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 43 is higher than 66% 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 reported total carbon emissions of approximately 139,633,000 kg CO2e globally, with significant contributions from Scope 3 emissions, which accounted for about 135,994,000 kg CO2e. The breakdown of emissions includes Scope 1 emissions at about 2,725,000 kg CO2e and Scope 2 emissions at approximately 914,000 kg CO2e (market-based). In the UK, Ricardo's emissions for the same year were approximately 2,342,000 kg CO2e for Scope 1 and about 1,380,000 kg CO2e for Scope 2 (market-based). Ricardo has set ambitious reduction targets, committing to a 46.2% reduction in absolute Scope 1 and 2 GHG emissions by FY2030/31 from a FY2019/20 baseline. Additionally, they aim to increase their annual sourcing of renewable electricity from 74% in FY2019/20 to 90% by FY2025/26. For Scope 3 emissions, the target is a 27.5% reduction by FY2030/31 from the same baseline year. The company has also established near-term targets for 2025, aiming for a 15% reduction in Scope 1 emissions and an 85% reduction in Scope 2 emissions. These targets are part of their broader commitment to align with the UN Paris Agreement's goals. Data for Ricardo's emissions is cascaded from its parent company, Ricardo plc, which is responsible for the overall climate strategy and reporting. The emissions data and reduction targets are consistent with the Science Based Targets initiative (SBTi) framework, ensuring that their commitments are aligned with the latest climate science.
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.
