Lowe’s targets net-zero emissions across Scopes 1, 2 and 3 by 2050

Lowe’s 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, 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. 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% – relative to 2016 emissions levels – 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.