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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 leading global aerospace and defense company specializing in the design, manufacture, and marketing of advanced aeronautic, submarine, and aerospace systems. The compa...

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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0000000
Total Scope 2
Market-Based
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a
0000000
Location-Based
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a
0000000
Total Scope 3
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Lockheed Martin’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Lockheed Martin’s data sources below and access millions more through our Disclosure Search.

a. Lockheed Martin's Sustainability Report 2024
a. Lockheed Martin's Sustainability Report 2024
b. Lockheed Martin's Sustainability Data Spreadsheet 2023
b. Lockheed Martin's Sustainability Data Spreadsheet 2023

Insights into Lockheed Martin's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofLockheed Martin amounted to820,713metric 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 Lockheed Martindecreased by 1.74%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Lockheed Martin's Scope 1 Emissions Over Time

201920202021202220232024080 k160 k240 k320 ktCO2e0%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).a

Has Lockheed Martin reduced its Scope 1 emissions over time?

Since 2019, Lockheed Martin's Scope 1 emissions have decreased by 3.58%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

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.a

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.a

Has Lockheed Martin reduced its Scope 2 emissions over time?

Since 2019, Lockheed Martin's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 20.58%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

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.a

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.a

Lockheed Martin's Scope 2 Emissions Over Time

2019202020212022202320240200 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.a

The 2024 disclosure of Lockheed Martin includes a breakdown across 8of 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.a

Lockheed Martin's Scope 3 Emissions Over Time

20192020202120222023202407.5 M15 M22.5 M30 MtCO2e+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).a

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.a

Has Lockheed Martin reduced its Scope 3 emissions over time?

Since 2019, Lockheed Martin's Scope 3 emissionshave decreased by 24.85%, reflecting a declining long-term trend in Scope 3 emissions over time.ab

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.a

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.a

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:a

  • 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

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

Insights into Lockheed Martin’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Lockheed Martin reported Scope 1 greenhouse gas (GHG) emissions of 294,431 tCOâ‚‚e and total revenues of USD 71,043 millions. This translates into an emissions intensity of 4.14 tCOâ‚‚e per millions USD.a

Lockheed Martin's Scope 1 Emissions Intensity Compared to Peers

2,00020,000500,0005,000,00050,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)AWaste Management IncYear: 2024Scope 1: 13,525,800 tCO2eRevenue: $M 22,063Scope 1 Intensity: 613.05 tCO2e/$MNorthrop GrummanYear: 2024Scope 1: 284,710 tCO2eRevenue: $M 41,033Scope 1 Intensity: 6.94 tCO2e/$MCurtiss-WrightYear: 2024Scope 1: 16,477 tCO2eRevenue: $M 3,121Scope 1 Intensity: 5.28 tCO2e/$MUnited Parcel ServiceYear: 2024Scope 1: 14,408,000 tCO2eRevenue: $M 91,070Scope 1 Intensity: 158.21 tCO2e/$MTransDigm GroupYear: 2024Scope 1: 51,376 tCO2eRevenue: $M 7,940Scope 1 Intensity: 6.47 tCO2e/$MSpirit AeroSystems HoldingsYear: 2022Scope 1: 135,663 tCO2eRevenue: $M 5,030Scope 1 Intensity: 26.97 tCO2e/$MHowmet AerospaceYear: 2024Scope 1: 390,000 tCO2eRevenue: $M 7,430Scope 1 Intensity: 52.49 tCO2e/$MParker-HannifinYear: 2024Scope 1: 128,862 tCO2eRevenue: $M 19,929Scope 1 Intensity: 6.47 tCO2e/$MGeneral ElectricYear: 2024Scope 1: 283,359 tCO2eRevenue: $M 38,702Scope 1 Intensity: 7.32 tCO2e/$MTextronYear: 2024Scope 1: 230,896 tCO2eRevenue: $M 13,702Scope 1 Intensity: 16.85 tCO2e/$MHuntington Ingalls IndustriesYear: 2024Scope 1: 80,948 tCO2eRevenue: $M 11,535Scope 1 Intensity: 7.02 tCO2e/$MDeere & CoYear: 2024Scope 1: 353,900 tCO2eRevenue: $M 50,518Scope 1 Intensity: 7.01 tCO2e/$MStandardAeroYear: 2024Scope 1: 44,332 tCO2eRevenue: $M 5,237Scope 1 Intensity: 8.46 tCO2e/$MHoneywell InternationalYear: 2024Scope 1: 750,530 tCO2eRevenue: $M 38,498Scope 1 Intensity: 19.50 tCO2e/$MAAAARYear: 2024Scope 1: 22,450 tCO2eRevenue: $M 2,319Scope 1 Intensity: 9.68 tCO2e/$ML3Harris TechnologiesYear: 2024Scope 1: 73,961 tCO2eRevenue: $M 21,325Scope 1 Intensity: 3.47 tCO2e/$MBWX TechnologiesYear: 2024Scope 1: 28,506 tCO2eRevenue: $M 2,704Scope 1 Intensity: 10.54 tCO2e/$MGeneral DynamicsYear: 2024Scope 1: 523,038 tCO2eRevenue: $M 47,716Scope 1 Intensity: 10.96 tCO2e/$MRTXYear: 2024Scope 1: 542,229 tCO2eRevenue: $M 80,738Scope 1 Intensity: 6.72 tCO2e/$MHexcelYear: 2024Scope 1: 180,594 tCO2eRevenue: $M 1,903Scope 1 Intensity: 94.90 tCO2e/$MBoeingYear: 2024Scope 1: 517,000 tCO2eRevenue: $M 66,517Scope 1 Intensity: 7.77 tCO2e/$MMoogYear: 2024Scope 1: 12,538 tCO2eRevenue: $M 3,609Scope 1 Intensity: 3.47 tCO2e/$MLockheed MartinYear: 2024Scope 1: 294,431 tCO2eRevenue: $M 71,043Scope 1 Intensity: 4.14 tCO2e/$M

How does Lockheed Martin's GHG emissions intensity compare to its peers?

In 2024, Lockheed Martin reported a Scope 1 emissions intensity of 4.14 tCOâ‚‚e per millions USD. Compared to the peer group median of 8.12, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Lockheed Martin rank on GHG emissions intensity within its industry?

In 2024, Lockheed Martin ranked 3 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Lockheed Martin among the top performers, with one of the lowest emissions intensities relative to peers.a

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.a

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%.a

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