Lord, Abbett & Co. LLC
Lord, Abbett & Co. LLC, commonly referred to as Lord Abbett, is a prominent investment management firm headquartered in the United States. Established in 1929, the company has built a strong reputation in the financial services industry, focusing on a diverse range of investment strategies, including equity, fixed income, and multi-asset solutions. With a commitment to delivering innovative investment products, Lord Abbett distinguishes itself through its rigorous research and client-centric approach. The firm serves a wide array of clients, including institutions, financial advisors, and individual investors, and has achieved notable recognition for its performance and service excellence. As a trusted partner in the investment landscape, Lord Abbett continues to adapt and thrive in an ever-evolving market.
DitchCarbon Score
How does Lord, Abbett & Co. LLC'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 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.
Industry Benchmark
Lord, Abbett & Co. LLC's score of 25 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lord, Abbett & Co. LLC's reported carbon emissions
In 2023, Lord, Abbett & Co. LLC reported significant carbon emissions, totalling approximately 7,000,000 kg CO2e. This figure includes Scope 2 emissions from purchased electricity at about 1,371,000 kg CO2e and Scope 3 emissions, which encompass business travel (approximately 1,455,000 kg CO2e), employee commute (around 893,000 kg CO2e), purchased goods and services (approximately 5,853,000 kg CO2e), and fuel and energy-related activities (about 104,000 kg CO2e). Comparatively, in 2022, the firm recorded total emissions of about 6,000,000 kg CO2e, with Scope 2 emissions from purchased electricity at approximately 1,341,000 kg CO2e and Scope 3 emissions including business travel (around 1,310,000 kg CO2e), employee commute (approximately 919,000 kg CO2e), purchased goods and services (about 4,704,000 kg CO2e), and fuel and energy-related activities (around 111,000 kg CO2e). Despite these emissions, Lord, Abbett & Co. LLC has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company has not cascaded emissions data from a parent organisation, indicating that all reported figures are derived directly from its own operations. The firm’s emissions intensity per employee has shown a slight increase over the years, with values of approximately 14,000 kg CO2e in 2023, 13,000 kg CO2e in 2022, and 12,000 kg CO2e in 2020. This trend highlights the need for enhanced climate commitments and strategies to mitigate their carbon footprint in the future.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 1,341,000 | 0,000,000 |
| Scope 3 | 7,044,000 | 0,000,000 |
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.
Lord, Abbett & Co. LLC 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.
