Lincoln Electric Holdings, Inc.

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022

In its 2023 reporting, Lincoln Electric Holdings, Inc. disclosed greenhouse gas emissions of 193.1K tCO2e/year. By scope: Scope 1: 69.2K tCO2e/year; Scope 2: 123.9K tCO2e/year. 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.

💨
GHG Emissions
193.1K tCO2e/year
2023
⚡
Renewable Energy
4.2%
of total energy
💧
Water Usage
904.5K m3/year
2023
⚙️
Energy Use
2.2M GJ
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).69.2K tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.123.9K tCO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2023193.1K tCO2e/year
2022186.9K tCO2e

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce water consumption by 14% by 2025
  • Achieve a 97% landfill avoidance rate by 2025
  • Achieve an 80% recycling rate by 2025

📅 Medium-term

  • Reduce Scope 1 and 2 GHG emissions by 10% by 2025

🌱 ESG Focus Areas

SafetyGreenhouse Gas EmissionsEnergy IntensityRecyclingLandfill AvoidanceWater UsageClimate ChangeEmployee Health & SafetyEthical Corporate BehaviorWaste & Hazardous Materials ManagementWorkforce ManagementEmployee Diversity and InclusionCustomer Privacy/Data SecurityEnergy Management

⚠️ Challenges & Risks +

  • Supply chain disruptions
  • Climate-related risks (physical and transition)
  • Declining personal disposable income of consumers
  • Shifting customer and product base
  • Stress impacts on labor productivity
  • Labor market disruption
  • Raw material scarcity
  • Stakeholder expectations for decarbonization
  • Declining employee health
  • Increased disruption and costs in the supply chain and operations

📋 Report Information

Reporting Period: 2023
Frameworks: SASB, TCFD
Assurance: Bureau Veritas UK Ltd.