Laboratory Corporation of America Holdings
Labcorp's GHG Emissions Data Preview
In 2023, Labcorp 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).
Labcorp has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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 Labcorp's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Labcorp amounted to 338,194 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 2022, the total operational greenhouse gas (GHG) emissions of Labcorp increased by 0.09%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Labcorp's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Labcorp's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Labcorp were 182,265 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Labcorp reduced its Scope 1 emissions over time?
Since 2018, Labcorp's Scope 1 emissions have increased by 13.15%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Labcorp's Scope 1 emissions increased by 1.69%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Labcorp's Scope 2 emissions?
In 2023, Labcorp reported Scope 2 greenhouse gas (GHG) emissions of 149,702 tCOâ‚‚e using the market-based method, and 155,929 tCOâ‚‚e using the location-based method.
Has Labcorp reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Labcorp's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Labcorp 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Labcorp use for Scope 2 reporting?
In 2023, Labcorp reported its Scope 2 emissions using the market-based method and using the location-based method.
Labcorp's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Labcorp's Value Chain Emissions
In 2023, Labcorp reported 1,050,378 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 Labcorp includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Labcorp's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Labcorp's Scope 3 emissions?
In 2023, Labcorp reported total Scope 3 emissions of 1,050,378 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Compared to the previous year (2022), Labcorp's Scope 3 emissions remained relatively stable, indicating that Labcorp 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Labcorp disclose?
In 2023, Labcorp reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Labcorp's Scope 3 emissions?
In 2023, the largest contributors to Labcorp's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 625,075 tCOâ‚‚e (59.51%)
- Upstream Transportation and Distribution (Cat. 4): 241,621 tCOâ‚‚e (23%)
- Downstream Transportation and Distribution (Cat. 9): 93,470 tCOâ‚‚e (8.9%)
Labcorp's Scope 3 Emissions by Categories
Insights into Labcorp's Total Carbon Footprint
In 2023, Labcorp reported a total carbon footprint of 1,388,572 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.37% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Labcorp's total carbon footprint was Scope 3 emissions, accounting for 75.64% of the company's total carbon footprint, followed by Scope 1 emissions at 13.13%.