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 39 is higher 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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Lpl Financial's reported carbon emissions
In 2023, LPL Financial reported total emissions of approximately 4,893,000 kg CO2e in the US, 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. This data reflects a commitment to transparency in emissions reporting, with all three scopes disclosed. 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 a 2020 baseline. These targets demonstrate the company's proactive approach to mitigating its carbon footprint and addressing climate change. The emissions data is sourced from LPL Financial Holdings Inc., ensuring that the figures are accurate and reflective of the company's operational impact. As LPL Financial continues to enhance its sustainability initiatives, it remains focused on achieving its climate commitments while navigating the challenges of the financial services industry.
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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 |
| Scope 3 | 3,519,000 | 000,000 | 000,000 | 00,000,000 | 00,000,000 |
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 245% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 15% of Scope 3 emissions.
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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.
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