Lpl Financial
LPL Financial, a leading independent broker-dealer, is headquartered in the United States and operates extensively across the nation. Founded in 1989, LPL has established itself as a prominent player in the financial services industry, providing a comprehensive range of investment and wealth management solutions. The firm offers unique services, including advisory platforms, technology solutions, and compliance support, tailored to empower financial advisors and their clients. LPL Financial is recognised for its commitment to innovation and client-centric approach, positioning itself as a trusted partner in the financial landscape. With a strong market presence and a focus on enhancing advisor productivity, LPL continues to achieve significant milestones, solidifying its reputation as a leader in the independent advisory space.
DitchCarbon Score
How does Lpl Financial'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
Lpl Financial's score of 42 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lpl Financial's reported carbon emissions
In 2023, LPL Financial reported total carbon emissions of approximately 6,000,000 kg CO2e, with emissions distributed across all three scopes: 893,000 kg CO2e (Scope 1), 4,110,000 kg CO2e (Scope 2), and 5,624,000 kg CO2e (Scope 3). Notably, the Scope 3 emissions included significant contributions from business travel (2,525,000 kg CO2e) and upstream leased assets (6,624,000 kg CO2e). Comparatively, in 2022, LPL Financial's emissions were higher, with Scope 1 at 1,510,000 kg CO2e, Scope 2 at 6,027,000 kg CO2e, and Scope 3 at 1,899,000 kg CO2e. This indicates a shift in emissions patterns, particularly in Scope 3, which saw a substantial increase. LPL Financial has set ambitious reduction targets, aiming for a 30% reduction in Scope 1 emissions and a 25% reduction in Scope 2 emissions by 2030, using 2020 as the baseline year. These commitments reflect the company's proactive approach to addressing climate change and reducing its carbon footprint. The emissions data is sourced directly from LPL Financial Holdings Inc., with no cascaded data from parent or related organizations. The company is actively working towards its climate commitments, demonstrating a commitment to sustainability in the financial services sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,461,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 3,087,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,519,000 | 000,000 | 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.
Lpl Financial 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.
