Lockheed Martin Corp

Common Name
Lockheed Martin
Country
United States
Sector
Industrials
Industry
Aerospace & Defense
Employees
121,000
Ticker
LMT
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Lockheed Martin Corporation is a prominent player in the aerospace, defense, and security sectors, globally recognized for its advanced technology and innovation. Primarily engaged in the research, de...

Lockheed Martin's GHG Emissions Data Preview

In 2024, Lockheed Martin 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).

Lockheed Martin has also provided a category-level breakdown for 8 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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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 Lockheed Martin's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Lockheed Martin amounted to 820,713 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 2023, the total operational greenhouse gas (GHG) emissions of Lockheed Martin decreased by 1.74%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Lockheed Martin's Scope 1 Emissions Over Time

2018201920202021202220232024080 k160 k240 k320 ktCO2e+5%0%0%+2%-3%-4%
  • Total Scope 1
  • Year-over-Year Change

What are Lockheed Martin's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Lockheed Martin were 294,431 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Lockheed Martin reduced its Scope 1 emissions over time?

Since 2018, Lockheed Martin's Scope 1 emissions have remained relatively, stable, indicating that Lockheed Martin's emissions have plateaued with no significant change in its operational footprint.

Compared to the previous year (2023), Lockheed Martin's Scope 1 emissions decreased by 3.6%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Lockheed Martin's Scope 2 emissions?

In 2024, Lockheed Martin reported Scope 2 greenhouse gas (GHG) emissions of 365,395 tCOâ‚‚e using the market-based method, and 526,282 tCOâ‚‚e using the location-based method.

Has Lockheed Martin reduced its Scope 2 emissions over time?

Since 2018, Lockheed Martin's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 21.81%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2023), Lockheed Martin's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Lockheed Martin 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Lockheed Martin use for Scope 2 reporting?

In 2024, Lockheed Martin reported its Scope 2 emissions using the market-based method and using the location-based method.

Lockheed Martin's Scope 2 Emissions Over Time

20182019202020212022202320240200 k400 k600 k800 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Lockheed Martin's Value Chain Emissions

In 2024, Lockheed Martin reported 19,954,439 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 2024 disclosure of Lockheed Martin includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Lockheed Martin's Scope 3 Emissions Over Time

201820192020202120222023202408 M16 M24 M32 MtCO2e-14%+5%+1%0%-3%-27%
  • Total Scope 3
  • Year-over-Year Change

What are Lockheed Martin's Scope 3 emissions?

In 2024, Lockheed Martin reported total Scope 3 emissions of 19,954,439 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 29.97% of these emissions originated from upstream activities such as purchased goods and capital goods, while 70.03% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Lockheed Martin reduced its Scope 3 emissions over time?

Since 2018, Lockheed Martin's Scope 3 emissions have decreased by 35.41%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2023), Lockheed Martin's Scope 3 emissions decreased by 27.49%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Lockheed Martin disclose?

In 2024, Lockheed Martin reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Lockheed Martin's Scope 3 emissions?

In 2024, the largest contributors to Lockheed Martin's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 13,973,831 tCOâ‚‚e (70.03%)
  • Purchased Goods and Services (Cat. 1): 4,968,229 tCOâ‚‚e (24.9%)
  • Capital Goods (Cat. 2): 551,596 tCOâ‚‚e (2.76%)

Lockheed Martin's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(70.0%)Purchased Goods andServices (Cat. 1)(24.9%)Capital Goods(Cat. 2)(2.8%)

Insights into Lockheed Martin's Total Carbon Footprint

In 2024, Lockheed Martin reported a total carbon footprint of 20,775,152 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 26.74% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Lockheed Martin's total carbon footprint was Scope 3 emissions, accounting for 96.05% of the company's total carbon footprint, followed by Scope 2 emissions at 2.53%.

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