La-Z-Boy Inc

Common Name
La-Z-Boy
Country
United States
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Employees
10,200
Ticker
LZB
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
La-Z-Boy Inc. is a prominent American manufacturer of residential furniture, widely recognized for its iconic reclining chairs and other comfortable seating options. The company primarily focuses on d...

La-Z-Boy's GHG Emissions Data Preview

In 2023, La-Z-Boy completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

La-Z-Boy has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into La-Z-Boy's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of La-Z-Boy amounted to 75,362 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2021, the total operational greenhouse gas (GHG) emissions of La-Z-Boy increased by 42.64%, suggesting that the company faced challenges in reducing its emissions from its core operations.

La-Z-Boy's Scope 1 Emissions Over Time

20212023010 k20 k30 k40 ktCO2e+67%
  • Total Scope 1
  • Year-over-Year Change

What are La-Z-Boy's Scope 1 emissions?

In 2023, the total Scope 1 emissions of La-Z-Boy were 39,430 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Compared to the previous year (2021), La-Z-Boy's Scope 1 emissions increased by 67.18%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are La-Z-Boy's Scope 2 emissions?

In 2023, La-Z-Boy reported Scope 2 greenhouse gas (GHG) emissions of 13,135 tCOâ‚‚e using the market-based method, and 35,932 tCOâ‚‚e using the location-based method.

What methodology does La-Z-Boy use for Scope 2 reporting?

In 2023, La-Z-Boy reported its Scope 2 emissions using the market-based method and using the location-based method.

La-Z-Boy's Scope 2 Emissions Over Time

2021202309 k18 k27 k36 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into La-Z-Boy's Value Chain Emissions

In 2023, La-Z-Boy reported 902,325 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of La-Z-Boy includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2021, reflecting improved emissions accounting practices and greater transparency across the company's value chain

La-Z-Boy's Scope 3 Emissions Over Time

202120230250 k500 k750 k1 MtCO2e+42%
  • Total Scope 3
  • Year-over-Year Change

What are La-Z-Boy's Scope 3 emissions?

In 2023, La-Z-Boy reported total Scope 3 emissions of 902,325 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 91.15% of these emissions originated from upstream activities such as purchased goods and capital goods, while 8.85% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2021), La-Z-Boy's Scope 3 emissions increased by 41.52%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does La-Z-Boy disclose?

In 2023, La-Z-Boy reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of La-Z-Boy's Scope 3 emissions?

In 2023, the largest contributors to La-Z-Boy's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 616,247 tCOâ‚‚e (68.3%)
  • Upstream Transportation and Distribution (Cat. 4): 89,799 tCOâ‚‚e (9.95%)
  • End-of-Life Treatment of Sold Products (Cat. 12): 67,475 tCOâ‚‚e (7.48%)

La-Z-Boy's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(68.3%)End-of-LifeTreatment of SoldProducts (Cat. 12)(7.5%)UpstreamTransportation andDistribution(Cat. 4)(10.0%)

Insights into La-Z-Boy's Total Carbon Footprint

In 2023, La-Z-Boy reported a total carbon footprint of 977,687 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 41.61% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.

The largest contributor to La-Z-Boy's total carbon footprint was Scope 3 emissions, accounting for 92.29% of the company's total carbon footprint, followed by Scope 1 emissions at 4.03%.