Albany Engineered Composites, Inc. Sustainability Profile
Albany Engineered Composites, Inc., commonly referred to as Albany, is a leading player in the advanced materials industry, headquartered in the United States. Founded in 2002, the company has established itself as a pioneer in the development and manufacturing of composite materials, primarily serving the aerospace and defence sectors. With operational facilities across key regions in the US, Albany focuses on producing high-performance composite structures that are lightweight yet robust, catering to the stringent demands of modern aviation. Their innovative products, including advanced composite components and assemblies, are distinguished by their superior strength-to-weight ratio and durability. Albany's commitment to quality and innovation has positioned it as a trusted partner for major aerospace manufacturers, contributing to significant milestones in the industry. The company continues to push the boundaries of composite technology, solidifying its reputation as a leader in engineered composites.
DitchCarbon Score
How does Albany Engineered Composites, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Textile Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Albany Engineered Composites, Inc.'s score of 23 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Albany Engineered Composites, Inc.'s reported carbon emissions
In 2023, Albany Engineered Composites, Inc. reported total carbon emissions of approximately 827,218,000 kg CO2e, with emissions distributed across various scopes: 22,371,000 kg CO2e (Scope 1), 53,607,000 kg CO2e (Scope 2), and 827,218,000 kg CO2e (Scope 3). The combined total for Scope 1 and Scope 2 emissions was about 57,756,000 kg CO2e. Comparatively, in 2022, the company recorded total emissions of around 704,387,000 kg CO2e, with Scope 1 emissions at 20,502,000 kg CO2e and Scope 2 emissions at 46,695,000 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023, particularly in Scope 3 emissions. Albany Engineered Composites, Inc. is a current subsidiary of Albany International Corp., which influences its climate commitments and reporting. However, there are no specific reduction targets or climate pledges disclosed for Albany Engineered Composites, Inc. at this time. The company has not reported any initiatives under the Science Based Targets initiative (SBTi) or other climate frameworks, indicating a potential area for future development in their sustainability strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 20,502,000 | 00,000,000 |
| Scope 2 | 46,695,000 | 00,000,000 |
| Scope 3 | 704,387,000 | 000,000,000 |
How Carbon Intensive is Albany Engineered Composites, Inc.'s Industry?
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Albany Engineered Composites, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Albany Engineered Composites, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
