Lightspeed Sustainability Profile
Lightspeed Commerce Inc., commonly known as Lightspeed, is a leading provider of cloud-based point-of-sale (POS) systems and e-commerce solutions. Headquartered in Canada, the company operates extensively across North America and Europe, serving a diverse range of industries including retail, hospitality, and e-commerce. Founded in 2005, Lightspeed has achieved significant milestones, including the launch of its innovative POS platform that integrates seamlessly with various payment processors and inventory management systems. The company’s core offerings, such as Lightspeed Retail and Lightspeed Restaurant, stand out for their user-friendly interfaces and robust features tailored to enhance operational efficiency. With a strong market position, Lightspeed has garnered recognition for its commitment to empowering businesses through technology, making it a trusted partner for merchants looking to thrive in a competitive landscape.
DitchCarbon Score
How does Lightspeed'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
Lightspeed's score of 32 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lightspeed's reported carbon emissions
In 2023, Lightspeed reported significant carbon emissions, with a total of approximately 2,852,454 kg CO2e attributed to Scope 3 emissions from business travel. This marks a notable focus on indirect emissions, as the company did not disclose any Scope 1 or Scope 2 emissions data for this year. In 2022, Lightspeed's total emissions were approximately 966,000 kg CO2e, which included about 534,000 kg CO2e from Scope 1, 193,000 kg CO2e from Scope 2, and 184,000 kg CO2e from Scope 3 emissions, specifically from business travel. This data indicates a comprehensive approach to emissions reporting, covering all three scopes in 2022. Despite the detailed emissions reporting, Lightspeed has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of Lightspeed's own operations. Overall, Lightspeed's emissions profile highlights a significant reliance on business travel as a primary source of carbon emissions, underscoring the need for potential strategies to mitigate these impacts in future sustainability efforts.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 534,000 | - |
| Scope 2 | 193,000 | - |
| Scope 3 | 184,000 | 0,000,000 |
How Carbon Intensive is Lightspeed's Industry?
How Carbon Intensive is Lightspeed's Location?
Lightspeed's Scope 3 Categories Breakdown
Lightspeed's Scope 3 emissions, which increased significantly last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 20% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Lightspeed'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.
Lightspeed has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
