Foster Electric Sustainability Profile
Foster Electric, a leading name in the electrical equipment industry, is headquartered in JP and has established a strong presence across various operational regions. Founded in 1948, the company has consistently innovated in the design and manufacturing of high-quality electrical components, including transformers, switchgear, and control systems. Foster Electric is renowned for its commitment to precision engineering and reliability, setting it apart from competitors. With a focus on sustainability and energy efficiency, the company has achieved significant milestones, including numerous industry awards for excellence in product development. As a trusted partner in the electrical sector, Foster Electric continues to enhance its market position through cutting-edge technology and exceptional customer service, making it a preferred choice for businesses seeking dependable electrical solutions.
DitchCarbon Score
How does Foster Electric'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 Furniture Manufacturing 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
Foster Electric's score of 43 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Foster Electric's reported carbon emissions
In 2023, Foster Electric reported total carbon emissions of approximately 47,408,000 kg CO2e from Scope 1 and Scope 2 sources combined. Specifically, Scope 1 emissions accounted for about 1,147,000 kg CO2e, while Scope 2 emissions were significantly higher at approximately 46,261,000 kg CO2e. The company also disclosed Scope 3 emissions, which totalled approximately 129,611,000 kg CO2e from the use of sold products, alongside other categories such as purchased goods and services (about 126,523,000 kg CO2e) and upstream transportation and distribution (approximately 10,740,000 kg CO2e). Foster Electric has set ambitious climate commitments, aiming for carbon neutrality by 2050. The company plans to reduce its absolute CO2 emissions by 50% by 2030 from a 2018 baseline for both Scope 1 and Scope 2 emissions. Additionally, it targets a 70% reduction in GHG emissions from its business activities (Scope 1 and 2) by 2030, with an interim goal of a 55% reduction by 2025. These commitments reflect Foster Electric's proactive approach to addressing climate change and align with industry standards for sustainability. The emissions data and reduction targets are sourced directly from Foster Electric Company, Limited, with no data cascading from a parent or related organization.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,198,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 87,232,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Foster Electric's Industry?
How Carbon Intensive is Foster Electric's Location?
Foster Electric's Scope 3 Categories Breakdown
Foster Electric's Scope 3 emissions, which increased by 10% last year and decreased by approximately 10% since 2018, 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 "Use of Sold Products" being the largest emissions source at 45% of Scope 3 emissions.
Top Scope 3 Categories
Foster Electric'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.
Foster Electric 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.
