably, emissions from purchased electricity have decreased from 1,592,000 kg CO2e in 2019 to 1,371,000 kg CO2e in 2023, indicating a commitment to reducing energy consumption. Despite these figures, Lord, Abbett & Co. has not publicly disclosed specific reduction targets or initiatives aimed at achieving net-zero emissions. The absence of formal climate pledges or science-based targets suggests that while the company is tracking its emissions, it may need to enhance its climate commitments to align with industry standards and expectations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | 1,592,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 10,989,000 | 0,000,000 | 0,000,000 | 0,000,000 | 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 committed to any reduction initiatives 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.
