In 2024, Lincoln Electric Holdings 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) and Scope 2 (indirect emissions from purchased energy).
However, Lincoln Electric Holdings has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 71,164a | 69,164b | 66,959b | |
Total Scope 2 | ||||
Location-Based | 119,828a | 123,924b | 119,901b | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 17.7525a | 16.5005b | 17.8025b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Lincoln Electric Holdings amounted to 190,992 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Lincoln Electric Holdings decreased by 1.09%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Lincoln Electric Holdings were 71,164 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Lincoln Electric Holdings's Scope 1 emissions have remained relatively, stable, indicating that Lincoln Electric Holdings's emissions have plateaued with no significant change in its operational footprint.ab
Compared to the previous year (2023), Lincoln Electric Holdings's Scope 1 emissions increased by 2.89%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Lincoln Electric Holdings reported Scope 2 greenhouse gas (GHG) emissions of 119,828 tCO₂e using the location-based method.a
Since 2019, Lincoln Electric Holdings's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 17.11%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Lincoln Electric Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Lincoln Electric Holdings's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Lincoln Electric Holdings reported its Scope 2 emissions using the location-based method.a
In 2024, Lincoln Electric Holdings reported Scope 1 greenhouse gas (GHG) emissions of 71,164 tCO₂e and total revenues of USD 4,009 millions. This translates into an emissions intensity of 17.75 tCO₂e per millions USD.a
In 2024, Lincoln Electric Holdings reported a Scope 1 emissions intensity of 17.75 tCO₂e per millions USD. Compared to the peer group median of 7.07, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Lincoln Electric Holdings ranked 22 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Lincoln Electric Holdings among the least efficient performers, with one of the highest emissions intensities in its sector.a