RVBA-LEK

LEK Consulting — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2025· 1 event

SBTi-validated decarbonisation targetsData confidence — high

The Group has had its decarbonisation targets validated by the Science Based Targets initiative (SBTi). A multi-year transition plan with sustainability objectives has been approved by the L.E.K. Board.

sustainability_report p.6

2024· 11 events

100% removals target by 2030Data confidence — high

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

sustainability_report p.5

Lower business travel reflects post-COVID normsaffects scope 3 business travelData confidence — high

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.

sustainability_report p.6

SBTi-validated decarbonisation targetsData confidence — high

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.

sustainability_report p.6

Accounting reference date changed to 31 March 2024Data confidence — high

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.

sustainability_report p.3

Accounting reference date changed to 31 MarchData confidence — high

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.

sustainability_report p.3

Reasonable assurance to ISO 14064Data confidence — high

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

sustainability_report p.5

100% renewable electricity sustained since 2022Data confidence — high

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.

sustainability_report p.6

Changed accounting reference date to 31 March (11-month period)Data confidence — high

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.

sustainability_report p.3

100% renewable electricity maintained globallyaffects renewable energy pctData confidence — high

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

sustainability_report p.6

Reasonable assurance ISO 14064 verificationData confidence — high

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

sustainability_report p.5

SBTi-validated decarbonisation targets and net-zero by 2030Data confidence — high

The Group has had its decarbonisation targets validated by the Science Based Targets initiative (SBTi) and has created a multi-year decarbonisation transition plan. Targets net-zero impact on the environment by 2030.

sustainability_report p.6

2023· 9 events

GHG reporting period misaligned with financial yearData confidence — high

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.

sustainability_report p.4

Net-zero by 2030 targetData confidence — high

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.

sustainability_report p.6

Prior year revenue restated down by £5.0m for net presentation of direct expensesaffects revenueData confidence — high

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.

sustainability_report p.24

Emissions verified to reasonable assurance under ISO 14064Data confidence — high

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

sustainability_report p.5

Business travel emissions surge post-COVIDaffects scope 3 business travelData confidence — high

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.

sustainability_report p.6

Prior-year revenue restated down by £5.0m for agent-vs-principalaffects revenueData confidence — high

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.

sustainability_report p.24

Reasonable assurance to ISO 14064 on emissionsData confidence — high

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

sustainability_report p.5

Significant rebound in Scope 3 business travel post-COVIDaffects scope 3 business travelData confidence — high

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.

sustainability_report p.6

ISO 14064 verification & CarbonNeutral certificationData confidence — high

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

sustainability_report p.6

2022· 3 events

Post-COVID rebound in business travel emissionsaffects scope 3 business travelData confidence — high

Scope 3 business travel emissions rose from 318 tCO2e (2021) to 977 tCO2e (2022) as travel resumed post-COVID, despite firm reporting a 61% per-headcount reduction vs 2019.

sustainability_report p.5

100% renewable electricity globally achievedaffects renewable energy pctData confidence — high

In 2022, L.E.K. reached 100% renewable electricity across global offices via renewable contracts and EACs, contributing to an 84% Scope 2 reduction since 2019.

sustainability_report p.5

Committed to Science Based Targets initiative (SBTi)Data confidence — high

The Group has committed to the Science-Based Targets initiative (SBTi) and is currently pursuing validation for these targets in line with the goals of the Paris Agreement. Targets to be updated as validation progresses.

sustainability_report p.4

2021· 6 events

Expanded GHG emissions scope under GHG Protocol; first reporting of Scope 1 and Scope 2Data confidence — high

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).

sustainability_report p.4

COVID-19 travel restrictions cut business travel emissions ~99%Data confidence — high

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.

sustainability_report p.4

Group offsets remaining emissions to maintain carbon-neutral statusData confidence — high

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.

sustainability_report p.4

Reclassification of amounts due from related parties to fixed assetsData confidence — high

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.

sustainability_report p.11

Covid travel restrictions relaxed — emissions reboundedData confidence — high

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.

sustainability_report p.4

CarbonNeutral certification via offsetsData confidence — high

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.

sustainability_report p.4

2020· 3 events

L.E.K. Group carbon-neutral since 2008 with offsetsData confidence — high

L.E.K. Group has been carbon-neutral across global operations since January 2008. Group offset 22,000 tonnes CO2 in year to 31 Dec 2019 (2018: 20,000 tonnes). Note this is Group-wide, not just the LLP.

sustainability_report p.4

Covid-19 pandemic impact consideredData confidence — high

Members considered Covid-19 impact on business, with forecasts assuming 12-24 months for return to pre-pandemic levels of UK travel restrictions. Affects revenue trajectory and reduced business travel emissions.

sustainability_report p.4

First SECR disclosure under UK lawData confidence — high

As of 2019-20, UK law requires the LLP to report certain GHG emissions from UK operations under SECR. This is the first year of mandatory streamlined energy and carbon reporting; only 2020 data shown, no comparator.

sustainability_report p.4

2019· 1 event

Renewable electricity sourced for London office since 2019Data confidence — high

Management worked with the building landlord to source renewable electricity for the central London office, achieved since 2019. Results in nil reported Scope 2 electricity emissions.

sustainability_report p.4