Public Profile

Formel Industries

Formel Industries, also known as Formel Inc., is a leading player in the manufacturing sector, headquartered in the United States. Established in 1995, the company has made significant strides in the industry, particularly in the fields of precision engineering and custom fabrication. With operational hubs across North America, Formel Industries has built a reputation for delivering high-quality products tailored to meet diverse client needs. The company’s core offerings include advanced machining services, metal fabrication, and assembly solutions, distinguished by their commitment to innovation and quality. Formel Industries has achieved notable milestones, including ISO certification and partnerships with major industry players, solidifying its market position. With a focus on sustainability and cutting-edge technology, Formel Industries continues to set benchmarks in the manufacturing landscape.

DitchCarbon Score

How does Formel Industries'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.

3

Industry Average

Mean score of companies in the Maritime Transport 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.

5

Industry Benchmark

Formel Industries's score of 3 is lower than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.

25%

Formel Industries's reported carbon emissions

Formel Industries, headquartered in the US, currently does not have publicly available carbon emissions data for the most recent year. As a result, specific figures regarding their Scope 1, 2, or 3 emissions are not provided. Additionally, there are no documented reduction targets or climate pledges outlined in their initiatives. In the absence of concrete emissions data, it is essential to note that many companies in the industry are increasingly committing to sustainability and carbon reduction strategies. Formel Industries may be engaging in similar efforts, although specific details are not available at this time. The company’s approach to climate commitments and emissions reduction will be crucial in aligning with global climate goals and industry standards.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Formel Industries's primary industry is Sea and coastal water transportation services, which is high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Formel Industries is headquartered in US, which has a rank of low, indicating low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Formel Industries is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers