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LPL Financial Holdings Inc
LPL Financial Holdings's GHG Emissions Data Preview
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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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Insights into LPL Financial Holdings's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions ofLPL Financial Holdings amounted to5,003metric 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 Holdingsdecreased by 33.61%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
LPL Financial Holdings's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are LPL Financial Holdings's Scope 1 emissions?
In 2023, the total Scope 1 emissions of LPL Financial Holdings were 893 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has LPL Financial Holdings reduced its Scope 1 emissions over time?
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
What are LPL Financial Holdings's Scope 2 emissions?
In 2023, LPL Financial Holdings reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method and 4,110 tCOâ‚‚e using the location-based method.a
Has LPL Financial Holdings reduced its Scope 2 emissions over time?
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
What methodology does LPL Financial Holdings use for Scope 2 reporting?
In 2023, LPL Financial Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
LPL Financial Holdings's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into LPL Financial Holdings's Value Chain Emissions
In 2023, LPL Financial Holdings reported 5,624 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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 3of 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
LPL Financial Holdings's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are LPL Financial Holdings's Scope 3 emissions?
In 2023, LPL Financial Holdings reported total Scope 3 emissions of 5,624 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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
Has LPL Financial Holdings reduced its Scope 3 emissions over time?
Since 2019, LPL Financial Holdings's Scope 3 emissionshave 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
What categories of Scope 3 emissions does LPL Financial Holdings disclose?
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.
What are the main sources of LPL Financial Holdings's Scope 3 emissions?
In 2023, the largest contributors to LPL Financial Holdings's Scope 3 emissions were:a
- Upstream Leased Assets (Cat. 8): 3,041 tCOâ‚‚e(54.07%)
- Business Travel (Cat. 6): 2,525 tCOâ‚‚e(44.9%)
- Waste Generated in Operations (Cat. 5): 58 tCOâ‚‚e(1.03%)
LPL Financial Holdings's Scope 3 Emissions by Categories
Insights into LPL Financial Holdings’s GHG Emissions Intensity Compared to Industry Peers
In 2023, LPL Financial Holdings reported Scope 1 greenhouse gas (GHG) emissions of 893 tCOâ‚‚e and total revenues of USD 10,056 millions. This translates into an emissions intensity of 0.09 tCOâ‚‚e per millions USD.a
LPL Financial Holdings's Scope 1 Emissions Intensity Compared to Peers
How does LPL Financial Holdings's GHG emissions intensity compare to its peers?
In 2023, LPL Financial Holdings reported a Scope 1 emissions intensity of 0.09 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does LPL Financial Holdings rank on GHG emissions intensity within its industry?
In 2023, LPL Financial Holdings ranked 5 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places LPL Financial Holdings among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into LPL Financial Holdings's Total Carbon Footprint
In 2023, LPL Financial Holdings reported a total carbon footprint of 10,627 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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