Lowes
Lowe's Companies, Inc., commonly known as Lowe's, is a leading home improvement retailer headquartered in Mooresville, North Carolina, USA. Founded in 1946, the company has grown to become a prominent player in the home improvement industry, serving millions of customers across the United States and Canada. Lowe's offers a wide range of products and services, including building materials, home improvement supplies, and appliances, distinguished by their commitment to quality and customer service. The retailer is known for its innovative approach, such as the introduction of advanced online shopping tools and a robust loyalty programme. With a strong market position, Lowe's has consistently ranked among the top home improvement retailers, achieving significant milestones in sustainability and community engagement. Their dedication to providing exceptional value and a diverse product selection makes Lowe's a trusted choice for DIY enthusiasts and professional contractors alike.
DitchCarbon Score
How does Lowes's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Lowes's score of 53 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lowes's reported carbon emissions
In 2023, Lowe's Companies, Inc. reported total carbon emissions of approximately 413,000,000 kg CO2e for Scope 1 and 868,000,000 kg CO2e for Scope 2. The company's Scope 3 emissions were significantly higher, totalling about 120,103,000,000 kg CO2e, with the majority arising from the use of sold products (approximately 96,023,000,000 kg CO2e). Over the years, Lowe's has demonstrated a commitment to reducing its carbon footprint. The company has set a long-term target to achieve net-zero emissions across all scopes by 2050, as part of its commitment to the Science Based Targets initiative (SBTi). This commitment was formalised in 2022, indicating a proactive approach to climate action within the retail sector. In 2021, Lowe's reported Scope 1 emissions of about 508,000,000 kg CO2e and Scope 2 emissions of approximately 1,045,000,000 kg CO2e, alongside Scope 3 emissions of around 143,282,000,000 kg CO2e. The company has shown a gradual reduction in Scope 1 and 2 emissions over the years, with 2020 figures indicating Scope 1 emissions of about 473,000,000 kg CO2e and Scope 2 emissions of approximately 1,430,000,000 kg CO2e. Lowe's is actively working towards its climate commitments, focusing on reducing emissions intensity and enhancing sustainability practices across its operations.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 354,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 2,054,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lowes is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
