REED SMITH Sustainability Profile
Reed Smith LLP, a prominent global law firm, is headquartered in the United States, with significant operations across Europe, the Middle East, and Asia. Founded in 1877, the firm has established itself as a leader in various sectors, including financial services, healthcare, and technology. Reed Smith is renowned for its comprehensive legal services, particularly in areas such as litigation, regulatory compliance, and transactional law. The firm’s commitment to client service and innovative solutions sets it apart in a competitive market. With a strong reputation for excellence, Reed Smith has achieved notable milestones, including recognition in prestigious legal rankings and awards. Its strategic focus on industry-specific practices positions the firm as a trusted advisor to clients navigating complex legal landscapes.
DitchCarbon Score
How does REED SMITH'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
REED SMITH's score of 32 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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REED SMITH's reported carbon emissions
In 2023, Reed Smith reported total carbon emissions of approximately 1,337,000 kg CO2e, a significant reduction from about 3,033,000 kg CO2e in 2019. This represents a decrease of about 56% over the four-year period. The emissions data does not specify the breakdown into Scope 1, 2, or 3 categories. Reed Smith has committed to ambitious climate targets through the Declaration on Climate Action in Tourism, aiming to halve its emissions by 2030 and achieve net zero by 2050. These targets encompass all scopes of emissions, reflecting a comprehensive approach to climate action. The firm has not disclosed any specific SBTi (Science Based Targets initiative) targets, and the emissions data is not cascaded from a parent organization. Reed Smith's commitment to sustainability and climate action positions it as a proactive player in the legal sector's response to climate change.
How Carbon Intensive is REED SMITH's Industry?
How Carbon Intensive is REED SMITH's Location?
REED SMITH'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.
REED SMITH 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.
