Lubrizol
Lubrizol Corporation, headquartered in the United States, is a leading global specialty chemicals company founded in 1928. With a strong presence in North America, Europe, and Asia, Lubrizol operates primarily in the automotive, industrial, and consumer markets. The company is renowned for its innovative solutions in lubricant additives, performance coatings, and advanced materials, which enhance the performance and longevity of products across various industries. Notable for its commitment to sustainability and technological advancement, Lubrizol has achieved significant milestones, including the development of eco-friendly formulations and cutting-edge polymer technologies. As a trusted partner to numerous Fortune 500 companies, Lubrizol's market position is bolstered by its extensive research and development capabilities, making it a key player in the specialty chemicals sector.
DitchCarbon Score
How does Lubrizol'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 Chemicals 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
Lubrizol's score of 21 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lubrizol's reported carbon emissions
In 2023, Lubrizol reported total carbon emissions of approximately 335,832,000,000 kg CO2e from Scope 1 and 40,393,000,000 kg CO2e from Scope 2. This marks a reduction in Scope 1 emissions from about 378,595,000,000 kg CO2e in 2022, indicating a commitment to lowering their direct emissions. For Scope 2 emissions, the company reported a slight increase from approximately 38,452,000,000 kg CO2e in 2022. The total location-based emissions for Scope 2 in 2023 were about 213,094,000,000 kg CO2e, with purchased electricity contributing approximately 163,695,000,000 kg CO2e. Despite these figures, Lubrizol has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any formal climate pledges. The absence of defined targets suggests a need for further commitment to climate action within the industry context. Overall, Lubrizol's emissions data reflects ongoing efforts to manage and reduce their carbon footprint, although more concrete commitments would enhance their climate strategy.
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 378,595,000,000,000 | 000,000,000,000,000 |
| Scope 2 | 38,452,000,000,000 | 00,000,000,000,000 |
| 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.
Lubrizol is not committed to any reduction initiatives 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.
