- Adverse market conditions and macroeconomic uncertainty
- Post-pandemic destocking by customers
- Rising cost of living reducing discretionary consumer spending
- Currency exchange rate headwinds
- Increased wage costs
Luceco plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Luceco plc disclosed greenhouse gas emissions of 497.5K tCO2e/year. By scope: Scope 1: 1.1K tCO2e/year; Scope 3: 496.4K 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
497.5K tCO2e/year
2023
Renewable Energy
100%
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 496.4K 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 period | Headline emissions figure reported |
|---|---|
| 2023 | 497.5K tCO2e/year |
| 2022 | 583.7K tCO2e/year (2022) |
| 2021 | 1.1K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Operations carbon neutral since 2021
- £80m revenue from low carbon products in 2023 (target of £100m by 2025)
- Received validation from the Science Based Targets initiative (SBTi) for emission reduction targets
🎯 Climate & Sustainability Targets
🔜 Short-term
- £100m revenue from low carbon products by 2025
- Reduce water consumption by 10% by 2025 (Not explicitly stated but implied)
📅 Medium-term
- Reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2031
- Reduce absolute Scope 3 GHG emissions by 27.5% by 2031
- Achieve 40% women on the Board by 2025
- Achieve at least one Director from an ethnic minority background by 2026
🔭 Long-term
- Net zero emissions by 2050 (implied)
🌱 ESG Focus Areas
Climate changeEmployee empowermentEthical and transparent operations