Lord, Abbett & Co. LLC
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:10,567 tCO2e/year
Scope 1 Emissions:816 tCO2e/year
Scope 2 Emissions:1371 tCO2e/year
Scope 3 Emissions:8,370 tCO2e/year
Waste Generated:65 tons/year
ESG Focus Areas
- Community Investment
- Employee Well-being
- Diversity & Inclusion
- Environmental Sustainability
Environmental Achievements
- Reduced GHG emissions by 23% from 2019 baseline (13,710 metric tons CO2e in 2019 to 10,567 metric tons CO2e in 2023)
- Planted over 26,000 trees globally in partnership with One Tree Planted
Social Achievements
- Named a Best Place to Work in Money Management by Pensions & Investments for four consecutive years
- Earned a 100% score on the Corporate Equality Index for the third consecutive year
- Supported Girls Who Invest program, hosting interns and providing mentorship
- Launched Broker Citizenship Program to foster diversity in the industry
- Supported various community initiatives through volunteerism and philanthropy (Morris Habitat for Humanity, Year Up, Operation Backpack, etc.)
Governance Achievements
- Active engagement in proxy voting to encourage good corporate governance
- Relocating global headquarters to a LEED and ENERGYSTAR certified building, pursuing WELL v2 and LEED v4 ID+C certifications
Climate Goals & Targets
Environmental Challenges
- Increased 'Purchased Goods & Services' emissions due to a new employee lunch program
- Managing carbon footprint as business expands
Mitigation Strategies
- Continuously evaluating practices and promoting responsible consumption
- Relocating to a more sustainable building
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Best Fund Provider – Investment Grade Bond (Asian Private Banker’s 2024 Asset Management Awards)
- Best Fund Provider – US Bond (Asian Private Banker’s 2023 Asset Management Awards)
- Best Sales Team and Best Overall Service (Citywire Middle East 2023)