In 2024, Lowe's Companies 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).
Lowe's Companies 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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 388,000a | 413,000a | 437,000a | |
Total Scope 2 | ||||
Market-Based | 780,000a | 785,000a | 932,000a | |
Location-Based | 857,000a | 868,000a | 1,025,000a | |
Total Scope 3 | 113,364,000a | 120,103,000a | 137,876,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.637a | 4.7814a | 4.5024a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Lowe's Companies amounted to 1,245,000 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 Lowe's Companies decreased by 2.81%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Lowe's Companies were 388,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Lowe's Companies's Scope 1 emissions have decreased by 20%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Lowe's Companies's Scope 1 emissions decreased by 6.05%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Lowe's Companies reported Scope 2 greenhouse gas (GHG) emissions of 780,000 tCO₂e using the market-based method and 857,000 tCO₂e using the location-based method.a
Since 2019, Lowe's Companies's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 47.23%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Lowe's Companies's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Lowe's Companies's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Lowe's Companies reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Lowe's Companies reported 113,364,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Lowe's Companies includes a breakdown across 4 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.a
In 2024, Lowe's Companies reported total Scope 3 emissions of 113,364,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 10.14% of these emissions originated from upstream activities such as purchased goods and capital goods, while 89.86% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Lowe's Companies's Scope 3 emissions remained relatively stable, indicating that Lowe's Companies's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Lowe's Companies reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Lowe's Companies's Scope 3 emissions were:a
In 2024, Lowe's Companies reported Scope 1 greenhouse gas (GHG) emissions of 388,000 tCO₂e and total revenues of USD 83,675 millions. This translates into an emissions intensity of 4.64 tCO₂e per millions USD.a
In 2024, Lowe's Companies reported a Scope 1 emissions intensity of 4.64 tCO₂e per millions USD. Compared to the peer group median of 4.51, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Lowe's Companies ranked 14 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Lowe's Companies is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Lowe's Companies reported a total carbon footprint of 114,609,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.58% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Lowe's Companies's total carbon footprint was Scope 3 emissions, accounting for 98.91% of the company's total carbon footprint, followed by Scope 2 emissions at 0.75%.a