Ricardo
Ricardo plc, commonly known as Ricardo, is a leading engineering consultancy headquartered in the United Kingdom. Founded in 1915, the company has established a strong presence in key operational regions including Europe, North America, and Asia. Specialising in the automotive, rail, and energy sectors, Ricardo offers innovative solutions in engineering, environmental consultancy, and product development. With a commitment to sustainability and efficiency, Ricardo's core services include advanced vehicle engineering, powertrain development, and emissions reduction strategies. The company is recognised for its pioneering work in low-carbon technologies and has achieved notable milestones, such as significant contributions to the development of electric and hybrid vehicles. As a trusted partner in the industry, Ricardo continues to enhance its market position through cutting-edge research and a focus on delivering unique, high-quality services.
DitchCarbon Score
How does Ricardo'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 Other 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
Ricardo's score of 81 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ricardo's reported carbon emissions
In 2024, Ricardo's carbon emissions in Great Britain totalled approximately 2,342,000 kg CO2e for Scope 1 and about 138,000 kg CO2e for Scope 2, resulting in a combined total of around 2,480,000 kg CO2e (market-based). The company has set ambitious targets to reduce its emissions, committing to a 15% reduction in Scope 1 emissions and an 85% reduction in Scope 2 emissions by 2025. Additionally, Ricardo aims to achieve a 46.2% reduction in absolute Scope 1 and 2 GHG emissions by FY2030/31 from a FY2019/20 baseline, alongside a 27.5% reduction in absolute Scope 3 emissions by the same year. Ricardo's commitment to sustainability is further demonstrated by its goal to increase the sourcing of renewable electricity from 74% in FY2019/20 to 90% by FY2025/26. The company is aligned with the Science Based Targets initiative (SBTi) and is on track to meet its near-term targets, which are consistent with limiting global warming to 1.5°C. Overall, Ricardo's climate strategy reflects a strong commitment to reducing its carbon footprint and contributing to global climate goals, with a focus on both operational and supply chain emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,343,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,016,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Ricardo is participating in some of the initiatives that 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.
