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 64% 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 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 (Scope 3). Other notable Scope 3 emissions include 1,455,000 kg CO2e from business travel and 893,000 kg CO2e from employee commuting. 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 6,500,000 kg CO2e. The company has not disclosed any specific reduction targets or initiatives, nor has it committed to the Science Based Targets initiative (SBTi) for emissions reduction. Overall, while Lord, Abbett & Co. LLC has made strides in tracking its carbon footprint, the absence of formal reduction commitments highlights an area for potential improvement in their climate strategy.
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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 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.
