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 100% 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 carbon emissions of approximately 1,371,000 kg CO2e from Scope 2, primarily from purchased electricity. Their Scope 3 emissions included significant contributions from business travel (about 1,455,000 kg CO2e), employee commute (approximately 893,000 kg CO2e), and purchased goods and services (around 5,853,000 kg CO2e). Over the years, the company has shown a trend of fluctuating emissions. For instance, in 2022, Scope 2 emissions were about 1,341,000 kg CO2e, while Scope 3 emissions totalled approximately 4,704,000 kg CO2e for purchased goods and services. Notably, from 2019 to 2023, there has been a general reduction in Scope 2 emissions, decreasing from 1,592,000 kg CO2e in 2019 to 1,371,000 kg CO2e in 2023. Despite these figures, Lord, Abbett & Co. has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to navigate its climate commitments within the broader context of the financial services industry, which is increasingly focused on sustainability and carbon footprint reduction.
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Get Started| 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.
