Lam Research

Lam Research, a US-based company in the Electrical machinery and apparatus n.e.c. industry, reported its most recent Scope 1, 2, and 3 carbon emissions for 2024.

In 2024, the company's Scope 1 emissions were 91,681,000 kg CO2e, and its market-based Scope 2 emissions were 50,832,000 kg CO2e. Total Scope 3 emissions for 2024 amounted to approximately 9.9 billion kg CO2e, with the largest contributors being use of sold products (approximately 8.08 billion kg CO2e) and purchased goods and services (approximately 1.48 billion kg CO2e). The total calculated emissions for 2024 are not provided.

Looking back, in 2023, Lam Research's Scope 1 emissions were 189,537,000 kg CO2e, and market-based Scope 2 emissions were 57,695,000 kg CO2e. Total Scope 3 emissions for 2023 were approximately 7.15 billion kg CO2e. In 2022, Scope 1 emissions were 457,174,000 kg CO2e, and market-based Scope 2 emissions were 63,300,000 kg CO2e. Total Scope 3 emissions for 2022 reached approximately 9.87 billion kg CO2e.

Lam Research has set several climate commitments and reduction targets:

• Net-Zero Targets: The company aims to achieve net-zero emissions for its operations (Scope 1 and 2) by 2040 and across all scopes by 2050.
• Near-Term Absolute Reduction Targets:
  • By 2025, Lam Research commits to reducing absolute Scope 1 and 2 (market-based) greenhouse gas (GHG) emissions by 25% from a 2019 baseline.
  • By 2030, this reduction target increases to 60.6% for absolute Scope 1 and 2 (market-based) GHG emissions from a 2019 baseline. This target aligns with a 1.5°C trajectory according to the Science Based Targets initiative (SBTi).
  • The company also commits to increasing annual sourcing of renewable electricity from 4% in 2019 to 100% by 2030.
• Scope 3 Targets:
  • Lam Research further commits that by 2025, 69.5% of its suppliers and customers by emissions (covering 46.5% of purchased goods and services and 83% of the use of sold products) will have science-based targets.
  • A target to reduce Scope 3 product emissions by 63.8% per dollar value added from a 2022 baseline by 2034 is also in place.

All emissions and climate commitments are reported directly by Lam Research Corporation and are not cascaded from a parent entity.