Financial services

Lazard

Lazard is the world’s leading financial advisory and asset management firm. Lazard believes that understanding its environmental impact, the standards by which it is governed, and the way its activities intersect with society is essential to good practice.
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Certified
4 years

Professional-Financial-services-sustainability-London

Highlights

Measure

Location-based total carbon footprint

Reporting Boundary: London Office (50 Stratton St, Mayfair, London W1J 8LL)

Emission Sources: Electricity, T&D Losses, Natural Gas, Water, Waste, Business Travel, Paper

Reporting Period: 01 Jan 2022 – 31 Dec 2022

1376.4 tC0₂e

Location-based total carbon footprint per employee

2.8 tC0₂e

Market-based total carbon footprint

1281.3 tC0₂e

Market-based total carbon footprint per employee

2.6 tC0₂e

Engage

FTE employees

We engage our employees and wider stakeholders to unlock their talent and knowledge to drive year on year progress in sustainability.

485

Communicate

UN Sustainable Development Goals

We recognise that transparent communication is essential for transformational change and we quantifiably contribute to 7 SDGs.

7

Certification story

Lazard, the world’s leading financial advisory and asset management firm, has achieved Planet Mark certification. 

Lazard believes that understanding the environmental impact of a company’s operations, the standards by which it is governed, and the way its activities intersect with society is essential to good practice for its clients. Lazard’s investment professionals integrate ESG analysis into their research and decision-making processes. 

The firm is committed to reducing its carbon emissions and sharing its journey with its community to inspire others. By being more strategic about its environmental responsibility, the company will be able to significantly increase its positive impact and hope to encourage continual improvements within its community.

Through Planet Mark, Lazard has protected endangered rainforest thanks to Cool Earth; a charity working alongside rainforest communities to halt deforestation. Its pledge through Cool Earth directly supports the Asháninka community in Central Peru.

It has also helped the Eden Project – an educational charity building connections with each other and the living world, exploring how we can work together towards a better future.

Steve Malkin
Founder and CEO
Planet Mark
“Major investors across the world need to show the same level of leadership as Lazard to take action on climate change. Measuring, reporting and reducing our impact on the planet is a vital step not only in the office at Lazard, but in assuring all of its clients that it is a responsible, forward-thinking company. I look forward to working with them for a long time.”

There has been a drive within the asset management industry toward sustainable investment in recent years, with sustainable investment strategies doubling in popularity between 2012 and 2018. It is becoming increasingly important for asset management companies to demonstrate their environmental credentials to a socially aware consumer base, both in their investment options and in their own operations. With an ever-scrutinising eye on wealth management, companies in the industry must learn to walk the walk on environmental responsibility.  

Future targets

Reduce carbon emissions by at least 2.5% each year

To recertify next year Lazard must reduce emissions by 2.5%.

Aim to reduce carbon emissions by 5% each year

A 5% year-on-year reduction is the target reduction recommended by Planet Mark.

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