Lowe's Companies, Inc., commonly known as Lowe's, is a leading home improvement retailer headquartered in Mooresville, North Carolina, USA. Founded in 1946, the company has grown to become a prominent player in the home improvement industry, serving millions of customers across the United States and Canada. Lowe's offers a wide range of products and services, including building materials, home improvement supplies, and appliances, distinguished by their commitment to quality and customer service. The retailer is known for its innovative approach, such as the introduction of advanced online shopping tools and a robust loyalty programme. With a strong market position, Lowe's has consistently ranked among the top home improvement retailers, achieving significant milestones in sustainability and community engagement. Their dedication to providing exceptional value and a diverse product selection makes Lowe's a trusted choice for DIY enthusiasts and professional contractors alike.
How does Lowes'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.
Mean score of companies in the Real Estate 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.
Lowes's score of 76 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Lowe's reported total carbon emissions of approximately 388,000,000 kg CO2e for Scope 1, 780,000,000 kg CO2e for Scope 2 (market-based), and about 113,364,000,000 kg CO2e for Scope 3 emissions. This represents a significant portion of their overall emissions, with Scope 3 emissions primarily arising from the use of sold products, which accounted for about 91,349,000,000 kg CO2e. Lowe's has set ambitious reduction targets to address its carbon footprint. By 2030, the company aims to reduce absolute Scope 1 and 2 GHG emissions by 42% from 2021 levels. Additionally, it plans to cut Scope 3 emissions by 25% from the same baseline year. These targets reflect a commitment to enhancing sustainability practices within its operations and supply chain. Lowe's is also committed to achieving net-zero emissions across all scopes by 2050, aligning with global climate initiatives. The company has been a member of the Science Based Targets initiative (SBTi) and has made strides in improving its emissions intensity metrics, including a GHG emissions intensity of 0.0014 metric tons of CO2e per million U.S. dollars of revenue for Scope 3 in 2023. Overall, Lowe's climate commitments and reduction initiatives demonstrate a proactive approach to mitigating climate change impacts while striving for operational efficiency and sustainability in the retail sector.
Access structured emissions data, company-specific emission factors, and source documents
2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|
Scope 1 | 354,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Scope 2 | 2,054,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Scope 3 | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lowes is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.