Commercial, Energy Efficiency, GHG Emissions - July 21, 2023
Lowe’s Lowers Emissions by 49%, Collaborates for Efficiency
Lowe’s, a home improvement retailer, achieved a 49% reduction in Scope 1 and 2 GHG emissions since 2016 and a 6% reduction in total energy consumption since 2021. The retailer has committed to decreasing its Scope 1 and 2 emissions by 40% and reducing Scope 3 emissions by 22.5% below 2021 levels by 2030.
The company also collaborated with suppliers to help drive efficiency, electrification and renewable energy in manufacturing processes. Among Lowe's strategic suppliers, 86% have set sustainability goals.
Details were provided in Lowe's 2022 Corporate Responsibility Report.
"At Lowe's, we take pride in being one of the most trusted brands in America, and I'm grateful for the 300,000 associates whose hard work and dedication make that possible," said Marvin Ellison, Lowe's chairman and CEO in a statement. "We have a responsibility to the customers and communities we serve, and this report not only reflects our efforts and advancements but also our culture of continuous improvement."
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