Altair Engineering Inc. Sustainability Profile
Altair Engineering Inc., commonly referred to as Altair, is a leading global technology company headquartered in the United States. Founded in 1985, Altair has established itself as a pioneer in the fields of simulation, high-performance computing, and data analytics, serving a diverse range of industries including automotive, aerospace, and manufacturing. With a strong presence in North America, Europe, and Asia, Altair offers innovative software solutions that empower organisations to optimise product design and performance. Their core products, such as Altair HyperWorks and Altair Smart Learning, are distinguished by their advanced capabilities in simulation-driven design and artificial intelligence. Recognised for its commitment to sustainability and efficiency, Altair has achieved significant milestones, including numerous awards for innovation and excellence in engineering software. As a trusted partner in the industry, Altair continues to shape the future of technology with its cutting-edge solutions.
DitchCarbon Score
How does Altair Engineering 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 Computer Services 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
Altair Engineering Inc.'s score of 100 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Altair Engineering Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is a current subsidiary of Siemens Aktiengesellschaft, which influences its climate commitments and initiatives. While Altair Engineering Inc. has not set specific reduction targets or disclosed emissions data, it aligns with the sustainability efforts of its parent company, Siemens. This includes participation in initiatives such as the Science Based Targets initiative (SBTi) and RE100, both of which are cascaded from Siemens. These initiatives aim to promote significant reductions in greenhouse gas emissions and transition to 100% renewable energy, respectively. As part of its commitment to climate action, Altair Engineering Inc. is expected to adhere to the broader sustainability goals set by Siemens, focusing on reducing Scope 1, 2, and 3 emissions through innovative engineering solutions and sustainable practices. However, specific targets or achievements related to emissions reductions have not been disclosed at this time.
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| 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 963,740 | 000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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Altair Engineering Inc.'s Scope 3 Categories Breakdown
Altair Engineering Inc.'s Scope 3 emissions, which decreased by 15% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 95% of Scope 3 emissions.
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Altair Engineering 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.
Altair Engineering Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
