LPL Financial, a leading independent broker-dealer, is headquartered in the United States and operates extensively across the nation. Founded in 1989, LPL has established itself as a prominent player in the financial services industry, providing a comprehensive range of investment and wealth management solutions. The firm offers unique services, including advisory platforms, technology solutions, and compliance support, tailored to empower financial advisors and their clients. LPL Financial is recognised for its commitment to innovation and client-centric approach, positioning itself as a trusted partner in the financial landscape. With a strong market presence and a focus on enhancing advisor productivity, LPL continues to achieve significant milestones, solidifying its reputation as a leader in the independent advisory space.
How does Lpl Financial'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.
Mean score of companies in the Financial Intermediation 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.
Lpl Financial's score of 39 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, LPL Financial reported total carbon emissions of approximately 6,424,000 kg CO2e, comprising 893,000 kg CO2e from Scope 1, 4,110,000 kg CO2e from Scope 2, and 5,624,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions were significantly driven by business travel, accounting for about 2,525,000 kg CO2e. LPL Financial has set ambitious reduction targets, aiming for a 7% reduction in Scope 1 emissions and an 11% reduction in Scope 2 emissions by 2025, using 2021 as the baseline year. Additionally, the company plans to achieve a 30% reduction in Scope 1 emissions and a 25% reduction in Scope 2 emissions by 2030, with 2020 as the baseline year. The emissions data is sourced directly from LPL Financial Holdings Inc., with no cascading from a parent or related organization. The company is actively working towards its climate commitments, demonstrating a commitment to sustainability and reducing its carbon footprint in the financial services sector.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 1,461,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
Scope 2 | 3,087,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 3 | 3,519,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
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.
Lpl Financial is not participating in any 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.