Raymond James

Raymond James's reported carbon emissions

Raymond James Financial, Inc. (US), operating in financial intermediation services, has reported its greenhouse gas emissions for recent years. In 2022, the company reported Scope 1 emissions totalling approximately 392,000 kg CO2e, which included 55,000 kg CO2e from mobile combustion, 118,000 kg CO2e from fugitive emissions, and 219,000 kg CO2e from stationary combustion. Scope 2 emissions for the same year, based on the market and location-based methods, were approximately 39,344,000 kg CO2e. This Scope 2 total was largely comprised of 34,497,000 kg CO2e from purchased electricity and 4,847,000 kg CO2e from purchased heat. No Scope 3 emissions data was disclosed for 2022. For 2021, Raymond James reported Scope 1 emissions of approximately 967,000 kg CO2e, with 46,000 kg CO2e from mobile combustion, 103,000 kg CO2e from fugitive emissions, and 744,000 kg CO2e from stationary combustion. Scope 2 emissions were approximately 40,943,000 kg CO2e (market-based) and 38,888,000 kg CO2e (location-based). Purchased electricity accounted for 36,179,000 kg CO2e, and purchased heat for 4,764,000 kg CO2e in the market-based Scope 2 calculation. Similar to 2022, Scope 3 emissions were not disclosed for 2021. Raymond James has established science-based targets. The company commits to reducing absolute Scope 1 greenhouse gas (GHG) emissions by 42.0% by 2030, using 2024 as a base year. Similarly, absolute Scope 2 GHG emissions are targeted for reduction by 42.0% by 2030 from the same 2024 base year. Furthermore, Raymond James aims to reduce Scope 3 GHG emissions related to purchased goods and services and the processing of sold products by 51.6% per CNY value added within the same timeframe. These commitments align with a 1.5°C trajectory for company operations.