Our sustainability strategy focuses on three pillars: Our People and Our Communities, Product Sustainability and Operational Excellence. Key topics include:
- Attracting, developing and maintaining a diverse, health-conscious, skilled and engaged workforce
- Supporting our local communities
- Responsible sourcing
- Offering customers safer and more eco-friendly products
- Operating efficiently, ethically and responsibly
2024 Highlights
67%
Of our Executive Officers are diverse
$568M+
Invested in our local communities since 2018
19%
Reduction in our absolute scope 1 and 2 greenhouse gas emissions since 2021
20%
20% Reduction in scope 3 greenhouse gas emissions from 2021 base year
$9B+
Customer lifetime savings from Lowe's WaterSense® from products purchased in 2024
Strategy and Goals
By 2025:
- 100% of our strategic suppliers will have sustainability goals
- 100% of our wood products will be responsibly sourced
By 2025:
- Save customers more than $40 billion in energy costs through the sale of ENERGY STAR products
- Save customers more than $65 billion in lifetime water costs and 5 trillion gallons through the sale of WaterSense® labeled products
- 100% of private brand packaging will include the How2Recycle label, where space allows
- Increase the number of eco-products available to customers
By 2025:
- Reduce our lost time incident rate (LTIR) each year
By 2025:
- Invest $350 million in our local communities through partnerships and charitable contributions
Through 2024:
- Invest $100 million through Lowe's Hometowns Grants program
By 2030:
- 50% Renewable Energy by 2030
- Reduce absolute Scope 1 and 2 emissions by 42% and scope 3 emissions by 25%, from 2021 baseline
Stakeholder Engagement
Lowe's proactively and regularly engages with our internal and external stakeholders — those groups who impact or are impacted by Lowe's operations — to better understand their needs and concerns and to guide our strategic decision-making.
Our stakeholders include:
- Associates
- Customers
- Suppliers
- Shareholders
- Local communities
- Industry associations
- Government entities
- Academia
- Nongovernmental organizations (NGOs)
Lowe's proactively and regularly engages with our internal and external stakeholders — those groups who impact or are impacted by Lowe's operations — to better understand their needs and concerns and to guide our strategic decision-making.
Our stakeholders include:
- Associates
- Customers
- Suppliers
- Shareholders
- Local communities
- Industry associations
- Government entities
- Academia
- Nongovernmental organizations (NGOs)
Priority Topics
Understanding the priorities and expectations of our stakeholders plays an important role in how we set our strategies and goals as a responsible corporate citizen. We conducted an assessment in 2020 updating our topics and priorities guiding the development of our sustainability strategy and reporting.
- Supplier Social and Environmental Practices
- Climate Change, Energy & Emissions
- Product Responsibility
- Waste Management
- Natural Resources
- Ethics and Compliance
- Cybersecurity and Data Privacy
- Business Resilience
- Governance
