Alvarez & Marsal
Headline intensities
Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.
OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.
EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?
PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.
Carbon per FTE (full-time-equivalent employee) — the diagnostic measure for people-leveraged businesses where headcount, not capital, drives delivery. Captures the office, energy and travel footprint per person.
Strategy & approach
How the firm describes its decarbonisation approach in its own words — alongside the headline numbers above. Self-reported, page-cited.
As a leased-office professional services firm, A&M's Scope 2 footprint is derived 100% from leased real estate. The firm commits to increase renewable energy use in offices, leverage lighting efficiencies such as LED lights and control systems, and use office lease renewal periods as opportunities to incorporate improved environmental practices. No PPAs, RE100 commitments or % renewable targets disclosed.
A&M acknowledges its growing footprint may need to be offset to meet Net Zero by 2050 through procurement of high-quality carbon offsets. The firm flags risk that offset prices may rise sharply in an Orderly scenario, particularly if key suppliers do not reduce their own emissions. No durable removals (DAC, BECCS, biochar) or specific volumes/vintages disclosed.
- Office energy efficiency and consolidation
A&M will leverage strategic energy efficiency plans across its 80+ global offices, deploy LED lighting and control systems, consider environmental components when evaluating new office openings, use lease renewal periods to incorporate improved environmental practices, and explore office consolidation over time.
- Business travel reduction and optimisation
Business travel is A&M's largest single emissions source (18,853 tCO2e in 2024, ~36% of total). Levers include optimising business travel to accommodate client needs while reducing emissions, prioritising virtual meetings, and building relationships with business travel partners that have their own Net Zero commitments.
- Employee commuting reduction via hybrid work
Employee commuting reached 7,405 tCO2e in 2024. A&M continues leveraging a hybrid work model with increased video conferencing/telecommuting to reduce commuting emissions, and engages employees on alternate commute options. A global commuting survey was rolled out in 2024 to improve data quality.
- Purchased goods and services / sustainable procurement
Purchased Goods and Services is the largest Scope 3 category at 17,446 tCO2e in 2024 (~34% of total). A&M plans to increase procurement of office supplies from local and sustainably sourced suppliers, and notes that key suppliers comprising the majority of A&M emissions reducing their footprint is critical to achieving Net Zero.
Targets
Near-term
2 targets| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2Absolute | 2024 | 2035 | −63% | 1.5°C | 0.0% reduction achieved vs 63% target (0% of the way there). Linear pace expects 0.0% by now. −0.0% reductionof −63% target · 0% there | On track |
| Scope 3 | 2024 | 2030 | −91% | 0.0% reduction achieved vs 91% target (0% of the way there). Linear pace expects 0.0% by now. −0.0% reductionof −91% target · 0% there | On track |
Long-term
2 targets| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2Absolute | 2024 | 2050 | −90% | 1.5°C | 0.0% reduction achieved vs 90% target (0% of the way there). Linear pace expects 0.0% by now. −0.0% reductionof −90% target · 0% there | On track |
| Scope 3Intensity | 2024 | 2050 | −97% | intensity — not tracked vs absolute | — |
Net zero
1 target| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2 + 3 | 2024 | 2050 | — | 1.5°C | absolute-value target | — |
Progress · absolute tCO2e
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Latest news· last 5 of 13
full news log →- 2025First-time limited assurance over Scope 1, 2 and 3
- 2024Increase renewable energy use in offices via lease renewals and efficiency
- 2024Dependent: Purchased goods and services / sustainable procurement
- 2024Primary: Office energy efficiency and consolidation
- 2024Primary: Business travel reduction and optimisation