FAG Bearings Corporation Sustainability Profile
FAG Bearings Corporation, a prominent player in the bearing industry, is headquartered in the United States and operates extensively across North America and beyond. Founded in the early 20th century, the company has established itself as a leader in the design and manufacture of high-quality rolling bearings and related products. FAG Bearings is renowned for its innovative solutions, including precision bearings, spherical roller bearings, and deep groove ball bearings, which are engineered to enhance performance and reliability in various applications. The company’s commitment to quality and technological advancement has solidified its market position, making it a trusted choice for industries ranging from automotive to aerospace. With a rich history of milestones, FAG Bearings continues to set benchmarks in the bearing sector, ensuring optimal efficiency and durability for its customers.
DitchCarbon Score
How does FAG Bearings 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 Metal Fabrication 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
FAG Bearings Corporation's score of 37 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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FAG Bearings Corporation, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Schaeffler India Limited, which may influence its climate commitments and reporting practices. While FAG Bearings Corporation has not established specific reduction targets or initiatives, it is important to note that it inherits its climate performance metrics from its parent company. This relationship may provide a framework for future emissions reduction strategies and commitments. As part of the broader industry context, companies like FAG Bearings are increasingly expected to align with global climate initiatives and standards, such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, without specific data or commitments from FAG Bearings Corporation, it remains unclear how they plan to address their carbon footprint or contribute to climate action. In summary, FAG Bearings Corporation's current climate commitments and emissions data are not available, but their affiliation with Schaeffler India Limited may play a role in shaping their future sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 5,240,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 75,234,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is FAG Bearings Corporation's Industry?
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FAG Bearings Corporation's Scope 3 Categories Breakdown
FAG Bearings Corporation's Scope 3 emissions, which decreased by 50% last year and decreased by approximately 50% since 2022, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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FAG Bearings 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.
FAG Bearings Corporation 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.
