 |
| |
Lowe’s Lays Down Goal For 2050 | |
| Staff Writer |
Lowe’s Company announced its goal to reach net-zero emissions across the company’s scope 1, 2, and 3 greenhouse gas emissions by 2050, in accordance with guidelines from the Science Based Targets Initiative, a global body that allows businesses to set emissions reduction targets in line with climate science.
 |
To meet interim SBTi targets, Lowe’s has also committed to decrease its scope 1 and scope 2 emissions by 40% and reduce scope 3 emissions by 22.5% below 2021 levels by 2030.
"Lowe's takes pride in making homes better for all, and part of that is reducing our impact on the environment, starting with stakeholders—from suppliers to customers—to drive sustainable practices," said Marvin Ellison, chairman and CEO of Lowe's.
To reach net-zero emissions by 2050, Lowe’s reduction strategy includes, among other things, increasing operational efficiency and working to reduce emissions within Lowe’s footprint, continuing to expand sustainable products and services offered to customers, and partnering with suppliers to help upstream emissions.
"This new target represents a significant expansion of our previous climate commitments, and through strong collaboration, this challenging but critical work will drive meaningful improvements across our entire value chain, from our suppliers to professionals; worksite, to our customers' homes and communities," Chris Cassell Low's vice president to the media said.
Simultaneously, the company is working to reach 50% renewable energy for Lowe’s facilities by 2030, and 74% of its strategic suppliers had sustainability goals in place in 2021. Lowe’s is also making homes and buildings more sustainable and energy efficient. In 2021, the company helped customers save 34.6 million metric tonnes in greenhouse gas emissions from the use of ENERGY STAR certified products over their lifetime.