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 74 is higher than 86% 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 2024, Lowe's Companies, Inc. reported significant carbon emissions, totalling approximately 388,000,000 kg CO2e for Scope 1, 780,000,000 kg CO2e for Scope 2 (market-based), and a staggering 113,364,000,000 kg CO2e for Scope 3 emissions. This represents a slight decrease in Scope 1 emissions from 2023, where they were about 413,000,000 kg CO2e, while Scope 2 emissions remained relatively stable. The Scope 3 emissions also saw a reduction from approximately 120,103,000,000 kg CO2e in 2023. Lowe's has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 42% from 2021 levels by 2030. This target has been updated from an earlier goal of 40%. Additionally, the company aims to cut Scope 3 emissions by 25% from 2021 levels within the same timeframe. These targets are part of Lowe's commitment to achieving net-zero emissions across all scopes by 2050, as recognised by the Science Based Targets initiative (SBTi). The company has demonstrated a proactive approach to sustainability, with a focus on reducing emissions intensity. For instance, in 2023, Lowe's reported a GHG emissions intensity of 0.0014 metric tons of CO2e per million U.S. dollars of revenue for Scope 3 emissions. Overall, Lowe's is actively working towards its climate goals, with a clear strategy to reduce its carbon footprint and contribute to global efforts against climate change.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 000,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000,000 | 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.
