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 51% 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. The company has set ambitious targets to further reduce its GHG emissions, aiming for a 10% reduction in both Scope 1 and 2 emissions by 2025, relative to the 2018 levels. This commitment reflects Lincoln Electric's proactive approach to climate action and sustainability within its operations. Over the past few years, emissions have fluctuated, with 2022 emissions recorded at 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. In 2021, the figures were approximately 55,525,000 kg CO2e for Scope 1 and 134,338,000 kg CO2e for Scope 2, leading to a total of about 189,863,000 kg CO2e. Lincoln Electric's emissions data is sourced directly from Lincoln Electric Holdings, Inc., with no cascaded data from parent or related organisations. The company continues to focus on enhancing its sustainability practices and reducing its carbon footprint in alignment with industry standards.
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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.
