Lowe's
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Owned |
USA |
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Home improvement retail
USA's second-largest hardware chain. Started an ill-fated joint venture with Woolworths in 2011, with plans to build 150 Masters Home Improvement stores in Australia.
Lowe's Companies Inc | USA | website |
Company Assessment
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Lowe's Companies Inc | ||||
America's Most Responsible Companies 2022 by Newsweek and Statista recognises the Top 500 most responsible companies in the United States. Companies were evaluated in three areas: environmental (waste, energy use, etc.), social (leadership diversity, employees and philanthropy) and governance (transparency and economic performance). This company received a total score of 85.4/100, ranking 2nd in the Retail sector, and 43rd overall.
Source: Newsweek (2021)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of B.
Source: CDP (2023)
In 2021 the Mind the Store campaign ranked 50 of the largest retailers in North America on their efforts to eliminate toxic chemicals from consumer products. This company received a grade of B-.
Source: Mind the Store (2021)
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Source: Human Rights Campaign (2021) |
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 18%.
Source: Forest 500 (2022)
As You Sow's 2022 report, 'Road to Zero Emissions', assessed the progress of 55 of the largest U.S. corporations in reducing greenhouse gas (GHG) emissions in line with the Paris Agreement's objective of limiting global average temperature rise to 1.5 degrees Celsius above pre-industrial levels, which requires achieving "net zero" emissions by 2050. Companies are graded on: climate related disclosures; GHG reduction targets, and GHG reductions. This company received an Overall Net Zero grade of D-.
Source: As You Sow (2022)
In May 2016 the US Equal Employment Opportunity Commission (EEOC) announced the approval of the resolution of a nationwide disability discrimination case against this company. A US District Court Judge approved the consent decree which called for the distribution of US$8.6 million. The company violated the Americans with Disabilities Act (ADA) and engaged in a pattern and practice of discrimination against people with disabilities by firing them and by failing to provide reasonable accommodations to them when their medical leaves of absence exceeded Lowe's 180-day (and, subsequently, 240-day) maximum leave policy. EEOC also charged that the company violated the ADA by terminating individuals who were "regarded as" disabled, had a record of disability, and/or were associated with someone with a disability.
Source: US EEOC (2016)
Lowe's has faced a number of class action lawsuits in USA for underpaying employees for overtime. Lawsuits have been settled for $2.95 million in California and $6.2 million in Texas, with more lawsuits still pending.
Source: Wikipedia (2012)
In January 2017 a US$2.85 million settlement was reached in an employment class action lawsuit against Lowe's Home Centers LLC, a subsidiary of this company. The lawsuit alleged that installation workers were misclassified as independent contractors rather than employees eligible for benefits. This is in violation of the New Jersey Construction Industry Independent Contractor Act and common law unjust enrichment. The result of the alleged misclassification was that it prevented the installers from receiving benefits including liability insurance coverage, workers compensation, temporary disability and health insurance. Further, they were barred them from eligibility for Social Security and Medicare. The company also paid US$6.5 million in a similar lawsuit in California in 2015.
Source: LawyersandSettlements.com (2017)
In 2022 the median pay for a worker at this company was US$29,584. The CEO was paid 591 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Source: AFL-CIO (2023) |
As You Sow's 2022 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Marvin R. Ellison came in at number 69 on the list, having been paid US$23,075,881 in 2021. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
Source: As You Sow (2022)
This company is listed on the EPA Green Power Partnership website (USA) as using renewable energy for 9% of its organisation-wide electricity use in the USA.
Source: EPA (2023)
In April 2015, after 2 years of pressure from Friends of the Earth and allies, this company announced it will phase out bee-killing "neonic" pesticides.
Source: FOE (2015)
This company is a member of the Green Chemistry and Commerce Council (GC3), a business-to-business forum that advances the application of green chemistry and design for environment across supply chains. It provides an open forum for cross-sectoral collaboration to share information and experiences about the challenges to and opportunities for safer chemicals and products.
Source: GC3 (2019)
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
Source: RMI (2019)
This company has sustainability claims on its website in the areas of eco-friendly products, responsible sourcing, community support and operating ethically and responsibly.
Source: company website (2021)
This company is a member of How2Recycle. The How2Recycle Label is a voluntary, standardized labeling system that clearly communicates recycling instructions to the public. It involves a coalition of forward thinking brands who want their packaging to be recycled and are empowering consumers through smart packaging labels. Companies must be a member of the program to use the How2Recycle Label.
Source: How2Recycle (2023)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts towards removing commodity-driven deforestation and forest degradation from its direct operations and supply chains. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Forests score of C.
Source: CDP (2023)
As You Sow's 2019 report, Mining the Disclosures, is a deep analysis of 215 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was 52.8% (Adequate).
Source: As You Sow (2019)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of C.
Source: CDP (2023)
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020)
This company received an S&P Global ESG Score of 44/100 in the Retailing category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 21 Oct 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2024 rankings the public identified 20 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 297th of 937 companies, and 9th of 42 Retail companies.
Source: JUST Capital (2024) |
Company Details
Type | Public company |
Founded | 1921 |
Revenue | 72 billion USD (2020) |
Employees | 300,000 (2020) |
Contact Details
Address | Mooresville, North Carolina, USA |
Website | www.lowes.com |