Labcorp Sustainability Profile
Labcorp, officially known as Laboratory Corporation of America Holdings, is a leading global life sciences company headquartered in the United States. Founded in 1971, Labcorp has established itself as a key player in the diagnostics and drug development sectors, with a strong presence across North America and Europe. The company offers a comprehensive range of laboratory services, including clinical laboratory testing, drug development, and genomic testing. Labcorp's commitment to innovation and quality sets it apart, providing healthcare professionals with critical insights to improve patient outcomes. Recognised for its extensive test menu and advanced technologies, Labcorp has achieved significant milestones, including the introduction of pioneering diagnostic solutions. With a robust market position, Labcorp continues to drive advancements in healthcare, making it a trusted partner for patients and providers alike.
DitchCarbon Score
How does Labcorp'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 Health 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
Labcorp's score of 61 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Labcorp's reported carbon emissions
In 2024, Labcorp reported total greenhouse gas emissions of approximately 313,802,000 kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions at about 187,455,000 kg CO2e and Scope 2 emissions at approximately 126,346,000 kg CO2e (market-based). The company also disclosed significant Scope 3 emissions, including about 543,229,000 kg CO2e from purchased goods and services, 74,464,000 kg CO2e from fuel and energy-related activities, and 289,334,000 kg CO2e from upstream transportation and distribution. Labcorp has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2020 as the baseline year. Additionally, the company targets a 25% reduction in absolute Scope 3 emissions from purchased goods and services, upstream transportation and distribution, and downstream transportation and distribution within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. Labcorp's commitment to achieving net zero emissions by 2030 further underscores its dedication to sustainability and climate action. The company is actively working towards these goals, demonstrating a proactive approach to reducing its carbon footprint in the pharmaceutical and biotechnology sector.
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| 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 69,115,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 178,899,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Labcorp's Industry?
How Carbon Intensive is Labcorp's Location?
Labcorp's Scope 3 Categories Breakdown
Labcorp's Scope 3 emissions, which decreased by 4% last year and increased by approximately 10% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 76% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 54% of Scope 3 emissions.
Top Scope 3 Categories
Labcorp's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Labcorp has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Labcorp's sustainability data and climate commitments