Lam Research

Lam Research, a US-based company in the electrical machinery and apparatus sector, reported a total of approximately 10.3 billion kg CO2e emissions in 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

Emissions Breakdown for 2024:

• Scope 1: Approximately 91.7 million kg CO2e.
• Scope 2 (Market-based): Approximately 50.8 million kg CO2e.
• Scope 3: Approximately 10.1 billion kg CO2e, with the largest contributors being 'use of sold products' at roughly 8.1 billion kg CO2e, followed by 'purchased goods and services' at about 1.5 billion kg CO2e.

Climate Commitments and Targets:

Lam Research has established several ambitious climate targets:

• Net Zero Operations: The company aims to achieve net zero emissions for its operations by 2040.
• Net Zero All Scopes: Lam Research has committed to achieving net zero emissions across all scopes by 2050.
• Scope 1 & 2 Reductions:
  • A 25% reduction in absolute Scope 1 and 2 (market-based) greenhouse gas emissions by 2025, using a 2019 baseline.
  • A 60.6% reduction in absolute Scope 1 and 2 (market-based) greenhouse gas emissions by 2030, from the same 2019 baseline.
• Scope 3 Product Emissions: A reduction of 63.8% in scope 3 product emissions per dollar value added by 2034, from a 2022 baseline.

Science-Based Targets:

Lam Research has committed to the Science Based Targets initiative (SBTi). Their SBTi targets include:

• A 46.2% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030 from a 2019 base year.
• An increase in the annual sourcing of renewable electricity from 4% in the base year to 100% by 2030.
• A commitment that 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 by 2025.

The company's emissions reporting is not cascaded from a parent organisation.