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 59% 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 10,567,000 kg CO2e. This figure includes Scope 2 emissions from purchased electricity, which accounted for about 1,371,000 kg CO2e, and significant Scope 3 emissions, including business travel (approximately 1,455,000 kg CO2e), employee commute (about 893,000 kg CO2e), and purchased goods and services (approximately 5,853,000 kg CO2e). Comparatively, in 2022, the firm recorded total emissions of about 9,411,000 kg CO2e, indicating an increase in emissions year-on-year. The Scope 2 emissions for 2022 were approximately 1,341,000 kg CO2e, while Scope 3 emissions included business travel (around 1,310,000 kg CO2e), employee commute (about 919,000 kg CO2e), and purchased goods and services (approximately 4,704,000 kg CO2e). Despite the increase in total emissions, Lord, Abbett & Co. LLC has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The company has not inherited emissions data from a parent organisation, and all reported figures are derived directly from their own disclosures. The firm has also reported employee carbon intensity metrics, with values of approximately 14,000 kg CO2e per employee in 2023, 13,000 kg CO2e per employee in 2022, and 9,000 kg CO2e per employee in 2021, reflecting a focus on understanding their emissions profile relative to workforce size. Overall, while Lord, Abbett & Co. LLC has made strides in tracking their emissions, further commitments and reduction strategies would enhance their climate action profile.
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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.
