Encore Wire Corporation Sustainability Profile
Encore Wire Corporation, headquartered in the United States, is a leading manufacturer in the electrical wire and cable industry. Founded in 1989, the company has established itself as a key player, particularly in the production of copper and aluminium building wire, which serves a diverse range of applications from residential to commercial construction. With major operations across the US, Encore Wire is renowned for its commitment to quality and innovation, offering a comprehensive portfolio of products that includes low-voltage and high-voltage wire solutions. The company’s state-of-the-art manufacturing facilities and dedication to sustainability set it apart in a competitive market. Encore Wire's notable achievements include significant growth in market share and recognition for its exceptional customer service. As a trusted supplier, Encore Wire Corporation continues to shape the future of electrical wiring with its reliable and efficient products.
DitchCarbon Score
How does Encore Wire Corporation'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 Business 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
Encore Wire Corporation's score of 41 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Encore Wire Corporation's reported carbon emissions
In 2023, Encore Wire Corporation reported total carbon emissions of approximately 70,060,000 kg CO2e across all scopes. This includes 50,217,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 19,843,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions amounted to about 70,060,000 kg CO2e, with the majority (65,239,000 kg CO2e) attributed to the use of sold products. Comparatively, in 2022, the company recorded total emissions of approximately 65,513,000 kg CO2e, indicating a slight increase in emissions year-on-year. The breakdown for 2022 included 47,343,000 kg CO2e from Scope 1, 18,170,000 kg CO2e from Scope 2, and 65,513,000 kg CO2e from Scope 3. Encore Wire Corporation has committed to near-term climate targets, although specific reduction targets have not been disclosed. The company is currently classified as "Committed" under the Science Based Targets initiative (SBTi), indicating a proactive approach to managing its carbon footprint. However, it has not set a net-zero target as of now. The emissions data is cascaded from Encore Wire Corporation, reflecting its current status as a subsidiary. The company operates within the Trading Companies and Distributors sector in the United States, focusing on commercial services and supplies.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 47,343,000 | 00,000,000 |
| Scope 2 | 18,170,000 | 00,000,000 |
| Scope 3 | 65,513,000 | 00,000,000 |
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Encore Wire Corporation's Scope 3 Categories Breakdown
Encore Wire Corporation's Scope 3 emissions, which increased by 7% last year and increased by approximately 7% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 93% of Scope 3 emissions.
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Encore Wire Corporation'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.
Encore Wire Corporation 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.
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Frequently Asked Questions
Common questions about Encore Wire Corporation's sustainability data and climate commitments