American Axle And Manufacturing

American Axle And Manufacturing's reported carbon emissions

American Axle & Manufacturing (AAM), headquartered in the US and operating within the motor vehicles, trailers, and semi-trailers industry, reported substantial carbon emissions across its operations. For the year 2024, AAM's total emissions, encompassing Scope 1, 2, and 3, amounted to approximately 42.1 billion kg CO2e. This includes Scope 1 emissions of about 91.3 million kg CO2e and Scope 2 emissions of approximately 176.8 million kg CO2e. Scope 3 emissions were significantly higher, totalling roughly 41.8 billion kg CO2e, with the largest contributors being the use of sold products (approximately 10.8 billion kg CO2e) and purchased goods and services (about 2.9 billion kg CO2e). In 2023, AAM's total emissions were approximately 15.1 billion kg CO2e, comprising about 94.6 million kg CO2e for Scope 1 and approximately 297.2 million kg CO2e for Scope 2. Scope 3 emissions in 2023 were around 14.7 billion kg CO2e, with the use of sold products contributing roughly 13.3 billion kg CO2e. Looking at previous years, total emissions for 2022 were approximately 437.1 million kg CO2e (Scope 1: 93.7 million kg CO2e, Scope 2: 343.4 million kg CO2e). In 2021, total emissions were approximately 475.8 million kg CO2e (Scope 1: 87 million kg CO2e, Scope 2: 388.7 million kg CO2e). For 2020, total emissions were about 462.9 million kg CO2e (Scope 1: 81 million kg CO2e, Scope 2: 382 million kg CO2e). Emissions data for 2019 and 2018 were approximately 984.4 million kg CO2e and 1.08 billion kg CO2e respectively, primarily comprising Scope 1 and Scope 2 emissions. AAM has established several climate commitments and reduction targets. The company aims to reduce Scope 1 and Scope 2 emissions by 45% from a 2020 baseline by 2030. Furthermore, AAM is committed to sourcing 100% renewable and carbon-free energy globally by 2035 and achieving 100% carbon-free and renewable energy in the US by 2025. They also aim to reduce their Scope 1 and Scope 2 emissions to near zero by the middle of this decade (2025). AAM also intends to reduce its emissions intensity by 5% annually from a 2020 baseline, aligning with its Science Based Targets initiative (SBTi) emission reduction targets. An additional target focuses on reducing energy consumption intensity by nearly 3% annually from an adjusted 2020 baseline.