In 2023, LPL Financial Holdings completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
LPL Financial Holdings has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 893a | 1,509b | 1,629b | |
Total Scope 2 | ||||
Market-Based | 0a | N/A | N/A | |
Location-Based | 4,110a | 6,027a | 5,449b | |
Total Scope 3 | 5,624a | 1,899a | 837b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0888a | 0.1754b | 0.211b |
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In 2023, the total operational greenhouse gas (GHG) emissions of LPL Financial Holdings amounted to 5,003 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of LPL Financial Holdings decreased by 33.61%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2023, the total Scope 1 emissions of LPL Financial Holdings were 893 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, LPL Financial Holdings's Scope 1 emissions have decreased by 38.88%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2022), LPL Financial Holdings's Scope 1 emissions decreased by 40.82%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2023, LPL Financial Holdings reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 4,110 tCO₂e using the location-based method.a
Since 2019, LPL Financial Holdings's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 33.14%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2022), LPL Financial Holdings's Scope 2 emissions (Location-Based) fell by 31.81% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2023, LPL Financial Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2023, LPL Financial Holdings reported 5,624 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of LPL Financial Holdings includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2023, LPL Financial Holdings reported total Scope 3 emissions of 5,624 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, LPL Financial Holdings's Scope 3 emissions have increased by 59.82%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2022), LPL Financial Holdings's Scope 3 emissions increased by 196.16%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, LPL Financial Holdings reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2023, the largest contributors to LPL Financial Holdings's Scope 3 emissions were:a
In 2023, LPL Financial Holdings reported Scope 1 greenhouse gas (GHG) emissions of 893 tCO₂e and total revenues of USD 10,056 millions. This translates into an emissions intensity of 0.09 tCO₂e per millions USD.a
In 2023, LPL Financial Holdings reported a Scope 1 emissions intensity of 0.09 tCO₂e per millions USD. Compared to the peer group median of 0.24, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, LPL Financial Holdings ranked 7 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
LPL Financial Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, LPL Financial Holdings reported a total carbon footprint of 10,627 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.63% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to LPL Financial Holdings's total carbon footprint was Scope 3 emissions, accounting for 52.92% of the company's total carbon footprint, followed by Scope 2 emissions at 38.68%.a