Carpenter Technology Sustainability Profile
Carpenter Technology Corporation, commonly referred to as Carpenter, is a leading player in the specialty metals industry, headquartered in the United States. Founded in 1889, the company has established a strong presence in key operational regions, including North America and Europe, focusing on the production of high-performance alloys and advanced materials. Carpenter's core offerings include stainless steels, titanium alloys, and other engineered materials, which are renowned for their exceptional quality and performance in demanding applications. The company has achieved significant milestones, including innovations in additive manufacturing and a commitment to sustainability, positioning itself as a trusted partner in industries such as aerospace, automotive, and medical. With a robust market position, Carpenter Technology continues to set benchmarks in material science and engineering excellence.
DitchCarbon Score
How does Carpenter Technology'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 Electrical Machinery Manufacturing 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
Carpenter Technology's score of 29 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Carpenter Technology's reported carbon emissions
In 2023, Carpenter Technology Corporation reported total carbon emissions of approximately 307,000,000 kg CO2e, comprising about 274,000,000 kg CO2e from Scope 1 emissions and about 33,000,000 kg CO2e from Scope 2 emissions. This reflects a notable increase from 2022, when total emissions were about 286,000,000 kg CO2e, with Scope 1 emissions at approximately 258,000,000 kg CO2e and Scope 2 emissions at about 28,000,000 kg CO2e. Over the past few years, Carpenter Technology has demonstrated a commitment to reducing its carbon footprint. In 2021, the company reported total emissions of about 267,000,000 kg CO2e, with Scope 1 emissions at approximately 240,000,000 kg CO2e and Scope 2 emissions at about 27,000,000 kg CO2e. This indicates a gradual increase in emissions over the years, with 2020 emissions recorded at about 260,000,000 kg CO2e and 2019 emissions at approximately 350,000,000 kg CO2e. Despite the lack of specific reduction targets or initiatives disclosed, Carpenter Technology is actively engaged in monitoring and reporting its emissions. The company has not cascaded any emissions data from a parent organisation and operates independently in its climate commitments. As of now, there are no reported commitments to the Science Based Targets initiative (SBTi) or other formal climate pledges. Overall, Carpenter Technology's emissions data highlights the challenges faced in reducing carbon emissions within the industry, while also underscoring the importance of ongoing efforts to track and manage environmental impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 299,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 51,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Carpenter Technology's Industry?
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Carpenter Technology'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.
Carpenter Technology 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.
