Climate Change Data

Lazard

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:25,125 tCO2e/year
Scope 1 Emissions:1,269 tCO2e/year
Scope 2 Emissions:5,052 tCO2e/year
Scope 3 Emissions:18,804 tCO2e/year
Renewable Energy Share:100% in UK since 2019; 100% in Dublin office
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • People and Culture
  • Sustainable Investing
  • Sustainable Financial Advisory
  • Business Ethics
  • Corporate Governance
  • Environmental Sustainability

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)

Social Achievements

  • Global employee engagement score of 73%
  • 150 employee resource groups events hosted
  • 25 global town halls
  • Significant investment in employee training and development programs
  • Various wellness initiatives including mental health support, parental leave, and financial wellness tools
  • Community investment through Lazard New Visions Academy and other philanthropic activities

Governance Achievements

  • Strong corporate governance practices implemented by senior management and Board of Directors
  • Eight of ten directors are independent
  • Robust stock ownership guidelines and anti-hedging policy
  • Performance-based culture with equity alignment and clawback policy
  • Active stakeholder engagement

Climate Goals & Targets

Long-term Goals:
  • Net zero greenhouse gas emissions by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • 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)
Mitigation Strategies
  • Integrating financially material human capital, natural capital, and governance considerations into investment strategies
  • Implementing energy efficiency measures in offices
  • Offsetting carbon emissions through tree planting
  • Transitioning to renewable energy sources
  • Proactive communication and collaboration with stakeholders

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: SASB, TCFD, PRI

Certifications: Planet Mark (2023)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed