Apex Tool Group, LLC Sustainability Profile
Apex Tool Group, LLC, a leading name in the hand and power tool industry, is headquartered in the United States. Founded in 2010, the company has rapidly established itself as a key player in the manufacturing of high-quality tools and equipment, serving various sectors including automotive, construction, and industrial markets. With a diverse portfolio that includes renowned brands such as Crescent, Wiss, and Lufkin, Apex Tool Group is recognised for its innovative designs and commitment to durability. The company’s focus on precision and performance sets its products apart, making them a preferred choice among professionals. Notable achievements include significant market share in North America and a growing presence in international markets, underscoring its reputation for excellence in tool solutions. Apex Tool Group continues to drive advancements in tool technology, ensuring it remains at the forefront of the industry.
DitchCarbon Score
How does Apex Tool Group, LLC'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 Machinery and Equipment 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
Apex Tool Group, LLC's score of 12 is lower than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Apex Tool Group, LLC's reported carbon emissions
In 2023, Apex Tool Group, LLC reported significant carbon emissions totalling approximately 2,847,000,000 kg CO2e globally. This figure includes 593,392,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources. Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, amounted to about 319,967,000 kg CO2e (market-based) and 358,422,000 kg CO2e (location-based). Additionally, Scope 3 emissions, which encompass all other indirect emissions in the value chain, reached approximately 2,047,164,000 kg CO2e. Despite these substantial figures, Apex Tool Group has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. There are no commitments to the Science Based Targets initiative (SBTi) or other climate pledges noted in their reports. The absence of reduction initiatives suggests a need for further action in addressing climate change and enhancing sustainability practices within the organisation.
How Carbon Intensive is Apex Tool Group, LLC's Industry?
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Apex Tool Group, LLC'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.
Apex Tool Group, LLC 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.
