Arconic

Arconic, a US-based company in the machinery and equipment sector, reported its total carbon emissions for 2023 as approximately 11.51 billion kg CO2e. This includes Scope 1 emissions of about 840 million kg CO2e, Scope 2 emissions of around 550 million kg CO2e, and Scope 3 emissions of approximately 10.12 billion kg CO2e.

Looking back, Arconic's total emissions have seen fluctuations. In 2022, total emissions were about 12.61 billion kg CO2e, comprising roughly 860 million kg CO2e for Scope 1, 560 million kg CO2e for Scope 2, and 11.19 billion kg CO2e for Scope 3. In 2021, total emissions were higher at approximately 13.73 billion kg CO2e, with Scope 1 at 840 million kg CO2e, Scope 2 at 580 million kg CO2e, and Scope 3 at 12.31 billion kg CO2e. The company's highest reported total emissions in recent years were in 2019, reaching about 15.09 billion kg CO2e.

Arconic has set ambitious climate commitments. The company aims to reduce its Scope 1 emissions to near zero by 2025 and is committed to an absolute reduction of 30% in Scope 1 emissions from a 2020 baseline by 2030. Similarly, Arconic plans to reduce its Scope 2 emissions to near zero by 2025 and targets an absolute reduction of 30% in Scope 2 emissions from a 2020 baseline by 2030.

Additionally, Arconic's climate commitments are aligned with Science Based Targets initiative (SBTi) guidelines through a cascaded target from ARC CO., LTD. (Japan). This near-term target, approved for Small and Medium-sized Enterprises (SMEs) and classified as consistent with a 1.5°C warming scenario, commits to reducing Scope 1 and Scope 2 GHG emissions by 50% by 2030 from a 2018 base year, and to measure and reduce its Scope 3 emissions.