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.
← back to Data by year2025· 11 events
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.
sustainability_report p.6
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.
sustainability_report p.5
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.
sustainability_report p.5
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.
sustainability_report p.6
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.
sustainability_report p.4
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.
sustainability_report p.5
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).
sustainability_report p.6
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.
sustainability_report p.5
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.
sustainability_report p.5
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.
sustainability_report p.6
L.E.K. states that its emissions calculations have been verified to reasonable assurance ISO 14064 by an external independent environmental consultancy, representing a high level of verification for climate disclosures.
sustainability_report p.5
2024· 1 event
The Partnership changed its accounting reference date from 30 April to 31 March 2024, resulting in an 11-month reporting period (1 May 2023 to 31 March 2024) to align with UK tax year reforms. Comparative year remains 12 months to 30 April 2023.
sustainability_report p.3
2023· 12 events
L.E.K. aims to influence beyond its own footprint through client work that has positive environmental impact for the planet. As a strategy consulting firm, the firm recognises the potential for its advisory work to help clients decarbonise, contributing to avoided emissions at scale beyond its own operational footprint. This principle is embedded in L.E.K.'s environmental policy.
sustainability_report p.5
L.E.K. continues to purchase high-quality carbon credits to complement its decarbonisation initiatives and maintain CarbonNeutral® certification. The firm is actively increasing the proportion of removal credits over time relative to avoidance credits. Projects are carefully assessed for both their 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 a partnership with Tree-Nation, with nearly 11,000 trees in Shoshone National Park (Wyoming, USA) and Senegal.
sustainability_report p.5
The Partnership restated FY2023 revenue from £105,696k to £100,702k and other operating expenses from £36,430k to £31,436k (reduction of £4,994k each) due to reclassification of direct expenses where the Partnership acts as buying agent. No change to overall profit.
sustainability_report p.24
L.E.K. has had its decarbonisation targets validated by the Science Based Targets initiative (SBTi) and is working toward net-zero impact on the environment by 2030. A decarbonisation transition plan has been approved by the L.E.K. Board.
sustainability_report p.5
L.E.K. continues to hold certification as a CarbonNeutral® company, purchasing high-quality carbon credits to complement decarbonisation initiatives and increasing the proportion of removal credits over time.
sustainability_report p.5
Emissions calculations have been verified to reasonable assurance ISO 14064 by an external independent environmental consultancy.
sustainability_report p.5
L.E.K. is committed to advancing the United Nations Sustainable Development Goals (SDGs) as a global framework for sustainability, with this commitment considered critical to the firm's obligations to employees, clients, society and the planet.
sustainability_report p.6
In 2023, L.E.K. met its commitment to power all offices globally with 100% renewable electricity, continuing a goal first delivered in 2022. This was achieved through moving to renewable electricity contracts where possible and purchasing Energy Attribute Certificates (EACs) where direct procurement was not available. L.E.K. plans to continue sourcing 100% renewable electricity across its operations. Combined global Scope 1 & 2 emissions in 2023 were approximately 63% lower than the 2019 base year.
sustainability_report p.6
Business travel is the largest driver of L.E.K.'s Scope 3 carbon emissions. Post-COVID, virtual meetings have become standard practice and L.E.K. team members are flying less for internal purposes. The firm is also collaborating with clients to reduce flights for face-to-face meetings. These changes drove a global 64% per headcount reduction in Scope 3 business travel emissions between 2019 and 2023.
sustainability_report p.6
L.E.K.'s direct (Scope 1) emissions arise from combustion of gas in heating and cooling units in rented office premises; the company does not provide fuel for transport. Total energy consumption fell from 458 MWh (2022) to 342 MWh (2023) and Scope 1 fell from 45 tCO2e to 42 tCO2e. The firm is committed to becoming more energy efficient and reducing carbon emissions consistent with SBTi commitments.
sustainability_report p.5
Scope 3 'other business activities' totalled 1,754 tCO2e in 2023, representing a major component of total emissions alongside business travel. L.E.K.'s environmental policy expects all employees, contractors and suppliers to apply key environmental principles. The firm seeks to work with its suppliers and value chain to improve their own environmental performance and operate collaboratively to support L.E.K. in meeting its environmental targets.
sustainability_report p.5
Revenues grew from £100.6m to £105.7m (+5%), but operating profit declined 28% from £34.3m to £24.8m, driven by increased staff costs (up £10m) and other operating expenses in a challenging economic environment with reduced corporate transaction activity in H2.
sustainability_report p.3
2022· 12 events
Business travel is identified as the largest driver of L.E.K.'s Scope 3 carbon emissions. Post-COVID, virtual meetings have become standard business practice, and L.E.K. team members are flying less for internal purposes and collaborating with clients to reduce face-to-face meeting flights. These changes drove a global 61% per-headcount reduction in Scope 3 business travel emissions between 2019 and 2022.
sustainability_report p.5
The Group had its decarbonisation targets validated by SBTi and reported under TCFD for 2022, and completed the CDP climate survey. The L.E.K. Board also submitted a Communication on Progress to UNGC.
sustainability_report p.6
In 2022, L.E.K. reached a key milestone of powering all offices globally with 100% renewable electricity. This was achieved by moving to renewable electricity contracts where possible and purchasing Energy Attribute Certificates (EACs) where direct procurement was not available. The switch contributed to a worldwide 84% reduction in Scope 2 emissions between 2019 and 2022. L.E.K. plans to continue sourcing 100% renewable electricity across all operations in the future.
sustainability_report p.5
Direct Scope 1 emissions arise from combustion of gas in heating and cooling units in rented office premises; the company does not provide fuel for transport. Scope 1 emissions fell from 48 tCO2e (2021) to 45 tCO2e (2022). L.E.K.'s environmental policy commits all employees, contractors and suppliers to becoming more energy efficient and reducing carbon emissions consistent with SBTi commitments.
sustainability_report p.5
L.E.K. aims to influence beyond its own footprint through client work that has positive environmental impact for the planet. The firm's GoingGreener network organises initiatives across offices and held over 60 staff events in 2022 on sustainability topics including external ESG thought leaders and decarbonisation training delivered to all staff.
sustainability_report p.5
As L.E.K. transitions to a lower-carbon business model, it will continue to purchase high-quality carbon credits to complement its decarbonisation initiatives, increasing the proportion of removal credits over time. The firm carefully assesses supported projects for both emissions reductions and alignment with UN SDGs. L.E.K. also has an active tree-planting partnership with Tree-Nation (over 10,000 trees), described as supplemental to the formal offsetting strategy.
sustainability_report p.6
'Other business activities' (purchased goods and services / supply chain) accounted for 1,312 tCO2e in 2022, up from 933 tCO2e in 2021, and is the largest single Scope 3 category. L.E.K.'s environmental policy commits it to work with suppliers and its value chain to improve their own environmental performance and support L.E.K. in meeting its environmental targets.
sustainability_report p.5
L.E.K. has stated a target of net-zero impact on the environment by 2030, with SBTi-validated decarbonisation targets and a transition plan created to meet SBTi goals.
sustainability_report p.6
In 2022, L.E.K. reached a key milestone by powering all offices globally with 100% renewable electricity through renewable electricity contracts and Energy Attribute Certificates. This contributed to a worldwide 84% reduction in Scope 2 emissions between 2019 and 2022.
sustainability_report p.5
L.E.K.'s emissions calculations have been verified to ISO 14064 by an external environmental consultancy, contributing towards certification as a CarbonNeutral company.
sustainability_report p.6
In 2022, L.E.K. launched the Green Innovation Fund which funds the best ideas from offices to reduce carbon emissions, promote energy efficiency, encourage biodiversity and reduce waste.
sustainability_report p.4
In 2022, L.E.K. launched the Green Innovation Fund which funds the best ideas put forward from offices to reduce L.E.K.'s carbon emissions, promote energy efficiency, encourage biodiversity and reduce waste. This targets operational emissions from UK office locations.
sustainability_report p.4
2021· 12 events
The firm expanded its definition of emission sources, following GHG Protocol Corporate Standard, Scope 2 Guidance, and Corporate Value Chain (Scope 3) Accounting and Reporting Standard guidelines. This expanded scope, combined with relaxation of Covid travel restrictions, resulted in higher reported emissions than prior year.
sustainability_report p.4
The Group committed to the SBTi and is currently pursuing validation for targets in line with the goals of the Paris Agreement. Targets will be updated to better reflect outcomes as the process continues.
sustainability_report p.4
L.E.K. promotes green ways of working through the Group's GoingGreener initiative and staff engagement in de-carbonisation initiatives. This is described as a current initiative being pursued in pursuit of carbon emissions reduction and net zero targets alongside business travel reduction.
sustainability_report p.4
L.E.K. Consulting LLP's UK office in central London has sourced 100% renewable electricity through its building landlord since 2019, resulting in zero Scope 2 emissions in both FY2020 and FY2021. This has eliminated electricity-related indirect emissions from the UK operational footprint entirely.
sustainability_report p.4
JC Heskett was appointed designated member on 10 August 2020 while LM Verge and JNE Sparey resigned on the same date. MM Gordon continued as designated member throughout.
sustainability_report p.3
The L.E.K. Group has maintained carbon-neutral status across global operations since January 2008, being the first international management consulting firm to achieve this. The Group offsets all residual emissions; in the year to 31 December 2020, 19,000 tonnes of CO2 were offset (2019: 22,000 tonnes), with the reduction reflecting lower travel emissions under pandemic conditions. Offsets are used to neutralise emissions that cannot be avoided.
sustainability_report p.4
UK Government imposed travel restrictions from March 2020 due to Covid-19. Business travel emissions fell from 1,610 tCO2e in FY2020 to just 20 tCO2e in FY2021. Total UK emissions dropped from 1,749 to 105 tCO2e.
sustainability_report p.4
Amounts due from related party undertakings for the year ended 30 April 2020 were reclassified from current to fixed assets. Prior year balance sheet comparatives restated accordingly.
sustainability_report p.11
The firm's primary source of GHG emissions is business travel (Scope 3 Category 6). Travel guidelines issued to staff promote the use of public transport where practical and with due regard for personal safety. Covid-19 travel restrictions from March 2020 reduced travel emissions from 1,610 tCO2e (FY2020) to just 20 tCO2e (FY2021), highlighting travel as the dominant lever for decarbonisation.
sustainability_report p.4
L.E.K. identifies reducing emissions from business travel and employee commuting as a primary current initiative in pursuit of carbon emissions reduction and net zero targets. Travel guidelines are issued to staff promoting the use of public transport where practical. Business travel is the largest single Scope 3 category, accounting for 318 tCO2e in 2021 (up from near-zero during COVID restrictions in 2020).
sustainability_report p.4
In the year to 31 December 2021, the Group received CarbonNeutral certification, achieved by calculating the firm's global carbon footprint and reducing it to zero through external emissions offsets and removal projects. The Group became the first international management consulting firm to achieve carbon-neutral status in January 2008.
sustainability_report p.4
L.E.K. achieves CarbonNeutral certification each year by calculating its global carbon footprint and reducing it to zero through external emissions offsets and removal projects. The Group has held carbon-neutral status since January 2008, when it became the first international management consulting firm to achieve this. The methodology follows GHG Protocol Corporate Standard and Scope 2 Guidance.
sustainability_report p.4
2020· 8 events
During the year, L.E.K.'s revenues increased by 6% from £82.2m to £86.8m, with net cash overdrafts falling and trade debtors decreasing.
sustainability_report p.3
In January 2008, the L.E.K. Group became the first international management consulting firm to achieve carbon-neutral status globally. The Group offset 19,000 tCO2e in the year to 31 December 2020 (2019: 22,000 tonnes), with lower offsets reflecting reduced travel.
sustainability_report p.4
In January 2008, the L.E.K. Group became the first management consulting firm to achieve carbon-neutral status across its global operations. The Group's policy is to measure, reduce and offset carbon emissions. In year to 31 December 2019, the group offset 22,000 tonnes of CO2 (2018: 20,000 tonnes).
sustainability_report p.4
Travel guidelines issued to staff promote the use of public transport where practical and with due regard for personal safety. Business travel (1,610 tCO2e in FY2020) is the dominant emission source for the UK LLP and the primary lever for reducing the reported Scope 3 footprint.
sustainability_report p.4
The L.E.K. Group's environmental policy is to measure, reduce and offset carbon emissions. The Group has maintained carbon-neutral status globally since January 2008. In calendar year 2019, the group offset 22,000 tonnes of CO2 (up from 20,000 tonnes in 2018), compensating for residual emissions that cannot yet be eliminated through reduction measures.
sustainability_report p.4
UK Government imposed travel restrictions from March 2020 greatly reduced overall emissions from levels experienced in previous years. 2020 figures (105 tCO2e total Scope 3 vs 1,251 in 2021) reflect these restrictions rather than genuine decarbonisation.
sustainability_report p.4
As of 2019-20, UK law requires the LLP to report certain greenhouse gas emissions from UK operations under the Streamlined Energy and Carbon Reporting (SECR) framework. This is the first year such disclosures appear in the annual report.
sustainability_report p.4
The LLP's office building in central London is supplied with certified 100% renewable electricity, resulting in zero Scope 1 and Scope 2 emissions from electricity usage. This underpins the firm's carbon-neutral commitment at the UK entity level and eliminates location-based electricity emissions from the reported footprint.
sustainability_report p.4
2019· 1 event
Management worked with the building's landlord to source renewable electricity for the UK office in central London, achieved since 2019, resulting in zero Scope 2 emissions.
sustainability_report p.4