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 56 is higher than 74% 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 2024, Foster Electric reported total carbon emissions of approximately 45398000 kg CO2e for Scope 1, 1387000 kg CO2e for Scope 2, and 289212000 kg CO2e for Scope 3, resulting in a combined total of about 334110000 kg CO2e. This marks a slight decrease in Scope 1 emissions from 2023, where they were approximately 47408000 kg CO2e, while Scope 2 emissions also saw a minor reduction from 1147000 kg CO2e. However, Scope 3 emissions remained relatively stable, decreasing slightly from 290646000 kg CO2e in 2023. Foster Electric has set ambitious climate commitments, aiming for carbon neutrality by 2050. The company plans to reduce absolute CO2 emissions by 50% by 2030 from a 2018 baseline for both Scope 1 and Scope 2 emissions. Additionally, they target a 50% reduction in total greenhouse gas emissions across the entire supply chain (Scope 1, 2, and 3) by 2030. For Scope 1 emissions specifically, they aim for a 70% reduction by 2030. These commitments reflect Foster Electric's proactive approach to addressing climate change and align with industry standards for sustainability and emissions reduction. The data presented is not cascaded from any parent organization, indicating that Foster Electric is independently reporting its emissions and climate initiatives.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 00,000,000 | 00,000,000 |
| 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 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | 000,000,000 | 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?
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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.
