Lumentum

Lumentum, a US-based company in the Radio, television, and communication equipment and apparatus industry, reported its carbon emissions for 2024. The company's Scope 1 emissions were 8,683,000 kg CO2e, and its market-based Scope 2 emissions were 16,529,000 kg CO2e. Key Scope 3 categories included 471,126,000 kg CO2e from the use of sold products, 136,428,000 kg CO2e from purchased goods and services, and 44,928,000 kg CO2e from capital goods.

Lumentum has set ambitious climate commitments. It aims to achieve net-zero greenhouse gas emissions from its global operations (Scope 1 and 2) by 2030. The company also intends to reduce its GHG intensity by 25% by the end of fiscal year 2024 from a fiscal year 2021 baseline for both Scope 1 and Scope 2.

In fiscal year 2023, Lumentum significantly increased the percentage of renewable energy sourced for its global operations, from 31% to 61%. Additionally, the company's near-term and long-term greenhouse gas emissions reduction targets were approved by the Science Based Targets initiative (SBTi) in fiscal year 2025. These SBTi-validated targets include:

• A 90% reduction in absolute Scope 1 and 2 GHG emissions by FY2030, from a FY2022 base year. This 90% reduction is committed to be maintained through FY2050.
• A 52% reduction in Scope 3 GHG emissions from fuel- and energy-related activities and use of sold products (per data capacity delivered) within the same timeframe (by FY2030).
• A commitment that 30% of its suppliers, by emissions covering purchased goods and services, will have science-based targets by FY2028.
• A commitment that 25% of its customers, by emissions covering the use of sold products, will have science-based targets by FY2028.
• A 90% reduction in absolute Scope 3 GHG emissions by FY2050, from a FY2022 base year, to align with its overall net-zero goal across the value chain by 2050.