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 57% 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 8,000,000 kg CO2e, with significant contributions from Scope 2 and Scope 3 emissions. Specifically, Scope 2 emissions from purchased electricity amounted to about 1,371,000 kg CO2e. Scope 3 emissions were notably higher, with business travel contributing approximately 1,455,000 kg CO2e, employee commute at about 893,000 kg CO2e, and purchased goods and services at around 5,853,000 kg CO2e, alongside 104,000 kg CO2e from fuel and energy-related activities. Comparatively, in 2022, the company recorded approximately 7,000,000 kg CO2e in total emissions, with Scope 2 emissions from purchased electricity at about 1,341,000 kg CO2e and Scope 3 emissions including business travel at approximately 1,310,000 kg CO2e, employee commute at about 919,000 kg CO2e, and purchased goods and services at around 4,704,000 kg CO2e, along with 111,000 kg CO2e from fuel and energy-related activities. Despite these figures, Lord, Abbett & Co. LLC has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company has not cascaded emissions data from a parent organisation, indicating that all reported figures are derived directly from its own operations. The intensity of emissions per employee has shown a trend, with values of approximately 14,000 kg CO2e in 2023, 13,000 kg CO2e in 2022, 9,000 kg CO2e in 2021, 12,000 kg CO2e in 2020, and 17,000 kg CO2e in 2019. This data reflects the company's ongoing efforts to monitor and report its carbon footprint, although further commitments to emissions reduction strategies would enhance its climate impact.
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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.
