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 37 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lpl Financial's reported carbon emissions
In 2023, LPL Financial reported total carbon emissions of approximately 6,000,000 kg CO2e, comprising 893,000 kg CO2e from Scope 1, 4,110,000 kg CO2e from Scope 2, and 5,624,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions included 2,525,000 kg CO2e from business travel and 58,000 kg CO2e from waste generated in operations. Over the previous years, LPL Financial has shown a trend of fluctuating emissions. In 2022, the company emitted about 6,000,000 kg CO2e, with 1,510,000 kg CO2e from Scope 1, 6,027,000 kg CO2e from Scope 2, and 1,899,000 kg CO2e from Scope 3. In 2021, emissions were approximately 6,000,000 kg CO2e, with 1,629,000 kg CO2e from Scope 1, 5,449,000 kg CO2e from Scope 2, and 837,000 kg CO2e from Scope 3. LPL Financial has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for further commitment to climate action within the financial services sector. As the company continues to grow, its emissions management strategies will be crucial in addressing climate change and aligning with industry standards.
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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 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.
