Carbon Engineering Sustainability Profile
Carbon Engineering Ltd., headquartered in California, is a pioneering company in the carbon capture and utilisation industry. Founded in 2009, it has established itself as a leader in developing innovative technologies aimed at reducing atmospheric CO2 levels. The company focuses on Direct Air Capture (DAC) systems, which uniquely extract carbon dioxide directly from the air, offering a scalable solution to combat climate change. With operational regions extending beyond California, Carbon Engineering is committed to advancing sustainable practices in energy and industrial sectors. Its core products, including modular DAC plants, are designed to integrate seamlessly with existing infrastructure, making them a practical choice for various applications. Recognised for its significant contributions to carbon management, Carbon Engineering continues to play a vital role in the global transition towards a low-carbon economy.
DitchCarbon Score
How does Carbon Engineering'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 Insurance 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
Carbon Engineering's score of 35 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Carbon Engineering's reported carbon emissions
In 2020, Carbon Engineering reported emissions data that includes various production emission factors, although specific total emissions figures were not disclosed. The company operates under a cascading emissions data structure, inheriting relevant information from its parent company, Carbon Engineering ULC. Notably, the emissions data is linked to the processes involved in their Direct Air Capture (DAC) technology, with a life-cycle carbon intensity of approximately 0.029 kg CO2e/MJ for the oxy-fired calciner and about 0.0098 kg CO2e/MJ for the electric calciner. As of the latest data, Carbon Engineering has not set specific reduction targets or climate pledges, nor have they disclosed any Scope 1, 2, or 3 emissions data. The absence of defined reduction initiatives suggests a need for further commitment to climate action within the industry context. The company is part of a broader corporate family relationship with Occidental Petroleum Corporation, which may influence its climate strategies and reporting. Overall, while Carbon Engineering is engaged in innovative carbon capture technologies, the lack of detailed emissions data and reduction commitments highlights an area for potential growth in their climate strategy.
How Carbon Intensive is Carbon Engineering's Industry?
How Carbon Intensive is Carbon Engineering's Location?
Carbon Engineering'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.
Carbon Engineering 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.
