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's carbon emissions in Great Britain totalled approximately 2,342,000 kg CO2e for Scope 1 and about 1,380,000 kg CO2e for Scope 2, resulting in a combined total of around 2,480,000 kg CO2e for both scopes. This reflects a slight decrease from 2023, where emissions were about 2,496,000 kg CO2e for Scope 1 and approximately 1,660,000 kg CO2e for Scope 2, leading to a total of around 2,344,000 kg CO2e. Ricardo has set ambitious climate commitments, aiming for a 15% reduction in Scope 1 emissions and an 85% reduction in Scope 2 emissions by 2025. Additionally, they are committed to reducing absolute Scope 1 and 2 GHG emissions by 46.2% by FY2030/31 from a FY2019/20 baseline. For Scope 3 emissions, they target a reduction of 27.5% by the same year. The company is also increasing its sourcing of renewable electricity from 74% in FY2019/20 to 90% by FY2025/26, aligning with the UN Paris Agreement's goals. These initiatives demonstrate Ricardo's commitment to achieving net-zero emissions and contributing to global climate action.
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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.
