Lincoln Electric Holdings Inc 2024 SR
The report highlights Lincoln Electric's progress toward its 2025 Higher Standard Strategy, focusing on customer solutions, employee development, and operational excellence. Key achievements in 2024 include an 18% reduction in Scope 1 and 2 GHG emissions and a 29% reduction in water withdrawal compared to a 2018 baseline. The company launched its first double materiality assessment and integrated Human and Organizational Performance (HOP) safety practices globally. Additionally, Lincoln Electric advanced its clean technology portfolio through the acquisitions of Inrotech and RedViking while maintaining an industry-leading Vitality Index of 36%.
Company: Lincoln Electric Holdings Inc
Sector: Industrials
Country: United States
Year: 2024
Type: SR
Pages: 83
Lincoln Electric Holdings Inc
Sustainability Report
The report highlights Lincoln Electric's progress toward its 2025 Higher Standard Strategy, focusing on customer solutions, employee development, and operational excellence. Key achievements in 2024 include an 18% reduction in Scope 1 and 2 GHG emissions and a 29% reduction in water withdrawal compared to a 2018 baseline. The company launched its first double materiality assessment and integrated Human and Organizational Performance (HOP) safety practices globally. Additionally, Lincoln Electric advanced its clean technology portfolio through the acquisitions of Inrotech and RedViking while maintaining an industry-leading Vitality Index of 36%.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Workplace Fatalities
Employees