Lowes
Lowe's Companies, Inc., commonly known as Lowe's, is a leading home improvement retailer headquartered in Mooresville, North Carolina, USA. Founded in 1946, the company has grown to become a prominent player in the home improvement industry, serving millions of customers across the United States and Canada. Lowe's offers a wide range of products and services, including building materials, home improvement supplies, and appliances, distinguished by their commitment to quality and customer service. The retailer is known for its innovative approach, such as the introduction of advanced online shopping tools and a robust loyalty programme. With a strong market position, Lowe's has consistently ranked among the top home improvement retailers, achieving significant milestones in sustainability and community engagement. Their dedication to providing exceptional value and a diverse product selection makes Lowe's a trusted choice for DIY enthusiasts and professional contractors alike.
DitchCarbon Score
How does Lowes'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 Real Estate 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
Lowes's score of 58 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lowes's reported carbon emissions
In 2023, Lowe's Companies, Inc. reported total greenhouse gas emissions of approximately 413,000,000 kg CO2e for Scope 1, 868,000,000 kg CO2e for Scope 2, and a significant 120,103,000,000 kg CO2e for Scope 3 emissions. This represents a notable increase in Scope 3 emissions from 2022, where total emissions were about 137,876,000,000 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, aiming for a 42% reduction in absolute Scope 1 and 2 emissions from 2021 levels by 2030, and a 25% reduction in absolute Scope 3 emissions over the same period. Lowe's is committed to achieving net-zero emissions across all scopes by 2050, having joined the Science Based Targets initiative (SBTi) and committed to near-term targets. The company has also been recognised as a member of the Business Ambition for 1.5°C initiative, underscoring its commitment to climate action. These efforts align with industry standards and reflect Lowe's proactive approach to addressing climate change and reducing its environmental impact.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 354,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 2,054,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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.
Lowes is participating in some 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.
