LPL Financial LLC Sustainability Profile
LPL Financial LLC, headquartered in the United States, is a leading player in the financial services industry, specialising in wealth management and investment advisory services. Founded in 1989, LPL has grown significantly, establishing a strong presence across major operational regions, including the East Coast and West Coast of the US. The firm offers a diverse range of core products and services, including brokerage services, financial planning, and asset management, tailored to meet the unique needs of independent financial advisors and their clients. LPL's commitment to innovation and technology sets it apart, enabling advisors to deliver personalised solutions effectively. With a robust market position, LPL Financial is recognised for its extensive network of advisors and has achieved notable milestones, including being one of the largest independent broker-dealers in the nation. This reputation underscores LPL's dedication to empowering financial professionals and enhancing client experiences.
DitchCarbon Score
How does LPL Financial 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 Business Services 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 LLC's score of 33 is higher than 58% 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 LLC's reported carbon emissions
In 2022, LPL Financial LLC reported total carbon emissions of approximately 9,000,000 kg CO2e, comprising 1,509,000 kg CO2e from Scope 1, 6,027,000 kg CO2e from Scope 2, and 1,899,000 kg CO2e from Scope 3 emissions related to business travel. This reflects a slight decrease in emissions from 2021, when total emissions were about 8,000,000 kg CO2e, with Scope 1 at 1,629,000 kg CO2e, Scope 2 at 5,449,000 kg CO2e, and Scope 3 at 837,000 kg CO2e. LPL Financial has set ambitious reduction targets, aiming for a 7% reduction in Scope 1 emissions and an 11% reduction in Scope 2 emissions by 2025, using 2021 as the baseline year. These commitments demonstrate the company's proactive approach to mitigating its carbon footprint. The emissions data is cascaded from LPL Financial Holdings Inc., reflecting the company's commitment to sustainability within its corporate family. Overall, LPL Financial LLC is actively working towards reducing its carbon emissions and enhancing its climate resilience.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 1,629,000 | 0,000,000 |
| Scope 2 | 5,449,000 | 0,000,000 |
| Scope 3 | 837,000 | 0,000,000 |
How Carbon Intensive is LPL Financial LLC's Industry?
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LPL Financial LLC's Scope 3 Categories Breakdown
LPL Financial LLC's Scope 3 emissions, which increased by 127% last year and increased by approximately 127% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 20% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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LPL Financial LLC'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 LLC 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.
