Lubrizol to reduce greenhouse gas emissions by 20%

Reduction targets for Scope 3 emissions, including reducing raw material and transportation impacts, will be added later this year

Lubrizol is committing to reducing the company’s Scope 1 and Scope 2 Greenhouse Gas emissions by 20% by 2030.

In the past year, Lubrizol sites have continued to migrate to cleaner-burning natural gas for heat and transportation, recaptured energy that can be used for heat, instituted new processes to reduce energy consumption and upgraded the efficiency of the company’s lighting, production and office equipment, among other efforts. Reduction targets for Scope 3 emissions, including reducing raw material and transportation impacts, will be added later this year.

In addition to its footprint contributions, the company’s handprint opportunities are immense. In 2020, the company committed to help the world Move Cleaner, enabling a 50% reduction in vehicle emissions by 2040. In addition, the company committed to helping its customers Create Smarter, increasing the circularity impact of its products by 25% by 2028, Lubrizol’s centennial.

With funding from The Lubrizol Foundation, the Metroparks will undertake new research, including calculating the amount of CO2 captured by its trees, understanding storage and sequestration across its 16,000 forest acres and developing guidelines to embed resilience to the impacts of climate change into forestry and conservation strategies.

The company also is one of several Berkshire Hathaway companies donating to The Nature Conservancy’s Plant a Billion Trees Campaign, with the goal of planting a billion trees across the planet. The Lubrizol Foundation’s support for the Montana State Parks Foundation and Armand Bayou Nature Center in Texas are also focused on preserving biodiversity in the places where our employees live.

In the last year, Lubrizol employees across the globe have participated in community clean ups, partnered with local ecologic fruit and vegetable producers and encouraged employees to make personal commitments to environmental change, amongst many other activities.

To further protect water resources, Lubrizol will conduct water risk assessments at all Lubrizol manufacturing sites in 2021, repeating this process biennially to determine opportunities for additional improvements. The company also will sponsor annual waterbody restoration activities in its local communities.

Finally, the company has pledged to decrease the impact of its waste by 10% by 2030. This includes reducing the amount of waste generated, reducing scrap and increasing recyclability. The company has already made significant progress in reducing pre-packing waste, reclassifying and improving waste packaging, and converting wastewater into meaningful use.