Lubrizol Corporation, headquartered in the United States, is a leading global specialty chemicals company founded in 1928. With a strong presence in North America, Europe, and Asia, Lubrizol operates primarily in the automotive, industrial, and consumer markets. The company is renowned for its innovative solutions in lubricant additives, performance coatings, and advanced materials, which enhance the performance and longevity of products across various industries. Notable for its commitment to sustainability and technological advancement, Lubrizol has achieved significant milestones, including the development of eco-friendly formulations and cutting-edge polymer technologies. As a trusted partner to numerous Fortune 500 companies, Lubrizol's market position is bolstered by its extensive research and development capabilities, making it a key player in the specialty chemicals sector.
How does Lubrizol's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Lubrizol's score of 19 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2017, Lubrizol reported total carbon emissions of approximately 745,000 kg CO2e. This figure represents a slight decrease from 2016, when emissions were about 748,000 kg CO2e, and a more significant reduction from 2015, which saw emissions of around 699,000 kg CO2e. The data does not specify the breakdown of emissions into Scope 1, 2, or 3 categories. Lubrizol has set ambitious climate commitments, aiming for a 20% reduction in combined Scope 1 and Scope 2 greenhouse gas emissions by 2030, using 2018 as the baseline year. This target reflects the company's proactive approach to mitigating its environmental impact and aligns with industry standards for climate action. The company is currently on track to meet its near-term reduction goals, demonstrating a commitment to sustainability and responsible environmental stewardship.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lubrizol is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.