Lumentum Operations LLC, a prominent player in the financial intermediation services sector, is headquartered in the United States. Founded in 2015, the company has rapidly established itself as a leader in providing innovative solutions that enhance financial transactions and streamline operations for businesses across various industries.
Specialising in advanced financial technology, Lumentum offers a range of core services designed to optimise payment processing and improve transaction efficiency. Its unique approach combines cutting-edge technology with a deep understanding of market needs, setting it apart from competitors.
With a strong presence in key operational regions, Lumentum has achieved significant milestones, positioning itself as a trusted partner for organisations seeking to enhance their financial operations. The company continues to drive growth and innovation within the financial services landscape, solidifying its reputation as a forward-thinking leader in the industry.
+43 vs industry average
Lumentum Operations LLC’s score of 80 is higher than 87% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Lumentum Operations LLC's reported carbon emissions
Lumentum Operations LLC, headquartered in the US and operating within the financial intermediation services sector, is committed to climate action with reported emissions and reduction targets.
In the reporting year 2024, Lumentum Operations LLC reported a total of approximately 686.7 million kg CO2e. This figure comprises approximately 8.7 million kg CO2e for Scope 1 emissions and approximately 661.5 million kg CO2e for Scope 3 emissions. Scope 2 emissions, using the market-based approach, were approximately 16.5 million kg CO2e, while the location-based calculation for Scope 2 stood at approximately 68.3 million kg CO2e. The most significant contributors to their Scope 3 emissions in 2024 were the use of sold products, accounting for approximately 471.1 million kg CO2e, followed by purchased goods and services at approximately 136.4 million kg CO2e.
For the reporting year 2023, total emissions were approximately 686.5 million kg CO2e. Scope 1 emissions were approximately 9.8 million kg CO2e, Scope 3 emissions were approximately 646.1 million kg CO2e, and Scope 2 emissions were approximately 30.6 million kg CO2e (market-based) or 67.5 million kg CO2e (location-based).
In 2022, total emissions were approximately 582.6 million kg CO2e, with Scope 1 at approximately 6.3 million kg CO2e, Scope 3 at approximately 528.3 million kg CO2e, and Scope 2 at approximately 48 million kg CO2e (market-based) or 48.4 million kg CO2e (location-based).
Lumentum Operations LLC has established several climate commitments. The company aims to achieve net-zero GHG emissions for Scope 1 and 2 by 2030, a target that has been submitted for validation to the Science Based Targets initiative (SBTi). This net-zero commitment for Scope 1 and 2 extends from a baseline year of 2021. Additionally, Lumentum Operations LLC has set a target to reduce GHG intensity by 25% by fiscal year 2024, from a fiscal year 2021 baseline, for both Scope 1 and Scope 2 emissions.
The emissions data for Lumentum Operations LLC is reported as inherited from its parent organisation, Lumentum Holdings Inc., through a current subsidiary relationship. The SBTi commitments and Re100 (if applicable in the future) are cascaded from Lumentum Holdings Inc. at cascade level 1.
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Lumentum Operations LLC’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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
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Climate initiatives
Science Based Targets Initiative
Inherited from Lumentum Holdings Inc.
Carbon Disclosure Project
Inherited from Lumentum Holdings Inc.
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Lumentum Operations LLC
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