Fastenal Company, commonly known as Fastenal, is a leading distributor of industrial and construction supplies, headquartered in the United States. Founded in 1967, the company has established a strong presence across North America and beyond, with operations extending into Europe and Asia. Fastenal is renowned for its extensive inventory of fasteners, tools, and safety products, catering to a diverse range of industries.
With a commitment to innovation, Fastenal has developed unique services such as vending solutions and inventory management systems, setting it apart in the competitive marketplace. The company has achieved significant milestones, including a robust network of over 3,200 locations, solidifying its position as a key player in the industrial supply sector. Fastenal's dedication to customer service and product availability continues to drive its success and growth in the industry.
+17 vs industry average
Fastenal’s score of 49 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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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Fastenal's reported carbon emissions
Fastenal's commitment to climate action includes a long-term goal to reach net-zero emissions by 2050, stemming from its intention announced in 2021. The company is also exploring the development of a detailed transition plan to achieve this ambition. For Scope 1 and 2 emissions, Fastenal has committed to reducing its Scope 2 emissions intensity by 45% by 2030, using a 2021 baseline. This target encompasses all distribution centres and manufacturing facilities. In terms of recent performance, for the reporting year 2024, Fastenal reported total emissions of approximately 164.6 million kg CO2e. This figure comprises Scope 1 emissions of about 128.3 million kg CO2e and Scope 2 emissions of approximately 36.3 million kg CO2e. They also reported 10.0 million kg CO2e for upstream transportation and distribution (a component of Scope 3). For the preceding year, 2023, total emissions were approximately 169.9 million kg CO2e, with Scope 1 emissions at about 130.9 million kg CO2e and Scope 2 emissions at around 39.1 million kg CO2e. Upstream transportation and distribution for 2023 was approximately 13.9 million kg CO2e. In 2022, Fastenal's Scope 1 and 2 emissions (market-based) totalled approximately 173.0 million kg CO2e. Scope 1 emissions were about 132.9 million kg CO2e, and Scope 2 emissions (market-based) were around 40.1 million kg CO2e. Scope 2 emissions on a location-based accounting were approximately 38.8 million kg CO2e. For 2021, Scope 1 emissions were approximately 132.0 million kg CO2e and Scope 2 (location-based) emissions were about 51.1 million kg CO2e. In 2020, Scope 1 emissions were approximately 134.4 million kg CO2e and Scope 2 (location-based) emissions were around 63.1 million kg CO2e. In 2019, Scope 1 emissions were about 110.8 million kg CO2e, and Scope 2 (location-based) emissions were approximately 72.7 million kg CO2e. Fastenal's emissions data is not cascaded from a parent organisation.
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Fastenal’s Climate Goals (2030 & 2050)
3 goals2050
We are exploring the development of our transition plan to b…
We are exploring the development of our transition plan to become net zero by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Fastenal
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