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, comprising 50,217,000 kg CO2e from Scope 1, 19,843,000 kg CO2e from Scope 2, and 70,060,000 kg CO2e from Scope 3 emissions. This reflects a slight increase in emissions from 2022, when total emissions were approximately 65,513,000 kg CO2e, with Scope 1 at 47,343,000 kg CO2e, Scope 2 at 18,170,000 kg CO2e, and Scope 3 at 65,513,000 kg CO2e. Encore Wire Corporation is committed to reducing its carbon footprint, having established near-term reduction targets. However, the company has not yet committed to a net-zero target. The emissions data is cascaded from Encore Wire Corporation, which is a current subsidiary, and reflects their ongoing efforts in sustainability within the trading companies and distributors sector. The company continues to monitor and report its emissions, aligning with industry standards and practices to enhance transparency and accountability in its climate commitments.
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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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