Lowe’s Companies Inc. reached an important greenhouse gas emissions (GHG) milestone four years ahead of schedule.
The home improvement giant has published its 2021 Corporate Responsibility report, detailing the company’s goals and progress in three key areas: people and communities, product sustainability, and operations.
Highlights of Lowe’s 2021 Corporate Responsibility report include:
- Achieving a 2025 goal of reducing Scope 1 and 2 greenhouse gas emissions (GHG) by 40 per cent – four years early in 2021 – with a reduction of 42 per cent over the past five years.
- Investing $10M and completed 100 community impact projects through the 100 Hometowns initiative, which helped communities rebuild from natural disasters, repair critical housing, restore community centres, and revive green spaces.
- Assisted more than 1.8 million people through the Lowe’s-led, nationwide Generation T movement, promoting the benefits of skilled trade careers through online education, in-person events and virtual learning opportunities.
- Delivered future water and energy bill savings of $17.7bn to Lowe’s customers who purchased the company’s Energy Star and WaterSense products in 2021. The company is also developing buying guides to embed sustainability criteria into product decisions.
- Provided more than $4.5M in assistance to 3,140 Lowe’s associates as part of the Lowe’s Employee Relief Fund, funded by associates and matched dollar-for-dollar by Lowe’s.
- Distributed more than $740M in bonuses to frontline associates.
Lowe’s says in the next 100 years, the company will continue to address key issues facing people and the planet, including by setting a science-based net-zero target by the end of 2022 that will include near and long-term GHG emissions reduction goals for its full value chain.
