RVBA-LEKConsulting

LEK Consulting — in detail

Full extracted data, every event in the company's history we've captured, and (soon) external news. The full ratios diagnostic with peer benchmarks lives at /ratios.

Reference sources (3/5)

Source documents
Recent disclosure
Multi-year metrics
Targets
Certifications

External news

No ESG-relevant news ingested yet for this company. Run python -m pipeline.news_gdelt to backfill. Sourced from GDELT 2.0 (3-month trailing window).

Data by year· every metric + key events per year

Each year shows the firm's reported metrics on the left and the most material events on the right. Up to 10 events per year; the full event log is one click further.

2025

annual report ↗

P&L highlights (USD)

Headcount (FTE)	436people
Revenue	115.5M
Total operating expenses	(80.6M)

Balance sheet highlights (USD)

Property, plant & equipment	1.4M
Total assets	58.6M
Cash & equivalents	812,000

2024

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	42
Scope 2 (market-based)	17
Scope 3	2,893
Cat 6 · Business travel	1,618
Gross carbon footprint	2,952
Net carbon footprint	2,952

Energy (kWh)

Renewable energy %

100%

P&L highlights (USD)

Headcount (FTE)	452people
Revenue	113.2M
Total operating expenses	(78.2M)

Balance sheet highlights (USD)

Property, plant & equipment	1.7M
Total assets	54.9M
Cash & equivalents	1M

Events 2024· 11

100% removals target by 2030

L.E.K. is working toward 100% removals by 2030, increasing the proportion of removal credits over time while maintaining CarbonNeutral certification.

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Lower business travel reflects post-COVID norms

Business travel emissions are L.E.K.'s largest Scope 3 driver. The firm reports a 62% per-headcount reduction in Scope 3 business travel emissions between 2019 and 2024 driven by changed travel behaviours since COVID-19.

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SBTi-validated decarbonisation targets

L.E.K. Group's decarbonisation targets validated by Science Based Targets initiative; transition plan with multi-year sustainability targets approved by Board. Net-zero target by 2030.

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Accounting reference date changed to 31 March 2024

Partnership changed accounting reference date to align with UK tax year following UK Government's basis period reforms. Current period is 11 months (1 May 2023 to 31 March 2024); comparative is 12 months to 30 April 2023, affecting period-over-period comparability.

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Accounting reference date changed to 31 March

Partnership changed accounting reference date to 31 March 2024 to align with UK tax year. Prior period is 11 months ended 31 March 2024, so prior-year financials are not directly comparable to the current 12-month period.

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Reasonable assurance to ISO 14064

Emissions calculations verified to reasonable assurance ISO 14064 by an external independent environmental consultancy — a high level of assurance.

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100% renewable electricity sustained since 2022

L.E.K. maintained 100% renewable electricity across global offices in 2024, achieved via renewable contracts and Energy Attribute Certificates. Combined Scope 1 & 2 emissions ~66% lower than 2019 base year.

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Changed accounting reference date to 31 March (11-month period)

Partnership changed its accounting reference date to 31 March 2024 to align with the UK tax year following UK Government's basis period reforms. Current period reflects 11 months from 1 May 2023 to 31 March 2024; comparative period remains 12 months to 30 April 2023. Affects period-over-period comparability.

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100% renewable electricity maintained globally

L.E.K. continued to power its offices globally with 100% renewable electricity, first achieved in 2022, via renewable contracts and Energy Attribute Certificates.

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Reasonable assurance ISO 14064 verification

Emissions calculations have been verified to reasonable assurance ISO 14064 by an external independent environmental consultancy.

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see 1 more event →

2023

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	42
Scope 2 (market-based)	21
Scope 3	3,488
Cat 6 · Business travel	1,734
Gross carbon footprint	3,551
Net carbon footprint	3,551

Energy (kWh)

Renewable energy %

100%

P&L highlights (USD)

Headcount (FTE)	406people
Revenue	105.7M
Total operating expenses	(80.9M)

Balance sheet highlights (USD)

Property, plant & equipment	1.9M
Total assets	44.8M
Total debt	363,000
Cash & equivalents	455,000

Events 2023· 9

GHG reporting period misaligned with financial year

SECR/GHG emissions reported for calendar year ended 31 December 2022 rather than fiscal year ended 30 April 2023, to match the Group's reporting period.

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Net-zero by 2030 target

L.E.K. states target of net-zero impact on the environment by 2030, with decarbonisation targets validated by SBTi and a transition plan in place.

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Prior year revenue restated down by £5.0m for net presentation of direct expenses

Following review, the Partnership concluded that for certain direct expenses recharged with no mark-up it was acting as a buying agent and should report net rather than gross. Prior year revenue and other operating expenses each reduced by £5.0m (revenue from £105.7m to £100.7m). No effect on profit or balance sheet.

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Emissions verified to reasonable assurance under ISO 14064

Emissions calculations have been verified to reasonable assurance ISO 14064 by an external independent environmental consultancy.

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Business travel emissions surge post-COVID

Scope 3 business travel emissions rose 77% from 977 tCO2e (2022) to 1,734 tCO2e (2023) as travel resumed post-COVID, although still 64% lower per headcount vs 2019 baseline.

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Prior-year revenue restated down by £5.0m for agent-vs-principal

Following review of accounting for direct expenses recharged with no mark-up, certain categories now treated as buying-agent (net) rather than gross. Prior year revenue and other operating expenses both reduced by £5.0m; no change to profit or balance sheet.

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Reasonable assurance to ISO 14064 on emissions

Emissions calculations have been verified to reasonable assurance ISO 14064 by an external independent environmental consultancy.

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Significant rebound in Scope 3 business travel post-COVID

Business travel emissions rose from 977 tCO2e in 2022 to 1,734 tCO2e in 2023 as travel resumed post-COVID, though firm reports a 64% per headcount reduction vs 2019 baseline.

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ISO 14064 verification & CarbonNeutral certification

Emissions calculations verified to ISO 14064 by external environmental consultancy, contributing to CarbonNeutral company certification. Group also reported under TCFD and CDP for 2022.

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2022

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	45
Scope 2 (market-based)	22
Scope 3	2,289
Cat 6 · Business travel	977
Gross carbon footprint	2,356
Net carbon footprint	2,356

Energy (kWh)

Renewable energy %

100%

P&L highlights (USD)

Headcount (FTE)	319people
Revenue	100.6M
Total operating expenses	(66.3M)

Balance sheet highlights (USD)

Property, plant & equipment	2.3M
Total assets	49.2M
Total debt	10.4M
Cash & equivalents	3.8M

2021

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	48
Scope 2 (market-based)	126
Scope 3	1,251
Cat 6 · Business travel	318
Gross carbon footprint	1,425
Net carbon footprint	1,425

P&L highlights (USD)

Headcount (FTE)	307people
Revenue	81.2M
Total operating expenses	(48.7M)

Balance sheet highlights (USD)

Property, plant & equipment	2.7M
Total assets	55.1M
Total debt	10.7M
Cash & equivalents	3.6M

Events 2021· 6

Expanded GHG emissions scope under GHG Protocol; first reporting of Scope 1 and Scope 2

In 2021 the firm followed GHG Protocol Corporate Standard, Scope 2 Guidance and Scope 3 Standard, expanding the definition of emissions sources. Scope 1 (48 tCO2e) and Scope 2 (126 tCO2e) were reported for the first time, where 2020 showed only Scope 3. Combined with relaxation of Covid travel restrictions, this resulted in materially higher reported emissions (1,425 tCO2e vs 105 tCO2e).

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COVID-19 travel restrictions cut business travel emissions ~99%

UK Government travel restrictions imposed from March 2020 due to COVID-19 greatly reduced business travel emissions, with Scope 3 business travel falling from 1,610 tCO2e (2020) to 20 tCO2e (2021). Reduction is not from structural decarbonisation.

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Group offsets remaining emissions to maintain carbon-neutral status

L.E.K. Group has been carbon-neutral since 2008. In year to 31 Dec 2020, group offset 19,000 tonnes CO2 (2019: 22,000 tonnes) despite actual emissions being much reduced due to COVID travel restrictions.

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Reclassification of amounts due from related parties to fixed assets

Amounts due from related party undertakings for the year ended 30 April 2020 have been reclassified from current to fixed assets, as not expected to be settled within normal operating cycle.

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Covid travel restrictions relaxed — emissions rebounded

UK travel restrictions imposed in March 2020 greatly reduced 2020 emissions; restrictions were relaxed during 2021, materially increasing business travel emissions (20 → 318 tCO2e) and total emissions (105 → 1,425 tCO2e). 2020 figures should be treated as a Covid-distorted baseline.

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CarbonNeutral certification via offsets

For the year to 31 December 2021, the Group received CarbonNeutral certification by calculating its global carbon footprint and reducing it to zero through external emissions offsets and removal projects. Original carbon-neutral status achieved in January 2008.

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2020

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	0
Scope 2 (market-based)	0
Scope 3	105
Cat 6 · Business travel	20
Gross carbon footprint	105
Net carbon footprint	105

Energy (kWh)

Renewable energy %

100%

P&L highlights (USD)

Headcount (FTE)	319people
Revenue	86.8M
Total operating expenses	(53.2M)

Balance sheet highlights (USD)

Property, plant & equipment	3.5M
Total assets	58.2M
Total debt	10.7M
Cash & equivalents	10.1M