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 90% 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 specific emissions breakdowns of 2,725,000 kg CO2e for Scope 1, 914,000 kg CO2e for Scope 2 (market-based), and a significant 135,994,000 kg CO2e for Scope 3 emissions. In the UK, their emissions for the same year were about 2,342,000 kg CO2e for Scope 1 and 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 reduce absolute Scope 3 emissions by 27.5% by the same year. The company also plans to increase its annual sourcing of renewable electricity from 74% in FY2019/20 to 90% by FY2025/26. For the near term, Ricardo has established specific targets for emissions reductions: 15% for Scope 1 and 85% for Scope 2 by 2025. They are on track to meet these goals, with a focus on aligning their initiatives with the 2025 net zero goal set out in the UN Paris Agreement. Overall, Ricardo's climate commitments reflect a strong dedication to reducing their carbon footprint and contributing to global climate goals, with their strategies and targets being consistent with the Science Based Targets initiative (SBTi) standards.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,400,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 10,900,000 | 00,000,000 | 0,000,000 | 0,000,000 | 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.
