LPL Sustainability Report

Business the socially responsible way

At LPL Financial, our mission drives everything we do. It keeps us focused, agile, and accountable so we can take care of our advisors even as demographics change, new technologies emerge, and our industry transforms.

Our mission also ensures we focus our business on areas that create the greatest positive impact. While at its core LPL’s business affects our employees, our advisors, and their clients, we also recognize that there are environmental, social, and governance (ESG) factors we affect through our work. 

Learn about our initiatives, accomplishments, and ongoing efforts in our corporate sustainability report.

Social responsibility in action

Our sustainable framework begins by applying an ESG lens to all of our business priorities.

Strategy – To create conditions that will underpin the sustainability of an industry-leading service experience, and to develop ESG as a business driver that helps our clients operate and grow their practices.

Execution – Ensuring sustainable quality as we continuously improve. Reducing waste and prioritizing resources – both human and financial – where they most positively impact our clients.

Culture – ESG is the epitome of one of our cultural values around big picture thinking, encouraging us to think about every upstream and downstream impact to our business and the environment we operate in.

2022 social responsibility highlights

• LPL makes Newsweek’s 2022 List of America’s Most Responsible Companies
• LPL Financial received a perfect score from the Human Rights Campaign on our Corporate Equality Index, earning the designation “Best Place to Work for LGBTQ Equality”
• More than 1,600 employees participate in 10 Employee Resource Groups
• Winner of two “Wealthies” awards for excellence in technology innovations and diversity initiatives. Criteria include quantitative measures — such as specific support levels, scope, scale, advisor/client survey scores, usage, etc. — along with qualitative measures such as innovation, creativity, new methods of delivery, etc.
• The LPL Financial Foundation, extended over $2.6 million in financial support to national and local organizations serving those in need
• Emerging Leaders Program Gold Award, Best Advance in Leadership Development (Brandon Hall Group.) Gold award based on program criteria that included: design and delivery; adoption; measurable benefits; and overall positive impact on participants and the firm.
• LPL named one of JUST Capital’s Top 100 U.S. Companies Supporting Healthy Families and Communities. This ranking [ER1] leverages data that identify the 10 issues that best define how companies invest in the health and well-being of their workers, the families they support, and the communities in which they operate; fair pay, livable wage, diverse and inclusive workplace, worker health and safety, benefits and work-life balance, community development, supports local communities, products that do not harm, combat climate change, minimizes pollution, prioritizes value creation.

Respecting Human Rights

We believe we can make a positive difference if we begin by respecting the basic fundamental freedoms of human rights.

Vendor Code of Conduct

LPL's Mission Statement, “We take care of our advisors, so they can take care of their clients,” reflects our passion in serving our advisors, who make a positive impact on the lives of millions of people across the country. Our many Vendors and business partners that provide products and services to LPL play a critical role in supporting our achievement of this mission.

LPL Steering Committee Charter

LPL’s ESG Steering Committee is a cross-functional management committee that assists our senior executive leadership team in setting general strategy relating to ESG.

Additional Links:

• 2022 Sustainability Report
• 2021 Sustainability Report
• 2020 Sustainability Report 
• LPL’s Annual Report
• LPL’s Proxy
• Environmental Stewardship Policy
• LPL Product Risk Governance Policy