Lowe's Sets Goal to Reach Net-Zero Emissions across Scopes 1, 2 and 3 by 2050
MOORESVILLE, N.C., Dec. 5, 2022 /PRNewswire/ -- Lowe's today 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 (SBTi), the global body enabling businesses to set emissions reduction targets in line with climate science. To meet interim SBTi targets, Lowe's has also committed to decreasing its scope 1 and scope 2 emissions by 40% and reducing scope 3 emissions by 22.5% below 2021 levels by 2030.
- To meet interim SBTi targets, Lowe's has also committed to decreasing its scope 1 and scope 2 emissions by 40% and reducing scope 3 emissions by 22.5% below 2021 levels by 2030.
- "Starting with the net-zero goal we've made today, we're excited to work even more closely with stakeholders from suppliers to customers to drive sustainable practices."
- Partnering with suppliers to help reduce upstream emissions: Lowe's is working closely with suppliers to increase their operational efficiency and reduce their emissions through the use of renewable energy and low-carbon innovations.
- The company does not undertake any obligation to update forward-looking information included in this release or any of its public filings.