Lumentum Sustainability Profile
Lumentum Holdings Inc., commonly referred to as Lumentum, is a leading provider of innovative optical and photonic products headquartered in the United States. Founded in 2015, the company emerged from the spin-off of JDS Uniphase Corporation, quickly establishing itself in the telecommunications and industrial sectors. Lumentum's core offerings include advanced lasers, optical components, and 3D sensing technologies, which are distinguished by their high performance and reliability. The company serves a diverse range of markets, including telecommunications, data communications, and consumer electronics, positioning itself as a key player in the global photonics industry. With a commitment to research and development, Lumentum has achieved significant milestones, including numerous patents and industry awards, solidifying its reputation as an innovator in optical technology.
DitchCarbon Score
How does Lumentum'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 Communication Equipment Manufacturing 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
Lumentum's score of 57 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lumentum's reported carbon emissions
In 2023, Lumentum Holdings Inc., headquartered in the US, reported significant greenhouse gas emissions, with Scope 1 emissions totalling approximately 3,460,500 kg CO2e and Scope 2 emissions amounting to about 6,422,800 kg CO2e. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions from its global operations by 2030 for both Scope 1 and Scope 2 emissions. This target is part of a broader strategy to reduce absolute Scope 1 and 2 emissions by 90% by FY2030, using FY2022 as the baseline. Additionally, Lumentum is committed to reducing Scope 3 emissions, specifically targeting a 52% reduction in emissions from fuel- and energy-related activities and the use of sold products per data capacity delivered by FY2030. The company also aims for 30% of its suppliers and 25% of its customers to have science-based targets by 2028. Lumentum's climate initiatives are aligned with the Science-Based Targets initiative (SBTi), which has approved its near-term and long-term targets. The company is on track to meet its goal of a 25% reduction in greenhouse gas intensity by FY2024 from a FY2021 baseline. Overall, Lumentum is taking significant steps towards sustainability and reducing its carbon footprint in the technology hardware sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 8,540,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 2 | 38,446,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | - |
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Lumentum's Scope 3 Categories Breakdown
Lumentum's Scope 3 emissions, which increased significantly last year and increased by approximately 708% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 68% of Scope 3 emissions.
Top Scope 3 Categories
Lumentum'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.
Lumentum 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.
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Frequently Asked Questions
Common questions about Lumentum's sustainability data and climate commitments