Babcock & Wilcox Sustainability Profile
Babcock & Wilcox Enterprises, Inc., commonly referred to as B&W, is a leading provider of energy and environmental technologies headquartered in the United States. Founded in 1867, the company has established a strong presence in key operational regions, including North America and various international markets. Specialising in advanced steam generation systems, emissions control technologies, and renewable energy solutions, B&W is renowned for its innovative approach to sustainable energy. The company’s core products, such as its high-efficiency boilers and waste-to-energy systems, set it apart in the competitive energy sector. With a rich history marked by significant milestones, Babcock & Wilcox has solidified its market position through notable achievements, including its commitment to reducing carbon emissions and enhancing energy efficiency.
DitchCarbon Score
How does Babcock & Wilcox'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
Babcock & Wilcox's score of 48 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Babcock & Wilcox's reported carbon emissions
Babcock & Wilcox (BW), headquartered in the US, has set ambitious climate commitments aimed at achieving net-zero emissions by 2030. The company has committed to reducing its Scope 1, Scope 2, and Scope 3 emissions by 100% from a 2020 baseline. This comprehensive approach reflects BW's dedication to aligning with the Science Based Targets initiative (SBTi) and the urgent need to mitigate climate change. BW's targets include: - **Scope 1 Emissions**: A commitment to eliminate all direct emissions by 2030. - **Scope 2 Emissions**: A commitment to eliminate all indirect emissions from purchased electricity by 2030. - **Scope 3 Emissions**: A commitment to eliminate all other indirect emissions by 2030. These targets are part of BW's broader strategy to reach net-zero emissions across all scopes by 2030, demonstrating a strong commitment to sustainability and environmental responsibility. The targets have been classified as consistent with the reductions required to limit global warming to 1.5°C, reflecting BW's proactive stance in the construction and engineering sector. As of now, there is no specific emissions data available for BW, but the outlined commitments signify a robust framework for future emissions reductions.
How Carbon Intensive is Babcock & Wilcox's Industry?
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Babcock & Wilcox'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.
Babcock & Wilcox 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.
