Lam Research

Semiconductors
LRCX
$ 483 (3)%
Share price
$ 65 bn
Market Cap
$ 66 bn
Enterprise Value

Carbon footprint

1.6 Ton
GHG emissions per $ 1 mln investment
0.04x the weighted average for S&P 500
FY2021
How is this calculated?
-6.5%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-4.3%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Lam Research aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2019


1.5°C
Lam Research's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

Lam Research aims to achieve carbon neutrality for all Scopes by 2050


This target has not been verified as science based according to SBTi
Lam Research's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Lam Research's GHG emissions (market-based) (Kt of CO2e)
Lam Research's Carbon intensity (Tons per 1 USDm)

Lam Research's carbon footprint

Lam Research reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 107 Kt (-7.5 /-6.5% y-o-y). Also positively, carbon intensity was down at 9.6 t (-2.8 /-22.6% y-o-y).

Lam Research's Scope 3 emissions skyrocketed to 6,700 Kt (+3,800/+131% y-o-y). The growth has slowed compared to the trend since 4Q'19 (CAGR +562%).

The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2019, which translates into the estimated reduction of -4.6 Kt per annum over the period of FY2022 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving carbon neutrality for all Scopes by 2050, which translates into the estimated reduction of -235 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Lam Research aims to achive carbon neutrality across its entire value chain (all Scopes) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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