- Persistent macroeconomic pressures impacted our DIY customer demand in 2023, particularly in bigger-ticket purchases.
- DIY demand remains uncertain
- Lumber deflation
Lowe's Companies, Inc.
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 1.8K thousand metric tons CO2e (Scope 1+2) |
| 2021 | 1.7K thousand metric tons CO2e (Scope 1 and 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Included in the Dow Jones Sustainability Index for North America for the fifth consecutive year.
- Established a goal to reach net-zero emissions across the Company’s scope 1, 2, and 3 GHG emissions by 2050.
- Committed to decreasing its scope 1 and 2 emissions by 40% and reducing scope 3 emissions by 22.5% below 2021 levels by 2030.
- Spent more than $400 million across multiple projects including replacing stores’ aging HVAC units with high efficiency models, installing and updating building management systems, installing pallet grinders, and completing indoor LED lighting upgrades.
- Announced plans to install rooftop solar panels at 174 store and distribution center locations nationwide, including more than 50 sites currently in operation. Once each site is completed, the solar panels will provide approximately 90% of the energy usage at each location.
🎯 Climate & Sustainability Targets
📅 Medium-term
- decreasing its scope 1 and 2 emissions by 40% and reducing scope 3 emissions by 22.5% below 2021 levels by 2030
- reach net-zero emissions across the Company’s scope 1, 2, and 3 GHG emissions by 2050
🔭 Long-term
- reach net-zero emissions across the Company’s scope 1, 2, and 3 GHG emissions by 2050
🌱 ESG Focus Areas
People and CommunitiesProduct SustainabilityReducing the environmental footprint of our operations