Lincoln Electric
Lincoln Electric, officially known as Lincoln Electric Company, is a leading global manufacturer of welding products, headquartered in the United States. Founded in 1895, the company has established a strong presence in North America, Europe, and Asia, becoming a key player in the welding and cutting industry. Specialising in arc welding equipment, consumables, and automation solutions, Lincoln Electric is renowned for its innovative technologies and commitment to quality. The company’s core offerings include welding machines, electrodes, and robotic welding systems, which are designed to enhance productivity and efficiency in various industrial applications. With a rich history of milestones, including the introduction of the first electric arc welding machine, Lincoln Electric has consistently maintained a strong market position. Its dedication to research and development has earned it numerous accolades, solidifying its reputation as a trusted partner in the welding sector.
DitchCarbon Score
How does Lincoln Electric'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 Electricity from Other Sources 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
Lincoln Electric's score of 29 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lincoln Electric's reported carbon emissions
In 2023, Lincoln Electric reported total greenhouse gas (GHG) emissions of approximately 69,164,000 kg CO2e for Scope 1 and about 123,924,000 kg CO2e for Scope 2, resulting in a combined total of around 193,088,000 kg CO2e. This marks a significant reduction of 16% in absolute Scope 1 and 2 emissions compared to their 2018 baseline, attributed to ongoing investments in energy efficiency projects. For the previous year, 2022, Lincoln Electric's emissions were approximately 66,959,000 kg CO2e for Scope 1 and about 119,901,000 kg CO2e for Scope 2, totalling around 186,860,000 kg CO2e. The company has set a target to achieve a 10% reduction in Scope 1 and 2 GHG emissions by 2025, relative to their 2018 levels. The emissions data is sourced directly from Lincoln Electric Holdings, Inc., with no cascaded data from parent organisations. The company has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from their operations. Lincoln Electric continues to prioritise sustainability through its commitment to reducing its carbon footprint and enhancing energy efficiency across its global operations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 82,488,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 147,876,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - |
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.
Lincoln Electric is not participating in any 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.
