Lennox International Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:6.5%
Total Energy Consumption:285,407 MWh/year
Water Consumption:211,444 m3/year
Waste Generated:34,803 tons/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 26% reduction in energy use intensity (compared to 2014 baseline)
- 28% reduction in landfill solid waste intensity (compared to 2014 baseline)
- 27% reduction in water withdrawal intensity (compared to 2014 baseline)
- 53% of total revenue from highly-efficient products
Social Achievements
- 30% reduction in recordable frequency rate (compared to 2018)
- Launched the LII Lennox Foundation, donating $1.1 million to over 215 charities
- Employees volunteered over 5,100 hours
Governance Achievements
- 89% independent Board of Directors
- 44% female representation on the Board
- Established the LII Lennox Foundation
Climate Goals & Targets
Medium-term Goals:
- Transition to lower GWP refrigerants by 2025
Short-term Goals:
- Reduce energy usage by 25% by 2024 (from 2014 baseline)
- Reduce water usage by 25% by 2024 (from 2014 baseline)
- Reduce landfill solid waste by 25% by 2024 (from 2014 baseline)
Environmental Challenges
- Supply chain disruptions due to severe weather events
- Changing environmental regulations
- Transitioning to lower GWP refrigerants
Mitigation Strategies
- Robust business continuity planning processes
- Dual sourcing projects
- Active participation in the development and implementation of climate-related policies
- Investment in R&D for more efficient and sustainable products
Supply Chain Management
Supplier Audits: All new suppliers are audited; 20 new sustainability questions added in 2023
Responsible Procurement
- Business Partner Code of Conduct
- Human Rights Policy
- Supplier risk management system (Resilinc)
- Third-party sustainability survey (Assent)
Climate-Related Risks & Opportunities
Physical Risks
- Severe weather events
- Sea level rise
- Chronic heat waves
Transition Risks
- Regulatory changes
- Market shifts
- Changes in environmental and energy efficiency standards
Opportunities
- Development of energy-efficient products
- Support for electrification and decarbonization goals
Reporting Standards
Frameworks Used: SASB, TCFD
Certifications: ISO 14001, ISO 45001, ISO 50001, ISO 9001
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 9 (Industry, Innovation, and Infrastructure)
- Goal 13 (Climate Action)
Lennox's initiatives contribute to these goals through energy-efficient products, sustainable practices, and advocacy for climate-friendly policies.
Sustainable Products & Innovation
- Energy-efficient heat pumps, air conditioners, and furnaces
- Cold climate heat pumps
- Variable speed products
- Smart communicating controls