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 99% 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, with significant contributions from Scope 3 emissions, which accounted for about 135,994,000 kg CO2e. The breakdown of emissions included 2,725,000 kg CO2e from Scope 1 and 914,000 kg CO2e from Scope 2 (market-based). In 2023, the company’s emissions were approximately 160,624,000 kg CO2e, with Scope 3 emissions again being the largest contributor at about 157,142,000 kg CO2e. Scope 1 emissions were reported at 2,845,000 kg CO2e, while Scope 2 emissions totalled 637,000 kg CO2e (market-based). Ricardo has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by FY2030/31 from a FY2019/20 baseline. Additionally, the company plans to increase its annual sourcing of renewable electricity from 74% in FY2019/20 to 90% by FY2025/26. For Scope 3 emissions, Ricardo targets a reduction of 27.5% by FY2030/31 from the same base year. These commitments align with the Science Based Targets initiative (SBTi) and reflect Ricardo's dedication to addressing climate change and reducing its carbon footprint in the professional services sector.
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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 | 000,000,000 |
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.
