Commercial, Energy Efficiency, GHG Emissions - September 29, 2023
L.E.K. Consulting Emissions Targets Approved by SBTi
L.E.K. Consulting announced the Science Based Targets initiative (SBTi) validated its emissions reduction targets to reach net-zero GHG emissions by 2050.
The global strategy consultancy company’s science-based emissions reduction targets include lowering absolute Scope 1 and 2 GHG emissions 33.6% by 2027 from a 2019 base year and Scope 3 GHG emissions from business travel 44% per headcount by 2027 from a 2019 base year.
L.E.K. Consulting seeks to lower absolute Scope 1 and Scope 2 GHG emissions 90% by 2050 from a 2019 base year and reduce Scope 3 GHG emissions 97% per headcount by 2050 from a 2019 base year.
"The SBTi's approval of our net-zero targets is a significant milestone in our corporate sustainability journey that started in 2008, when L.E.K. was the first major strategy consultancy to achieve carbon-neutral status. It is the strongest commitment we can make to reducing our emissions and taking action on global warming. We are delighted that SBTi has approved our ambitious target, which for us serves as a reaffirmation of our long-term commitment to decarbonization goals," said Clay Heskett, L.E.K. Global Managing Partner, in a statement.
As of 2022, L.E.K. has made progress toward its environmental goals with a 26% reduction in total emissions compared to 2019. Part of this reduction can be attributed to the firm's transition to 100% renewable electricity in 2022.