Commercial, Energy Efficiency, GHG Emissions  -  August 20, 2024

Lumos Sets SBTi Goals

Lumos, a fiber optic internet and home Wi-Fi service provider based in High Point, North Carolina, announced its participation in the Science Based Targets initiative. 

By 2030, Lumos committed to reducing its absolute Scope 1 and 2 GHG emissions by 42%, Scope 3 capital goods GHG emissions by 51.6% per foot of fiber installed and Scope 3 GHG emissions from downstream leased assets by 51.6% per customer. All percentages are measured against base-level 2022 GHG data.

"We are proud of the progress we have made in sustainability and are eager to continue the upward trajectory," said Lumos CEO Brian Stading in a statement. "We strongly believe fiber internet is the future. Fiber is significantly faster than traditional copper wires, more energy efficient, requires fewer manufacturing materials and lasts longer."

In addition to participating in SBTi's campaign, Lumos signed a $1.1B sustainability-linked infrastructure financing in 2023 to fund fiber expansion plans across the Mid-Atlantic.