Lubrizol Corporation, a prominent player in the chemicals nec industry, is headquartered in the United States. Founded in 1928, the company has established itself as a leader in specialty chemicals, focusing on enhancing the performance of products across various sectors, including automotive, industrial, and consumer markets.
With a strong global presence, Lubrizol operates in key regions such as North America, Europe, and Asia, providing innovative solutions that include additives, coatings, and polymers. Their core offerings are distinguished by their commitment to sustainability and advanced technology, ensuring superior performance and reliability.
Recognised for its market leadership, Lubrizol has achieved significant milestones, including numerous patents and awards for innovation. The company continues to drive growth and excellence in the chemicals sector, making it a trusted partner for businesses worldwide.
-10 vs industry average
Lubrizol’s score of 20 is lower than 36% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 19% since 2018
Reported emissions
Scope 3 accounts for ••• of total emissions.
Lubrizol's reported carbon emissions
Lubrizol, a chemicals nec company headquartered in the US, has established climate commitments focusing on greenhouse gas (GHG) emissions reduction.
Emissions Overview:
- In 2017, Lubrizol reported total GHG emissions of approximately 745,000,000 kg CO2e.
- In 2016, total GHG emissions were approximately 748,000,000 kg CO2e.
- In 2015, total GHG emissions were approximately 699,000,000 kg CO2e.
Specific breakdowns for Scope 1, Scope 2, and Scope 3 emissions were not available for these years.
Climate Commitments and Targets:
Lubrizol has set a near-term target for GHG emissions reduction. The company aims for a 20% reduction in combined Scope 1 and Scope 2 GHG emissions by 2030, using a 2018 baseline. This target is cascaded from its parent organisation, The Lubrizol Corporation. Additionally, Lubrizol's participation in the Climate Active initiative (CA100) is at a cascade level of 1, originating from Berkshire Hathaway Inc.
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Lubrizol’s Climate Goals (2030 & 2050)
3 goals2030
20% reduction in Scope 2
20% Reduction in combined Scope 1 & Scope 2 GHG by 2030, over 2018 baseline
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Inherited from Berkshire Hathaway Inc.Emissions comparison with industry peers
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Lubrizol
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