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Lowe's announced its goal to reach net-zero emissions across the company's scope 1, 2 and 3 greenhouse gas emissions by 2050. 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.
"Lowe's takes pride in making homes better for all, and part of doing that is reducing our impact on the environment," said Marvin Ellison, Lowe's chairman and CEO. "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."
"This new target marks a significant expansion of our previous climate commitments," said Chris Cassell, Lowe's vice president of corporate sustainability. "Through strong collaboration, this challenging but critical work will drive meaningful improvements across our full value chain, from our suppliers to Pros' worksites, to our customers' homes and our communities."
The net-zero target builds on Lowe's commitment to sustainability and recent progress, including achieving its 2025 goal of reducing scope 1 and scope 2 greenhouse gas emissions by 40% four years early. The company is also 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.
Additionally, Lowe's is making homes and buildings more sustainable and energy efficient. In 2021 alone, the company helped customers save 34.6 million metric tons in greenhouse gas emissions from the sale of ENERGY STAR certified products over their lifetime.
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