- Navigating transformative change in the financial markets (geopolitical tensions, sector-specific volatility, high interest rates)
- Reducing environmental footprint (energy usage in offices and business travel)
Lazard
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Lazard disclosed greenhouse gas emissions of 25.1K tCO2e/year. By scope: Scope 1: 1.3K tCO2e/year; Scope 2: 5.1K tCO2e/year; Scope 3: 18.8K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
25.1K tCO2e/year
2023
Renewable Energy
100% in UK since 2019; 100% in Dublin office
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.3K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 18.8K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 100% renewable electricity in the U.K. since 2019
- Lazard Asset Management London offset CO2 emissions by planting 7,200 trees in the U.K.
- Lazard Fund Managers’ office in Dublin transitioned to 100% green energy
- Paris office achieved significant energy efficiency reductions (74% reduction in energy use compared to 2019)
🎯 Climate & Sustainability Targets
🔭 Long-term
- Net zero greenhouse gas emissions by 2050
🌱 ESG Focus Areas
People and CultureSustainable InvestingSustainable Financial AdvisoryBusiness EthicsCorporate GovernanceEnvironmental Sustainability