Lincoln Electric Sustainability Profile
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 16% reduction in absolute Scope 1 and 2 emissions compared to their 2018 baseline, attributed to ongoing investments in energy efficiency projects. The company has set a target to achieve a 10% reduction in Scope 1 and 2 GHG emissions by 2025, relative to the 2018 levels. This commitment reflects Lincoln Electric's proactive approach to climate action and sustainability within its operations. Overall, Lincoln Electric's emissions data is sourced directly from Lincoln Electric Holdings, Inc., with no cascaded data from parent or related organizations. The company has not disclosed any Scope 3 emissions data, indicating a focus on direct operational emissions and energy use.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 82,488,000 | 00,000,000 | 00,000,000 | 000,000,000 | 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 | - | - | - | - | - | - |
How Carbon Intensive is Lincoln Electric's Industry?
How Carbon Intensive is Lincoln Electric's Location?
Lincoln Electric'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.
Lincoln Electric 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.
