Lexmark Sustainability Profile
Lexmark International, Inc., commonly known as Lexmark, is a leading provider of printing and imaging solutions headquartered in the United States. Founded in 1991, the company has established a strong presence in North America, Europe, and Asia, focusing on the development of innovative technologies in the printing industry. Specialising in managed print services, enterprise software, and advanced printing solutions, Lexmark is recognised for its commitment to sustainability and efficiency. The company’s core products include multifunction printers, laser printers, and comprehensive document management solutions, all designed to enhance productivity and reduce operational costs. With a reputation for quality and reliability, Lexmark has achieved significant milestones, including numerous industry awards for innovation. Its strategic focus on customer-centric solutions positions Lexmark as a formidable player in the competitive printing market.
DitchCarbon Score
How does Lexmark'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 Computer 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
Lexmark's score of 69 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lexmark's reported carbon emissions
In 2023, Lexmark International, Inc. reported total greenhouse gas emissions of approximately 1,608,323,000 kg CO2e. This includes Scope 1 emissions of about 7,941,000 kg CO2e, Scope 2 emissions of approximately 51,451,000 kg CO2e, and significant Scope 3 emissions totalling around 1,608,314,000 kg CO2e. The company has made notable progress in its climate commitments, achieving a 43% reduction in Scope 1 and 2 emissions from a 2015 baseline by the end of 2022, surpassing its initial target of 40% by 2025. Lexmark has set ambitious targets for the future, including a commitment to reduce absolute Scope 1 GHG emissions by 27.5% by 2030 from a 2019 base year. Additionally, the company aims to increase its annual sourcing of renewable electricity from 0% in 2019 to 100% by 2030. For Scope 3 emissions, Lexmark is targeting a 22% reduction per printer sold within the same timeframe. The company is also pursuing a net zero goal for all greenhouse gas emissions by 2050, with interim targets to ensure rapid reductions in non-CO2 GHG emissions. These commitments align with the Science Based Targets initiative (SBTi) and reflect Lexmark's dedication to sustainability and climate action.
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| 2005 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 28,679,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 185,223,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Lexmark's Industry?
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Lexmark's Scope 3 Categories Breakdown
Lexmark's Scope 3 emissions, which decreased by 24% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 86% of Scope 3 emissions.
Top Scope 3 Categories
Lexmark'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.
Lexmark 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.
