Lpl Financial Sustainability Profile
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 |
How Carbon Intensive is Lpl Financial's Industry?
How Carbon Intensive is Lpl Financial's Location?
Lpl Financial's Scope 3 Categories Breakdown
Lpl Financial's Scope 3 emissions, which increased by 196% last year and increased by approximately 60% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 53% of total emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 118% of Scope 3 emissions.
Top Scope 3 Categories
Lpl Financial's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Lpl Financial has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
