In 2024, Lumentum 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Lumentum Holdings has also provided a category-level breakdown for 5 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 | 8,715a | 9,813a | 6,328a | |
Total Scope 2 | ||||
Market-Based | 16,529a | 30,598a | 47,990a | |
Location-Based | 68,278a | 67,523a | 48,389a | |
Total Scope 3 | 661,457a | 646,104a | 528,275a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 6.4119a | 5.5535a | 3.695a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Lumentum Holdings amounted to 76,993 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 Lumentum Holdings decreased by 0.44%, 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 Lumentum Holdings were 8,715 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Lumentum Holdings's Scope 1 emissions have increased by 37.72%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Lumentum Holdings's Scope 1 emissions decreased by 11.19%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Lumentum Holdings reported Scope 2 greenhouse gas (GHG) emissions of 16,529 tCO₂e using the market-based method and 68,278 tCO₂e using the location-based method.a
Since 2022, Lumentum Holdings's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 41.1%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Lumentum Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Lumentum Holdings's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Lumentum Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Lumentum Holdings reported 661,457 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 Lumentum Holdings includes a breakdown across 5 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, Lumentum Holdings reported total Scope 3 emissions of 661,457 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 28.53% of these emissions originated from upstream activities such as purchased goods and capital goods, while 71.47% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2022, Lumentum Holdings's Scope 3 emissions have increased by 25.21%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Lumentum Holdings's Scope 3 emissions remained relatively stable, indicating that Lumentum Holdings's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Lumentum Holdings reported emissions for 5 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.
In 2024, the largest contributors to Lumentum Holdings's Scope 3 emissions were:a
In 2024, Lumentum Holdings reported Scope 1 greenhouse gas (GHG) emissions of 8,715 tCO₂e and total revenues of USD 1,359 millions. This translates into an emissions intensity of 6.41 tCO₂e per millions USD.a
In 2024, Lumentum Holdings reported a Scope 1 emissions intensity of 6.41 tCO₂e per millions USD. Compared to the peer group median of 1.3, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Lumentum Holdings ranked 21 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Lumentum Holdings among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Lumentum Holdings reported a total carbon footprint of 738,450 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.07% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Lumentum Holdings's total carbon footprint was Scope 3 emissions, accounting for 89.57% of the company's total carbon footprint, followed by Scope 2 emissions at 9.25%.a