Lowe's Publishes Latest Corporate Responsibility Report

• Company provides its path to net zero, outlining goal to reduce emissions across full value chain

Published today, Lowe's 2022 Corporate Responsibility Report details the company's advancements in product sustainability, operational excellence and community support, demonstrating Lowe's commitment to corporate citizenship. 

In 2022, Lowe’s made strides to implement on-site solar at its stores and supply chain network, with rooftop solar plans for approximately 170 locations nationwide.  

Lowe’s associates support their communities in a variety of ways, including helping them prepare for and recover from natural disasters.

"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 Marvin Ellison, Lowe's chairman and CEO. "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."

Lowe's 20th corporate responsibility report spotlights the company's associate and community investments, along with its path to net zero emissions.

"This report demonstrates Lowe's two decades of leading by example, making decisions that are good for our business and good for our planet," said Chris Cassell, Lowe's vice president, corporate sustainability. "We're in a unique position to help customers live more sustainably through our products and supplier relationships. It's going to take strong collaboration, and we will continue to share updates along the way."

Highlights of Lowe's Corporate Responsibility 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.

Today Lowe's also released its third Culture, Diversity & Inclusion Report, which details the company's diversity and inclusion strategies and programs for its associates. In 2022, Lowe's added its eighth Business Resource Group, Generations, which is focused on the company's multi-generational workforce and customer base.

To learn more about corporate responsibility at Lowe's, please visit responsibility.lowes.com.

Source : Lowe's

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