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Ricardo plc, commonly known as Ricardo, is a distinguished global engineering and environmental strategic consultancy headquartered in the United Kingdom. Established in 1915 by Sir Harry Ricardo, the company leverages over a century of expertise to address complex challenges across critical sectors.
Specialising in sustainable transport, energy, defence, and environmental solutions, Ricardo offers comprehensive services from strategic consulting and product engineering to software development, testing, and manufacturing. Their integrated approach supports clients in achieving net-zero targets and delivering innovative, clean energy technologies.
As a trusted strategic advisor with a global presence, Ricardo drives decarbonisation and develops cutting-edge digital solutions. The company's pioneering spirit and deep technical knowledge position it at the forefront of advanced engineering and environmental insights across Europe, North America, and Asia.
65
DitchCarbon score
+40 vs industry average
Ricardo’s score of 65 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Medium
Other Services has typical carbon intensity
Industry performance
0.200
20182025
The Other Services industry has reduced its overall emissions by 37% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Ricardo's reported carbon emissions
Ricardo, a UK-based "Other services (93)" company, reported total emissions of approximately 139.6 million kg CO2e in 2024. This figure includes about 2.7 million kg CO2e from Scope 1 emissions, approximately 914,000 kg CO2e from Scope 2 market-based emissions, and around 136.0 million kg CO2e from Scope 3 emissions.
In 2023, Ricardo's total emissions were approximately 160.6 million kg CO2e, comprising about 2.8 million kg CO2e from Scope 1, approximately 637,000 kg CO2e from Scope 2 market-based emissions, and around 157.1 million kg CO2e from Scope 3 emissions.
For 2022, the company's total emissions were approximately 105.2 million kg CO2e, with Scope 1 emissions at about 3.8 million kg CO2e, Scope 2 market-based emissions at approximately 618,000 kg CO2e, and Scope 3 emissions around 100.7 million kg CO2e.
Ricardo has set Science Based Targets initiative (SBTi) validated goals. The company commits to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by FY2030/31 from a FY2019/20 base year. Additionally, Ricardo aims to increase its annual sourcing of renewable electricity from 74% in FY2019/20 to 90% by FY2025/26. The company also commits to reduce absolute Scope 3 GHG emissions by 27.5% by FY2030/31 from a FY2019/20 base year. Ricardo has committed to net-zero by 2050. These targets are consistent with reductions required to keep warming to 1.5°C.
Ricardo has also set internal targets to reduce Scope 1 emissions by 15% and Scope 2 emissions by 85% by 2025, using 2022 as a baseline. The company plans to adjust its baseline year for all scopes to FY 2024/25 data to align with its 2025 net-zero goal, in line with the UN Paris Agreement.
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Ricardo’s Climate Goals (2030 & 2050)
3 goals2030
46.2% reduction in Scope 1
Ricardo commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by FY2030/31 from a FY2019/20 base year. Ricardo commits to increase an…
On track46.2%
2030
46.2% reduction in Scope 2
Ricardo commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by FY2030/31 from a FY2019/20 base year. Ricardo commits to increase an…
On track46.2%
2030
27.5% reduction in scope 3 total
Ricardo commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by FY2030/31 from a FY2019/20 base year. Ricardo commits to increase an…
Insufficient data27.5%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
11 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
FY2031 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from WSP Global Inc.See details
Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Ricardo1 day ago
65
DEAutomatic Environmental Control Manufacturing for Residential, Commercial, and Appliance UseView
5 days ago
100
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Frequently asked questions
Common questions about Ricardo’s sustainability data and climate commitments
Usage policy
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