Lumentum

Lumentum's carbon emissions performance and climate commitments are detailed below, focusing on recent data and future reduction targets.

Carbon Emissions Data:

For the fiscal year 2024, Lumentum reported global emissions totalling approximately 171.1 million kg CO2e. This figure is comprised of:

• Scope 1 emissions: Approximately 8.7 million kg CO2e.
• Scope 2 emissions (market-based): Approximately 16.5 million kg CO2e.
• Scope 2 emissions (location-based): Approximately 68.2 million kg CO2e.
• Scope 3 emissions: Approximately 77.9 million kg CO2e, with significant contributions from capital goods (approximately 44.9 million kg CO2e) and purchased goods and services (approximately 136.4 million kg CO2e).

In fiscal year 2023, Lumentum reported Scope 1 and 2 emissions of approximately 13.6 million kg CO2e. Comprehensive Scope 3 data for this year was not fully disclosed.

For fiscal year 2022, global emissions were approximately 601.7 million kg CO2e, with:

• Scope 1 emissions: Approximately 9.4 million kg CO2e.
• Scope 2 emissions (market-based): Approximately 63.7 million kg CO2e.
• Scope 2 emissions (location-based): Approximately 64.0 million kg CO2e.
• Scope 3 emissions: Approximately 528.3 million kg CO2e, with the largest portion coming from the use of sold products (approximately 411.2 million kg CO2e) and purchased goods and services (approximately 142.7 million kg CO2e).

Earlier data includes:

• Fiscal year 2021: Scope 1 emissions were approximately 7.9 million kg CO2e, and Scope 2 emissions (market-based) were approximately 43.8 million kg CO2e. Scope 3 emissions included purchased goods and services (approximately 31.2 million kg CO2e) and fuel and energy-related activities (approximately 11.9 million kg CO2e).
• Fiscal year 2020: Scope 1 emissions were approximately 5.8 million kg CO2e. Scope 2 emissions (market-based) were approximately 45.2 million kg CO2e, and Scope 3 emissions totalled approximately 13.4 million kg CO2e.
• Fiscal year 2019: Scope 1 emissions were approximately 5.5 million kg CO2e, and Scope 2 emissions were approximately 42.5 million kg CO2e. Scope 3 emissions included purchased goods and services (approximately 60.5 million kg CO2e).
• Fiscal year 2018: Scope 1 emissions were approximately 8.5 million kg CO2e. Scope 2 emissions (market-based) were approximately 38.4 million kg CO2e. Scope 3 data was not disclosed for this year.

Climate Commitments and Reduction Targets:

Lumentum has established several significant climate commitments and reduction targets:

• Net-Zero Operations: The company is committed to achieving net-zero greenhouse gas (GHG) emissions from its global operations by 2030, covering Scope 1 and Scope 2 emissions.
• Absolute Emissions Reduction: Lumentum aims for a 90% reduction in absolute Scope 1 and Scope 2 GHG emissions by Fiscal Year 2030, using a Fiscal Year 2022 baseline. Furthermore, they commit to maintaining at least a 90% reduction in absolute Scope 1 and 2 emissions from FY2030 through FY2050.
• Scope 3 Reduction: Lumentum is targeting a 52% reduction in Scope 3 GHG emissions per data capacity delivered (Gbps) of sold cloud and networking products by Fiscal Year 2030, from a Fiscal Year 2022 baseline. This specifically targets emissions from fuel- and energy-related activities and the use of sold products. A long-term commitment also exists to reduce absolute Scope 3 GHG emissions by 90% by FY2050, from a FY2022 baseline.
• Supplier and Customer Engagement: The company aims to have 30% of its suppliers, by emissions covering purchased goods and services, adopt science-based targets by FY2028. Additionally, Lumentum aims for 25% of its customers, by emissions covering the use of sold products, to have their own science-based targets by FY2028.
• Intensity Reduction: Lumentum previously committed to reducing GHG intensity by 25% by FY24 from an FY21 baseline for both Scope 1 and Scope 2 emissions.

These commitments have been approved by the Science-Based Targets initiative (SBTi), demonstrating alignment with a 1.5°C warming scenario. Lumentum has confirmed that its targets are on track for the near term. The company's overarching goal is to reach net-zero greenhouse gas emissions across its entire value chain by 2050.