100% renewable electricity globally via contracts and EACs L.E.K. has committed to powering all its offices globally with 100% renewable electricity, a goal first delivered in 2022 and maintained through 2024. This is achieved through moving to renewable electricity contracts where possible and purchasing Energy Attribute Certificates (EACs) where direct procurement is not available. The firm plans to continue sourcing 100% renewable electricity across operations in the future.
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Increasing proportion of removal credits toward 100% removals by 2030 L.E.K. continues to purchase high-quality carbon credits to complement its decarbonisation initiatives, and is increasing the proportion of removal credits over time, targeting 100% removals by 2030. The firm maintains its CarbonNeutral® certification and carefully assesses supported projects for emissions reductions and alignment with UN SDGs. Since 2021, L.E.K. has also planted a tree for every past and current team member globally through Tree-Nation, with nearly 11,500 trees in the 'L.E.K. forest', supplementary to the formal offsetting strategy.
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Target of 100% carbon removals by 2030 L.E.K. has a stated target of 100% removals (carbon credits) by 2030 as part of its CarbonNeutral certification strategy, increasing the proportion of removal credits over time to complement decarbonisation initiatives.
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SBTi decarbonisation targets validated for L.E.K. Group The Group has had its decarbonisation targets validated by the Science Based Targets initiative (SBTi). A decarbonisation transition plan including multi-year sustainability objectives has been approved by the L.E.K. Board.
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New $245m group funding facility agreed June 2025 On 8 June 2025, the Directors of the Group agreed a new $245 million funding facility ($105m term loan and $140m revolving credit facility) replacing the existing $167m RCF due to expire June 2026. Provides financing through to June 2029.
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SECR emissions table uses December year-end rather than March The GHG/SECR table in the Members' Report is headed 'December 2024' and 'December 2023', while the financial statements are for year ended 31 March 2025. This suggests climate reporting follows a calendar year or different cut-off to the financial year.
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Primary: Business travel reduction via virtual meetings and behavioural shift Business travel is the largest driver of L.E.K.'s Scope 3 emissions. Post-COVID, virtual meetings have become standard business practice, with L.E.K. members flying less for internal purposes and collaborating with clients to reduce face-to-face flights. These changes drove a global 62% per-headcount reduction in Scope 3 business travel emissions between 2019 and 2024. Business travel emissions fell further from 1,734 tCO2e (Dec 2023) to 1,618 tCO2e (Dec 2024).
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Primary: Office energy decarbonisation via renewable electricity and efficiency L.E.K.'s Scope 1 emissions arise solely from combustion of gas for heating/cooling in rented offices, held flat at 42 tCO2e. Scope 2 market-based emissions fell from 21 to 17 tCO2e as the firm maintained 100% renewable electricity procurement. Combined global Scope 1 & 2 emissions were approximately 66% lower than the 2019 base year by 2024. Total energy consumption declined from 342 MWh'000 to 308 MWh'000 year-on-year.
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Dependent: Supply chain and other business activities emissions management L.E.K. reports 'other business activities' as a Scope 3 category (cat 1/purchased goods proxy), which fell from 1,754 tCO2e to 1,275 tCO2e between the December 2023 and 2024 reporting periods. The firm's environmental policy requires working with suppliers and the value chain to improve their environmental performance and support L.E.K. in meeting its targets, consistent with GHG Protocol Corporate Value Chain (Scope 3) guidelines.
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Primary: SBTi-aligned decarbonisation transition plan The Group's decarbonisation targets have been validated by the Science Based Targets initiative (SBTi). L.E.K. has created a decarbonisation transition plan featuring an ambitious set of multi-year sustainability objectives approved by the L.E.K. Board. The firm's environmental policy commits all employees, contractors and suppliers to becoming more energy efficient and reducing carbon emissions consistent with SBTi commitments, and to transparently reporting performance against targets.
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