Lexmark Sustainability Profile
Lexmark International, Inc., commonly known as Lexmark, is a leading provider of printing and imaging solutions headquartered in the United States. Founded in 1991, the company has established a strong presence in North America, Europe, and Asia, focusing on the development of innovative technologies in the printing industry. Specialising in managed print services, enterprise software, and advanced printing solutions, Lexmark is recognised for its commitment to sustainability and efficiency. The company’s core products include multifunction printers, laser printers, and comprehensive document management solutions, all designed to enhance productivity and reduce operational costs. With a reputation for quality and reliability, Lexmark has achieved significant milestones, including numerous industry awards for innovation. Its strategic focus on customer-centric solutions positions Lexmark as a formidable player in the competitive printing market.
DitchCarbon Score
How does Lexmark's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Lexmark's score of 72 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lexmark's reported carbon emissions
In 2023, Lexmark International, Inc. reported total greenhouse gas emissions of approximately 1,608,314,000 kg CO2e across all scopes. This includes 7,941,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 29,072,000 kg CO2e from Scope 2 emissions, related to purchased electricity. The majority of emissions, approximately 1,601,400,000 kg CO2e, were attributed to Scope 3, which includes emissions from the use of sold products. Lexmark has set ambitious climate commitments, aiming to reduce absolute Scope 1 GHG emissions by 27.5% by 2030 from a 2019 baseline. Additionally, the company is focused on increasing its annual sourcing of renewable electricity from 0% in 2019 to 100% by 2030. Lexmark also targets a 22% reduction in absolute Scope 3 emissions from the use of sold products per printer sold by 2030. The company has achieved a 43% reduction in Scope 1 and 2 emissions from 2015 to 2022, surpassing its previous goal of 40%. Lexmark's long-term commitment includes a target for net zero greenhouse gas emissions by 2050, with a near-term goal of carbon neutrality by 2035. These targets and achievements are part of Lexmark's broader strategy to align with global climate standards and contribute to the reduction of greenhouse gas emissions in the technology hardware sector. The emissions data and commitments are cascaded from Lexmark International, Inc., reflecting its corporate family relationship with Xerox Holdings Corporation.
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| 2005 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - |
| Scope 2 | - | 000,000,000 | 000,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | - | 0,000,000 | 00,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - |
How Carbon Intensive is Lexmark's Industry?
How Carbon Intensive is Lexmark's Location?
Lexmark's Scope 3 Categories Breakdown
Lexmark's Scope 3 emissions, which decreased by 24% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 86% of Scope 3 emissions.
Top Scope 3 Categories
Lexmark's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Lexmark has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Lexmark's sustainability data and climate commitments