Lockheed Martin Corp.

"Lockheed Martin Corp., a company based in the USA, has set a net zero target of reducing its emissions by 36.0% relative to 2020 emissions by the year 2030. Net Zero Tracker
This target covers scope 1 and scope 2 emissions. Net Zero Tracker
An interesting fact about their environmental policy is that Lockheed Martin was an early adopter of science-based carbon reduction goals and has shifted from intensity-based emissions models to a commitment in absolute terms. Net Zero Tracker
In addition, you can check out the net-zero commitments and data for the relevant actors:"

Current Score (vs. LY)

29.0 pts (-4.5)

Last Update: Dec. 31, 2023

Current Rankings

Global: #122

S&P100: #81

Industrials: #15

86.7%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

7.5%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

0.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 297,630292,755305,362
Scope 2 - location-based 554,643626,082662,659
Scope 2 - market-based 391,320497,780NA
Scope 1-2 - location-based 852,273918,837968,021
Scope 1-2 - market-based 688,950 790,535 NA
Scope 3 36,888,33032,158,27637,839,756
Total - location-based 37,740,60333,077,11338,807,777
Total - market-based 37,577,280 32,847,811 NA

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 36,983,12837,577,280
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Lockheed Martin Corp. belongs to the sector Industrials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Lockheed Martin by zerotracker.net: May 6, 2023
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Not Specified

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 10.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 6.0 10.0 0.0
Transparency 26.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 3.0 10.0 3.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 3.0 40.0 3.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 0.0 10.0 -7.5
Results 0.0 30.0 -7.5
Total 29.0 100.0 -4.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? full 5.0 / 5.0 5.0 0.0 5.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? C 6.0 / 10.0 6.0 0.0 8.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 0.0 3.0 0.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 3.2°C 0.0 / 10.0 7.5 -7.5 5.0
Total 29.0 / 100.0 33.5 -4.5 33.0


Available Data Sources

Reporting Year 2022 2021 2021 2021 2020 2020 2020 2019 2019 2019
Source Wikirate (NV) Public Yourstake Wikirate (NV) CDP Public Wikirate (NV) Wikirate (NV) Public CDP
Publication Year unknown 2022 2022 2022 2021 2021 2022 2022 2021 2020
Scope 1 317,143 297,630 297,630 297,630 292,755 292,755 292,755 305,362 305,362 305,362
Scope 2 - location-based 508,459 554,643 554,643 554,643 626,082 626,082 626,082 662,659 662,659 662,659
Scope 2 - market-based NA 391,320 391,320 NA 497,780 497,780 NA NA 466,073 466,073
Scope 1-2 - location-based 825,602 852,273 852,273 852,273 918,837 918,837 918,837 968,021 968,021 968,021
Scope 1-2 - market-based NA 688,950 688,950 NA 790,535 790,535 NA NA 771,435 771,435
Scope 3 28,431,587 36,888,330 36,888,330 36,888,330 32,158,276 32,158,276 31,937,009 37,839,756 35,177,179 30,644,500
Total - location-based 29,257,189 37,740,603 37,740,603 37,740,603 33,077,113 33,077,113 32,855,846 38,807,777 36,145,200 31,612,521
Total - market-based NA 37,577,280 37,577,280 NA 32,847,811 32,948,811 NA NA 35,948,614 31,310,935

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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