Lowe’s latest sustainability report
Lowe’s 20th corporate responsibility report, just released, details the company’s advancements in product sustainability, operational excellence and community support, demonstrating its commitment to corporate citizenship.
“We have a responsibility to the customers and communities we serve, and this report not only reflects our efforts and advancements but also our culture of continuous improvement,” said Marvin Ellison, Lowe’s chairman and CEO.
The retailer said its latest report spotlights the company’s associate and community investments, along with its path to net zero emissions.
Highlights of report include:
- Continued progress against Lowe’s interim and long-term net-zero emissions targets, announced in December 2022 and further illustrated in the report's “Our Path to Net Zero” page. The company has achieved a 49% reduction in scope 1 and 2 greenhouse gas emissions since 2016 and a 6% reduction in total energy consumption since 2021.
- Collaborated with suppliers to help drive efficiency, electrification and renewable energy in manufacturing processes. Of Lowe’s strategic suppliers, 86% have set sustainability goals.
- Demonstrated ongoing commitment to associates by awarding more than $580 million in bonuses to frontline associates and by filling more than 80% of leadership positions from within in 2022.
- Surpassed the company’s 2025 goal to invest $350 million in local communities by investing over $400 million since 2018 in initiatives focused on supporting critical housing repairs, skilled trades workforce development and disaster relief.
- Launched Lowe’s Hometowns, a five-year, $100 million initiative designed to improve and revitalize communities across the United States. Lowe’s Hometowns grants benefit efforts ranging from the improvement of housing and community centers to transforming outdoor spaces and facilities for first responders and veterans.
- Named to the Dow Jones Sustainability Index for North America for the fourth consecutive year.
“At Lowe’s, we take pride in being one of the most trusted brands in America, and I’m grateful for the 300,000 associates whose hard work and dedication make that possible,” said Ellison.
