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Lockheed Martin Corporation, commonly referred to as Lockheed Martin, is a leading global aerospace, defence, and security company headquartered in the United States. Founded in 1912, the company has established itself as a key player in public administration and defence services, as well as compulsory social security services. With major operational regions across North America, Europe, and Asia, Lockheed Martin focuses on advanced technologies and innovative solutions.
The company’s core products and services include military aircraft, missile systems, and cybersecurity solutions, all distinguished by their cutting-edge technology and reliability. Lockheed Martin's commitment to research and development has positioned it as a market leader, achieving notable milestones such as the development of the F-35 Lightning II. With a strong reputation for excellence, Lockheed Martin continues to shape the future of defence and security on a global scale.
+47 vs industry average
Lockheed Martin’s score of 73 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Public Administration is among the least carbon-intensive industries
The Public Administration industry has reduced its overall emissions by 30% since 2018
Scope 3 accounts for ••• of total emissions.
Lockheed Martin, a UK-based entity in the Public administration and defence services; compulsory social security services (75) industry, reported a total of approximately 680.86 million kg CO2e for Scope 1 and 2 emissions in 2024, with Scope 1 emissions at approximately 294.43 million kg CO2e and Scope 2 (market-based) at approximately 365.40 million kg CO2e. Scope 3 emissions for 2024 were approximately 19.95 billion kg CO2e. For 2023, total Scope 1 and 2 emissions were approximately 680.86 million kg CO2e, comprising Scope 1 at approximately 305.43 million kg CO2e and Scope 2 (market-based) at approximately 375.44 million kg CO2e. Scope 3 emissions for 2023 amounted to approximately 27.52 billion kg CO2e.
The company has set several reduction targets. By 2030, Lockheed Martin aims to reduce Scope 1 and 2 absolute carbon emissions by 36% from a 2020 baseline. This target includes reducing Scope 1 emissions by 36% and Scope 2 emissions by 36% from the 2020 baseline. Furthermore, they aim to reduce Scope 1 and Scope 2 emissions by 50% from a 2021 baseline by 2030. Lockheed Martin also aims to match 40% of the electricity used across its global operations with electricity produced from renewable sources by 2030. In the near term, the company is working towards reducing its Scope 1 and 2 emissions to near zero by 2025. A long-term goal is to achieve net zero emissions by 2050.
In 2022, the company reported Scope 1 emissions of approximately 313.58 million kg CO2e and Scope 2 (market-based) emissions of approximately 384.90 million kg CO2e, with Scope 3 emissions totalling approximately 28.34 billion kg CO2e. For 2021, Scope 1 emissions were approximately 306.70 million kg CO2e, Scope 2 (market-based) were approximately 379.76 million kg CO2e, and Scope 3 emissions were approximately 28.26 billion kg CO2e. Their 2020 emissions included approximately 306.23 million kg CO2e for Scope 1 and approximately 482.23 million kg CO2e for Scope 2 (market-based), with Scope 3 emissions at approximately 27.95 billion kg CO2e. In 2019, Scope 1 emissions were approximately 305.36 million kg CO2e and Scope 2 (market-based) were approximately 466.07 million kg CO2e, alongside Scope 3 emissions of approximately 26.55 billion kg CO2e. For 2018, Scope 1 emissions were approximately 291.78 million kg CO2e, Scope 2 (market-based) were approximately 527.77 million kg CO2e, and Scope 3 emissions were approximately 30.89 billion kg CO2e.
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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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