Gates Sustainability Profile
Gates Corporation, commonly referred to as Gates, is a leading global manufacturer headquartered in the United States, with significant operations across North America, Europe, and Asia. Founded in 1911, Gates has established itself in the automotive and industrial sectors, specialising in power transmission and fluid power solutions. The company is renowned for its innovative products, including belts, hoses, and hydraulic systems, which are designed to enhance performance and durability. Gates' commitment to quality and engineering excellence has positioned it as a trusted partner for various industries, from automotive to manufacturing. With a rich history of milestones, including advancements in technology and sustainability, Gates continues to be a market leader, recognised for its contributions to improving efficiency and reliability in mechanical systems worldwide.
DitchCarbon Score
How does Gates'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 Electricity Transmission 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
Gates's score of 33 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gates's reported carbon emissions
In 2024, Gates Industrial Corporation reported total carbon emissions of approximately 248,700,000,000 kg CO2e, encompassing both Scope 1 and Scope 2 emissions. This figure reflects the company's ongoing commitment to sustainability, although specific reduction targets or initiatives have not been disclosed. In 2023, Gates's emissions were recorded at about 277,800,000 kg CO2e, with Scope 1 emissions at approximately 127,300,000 kg CO2e and Scope 2 emissions at around 150,600,000 kg CO2e. This represents a slight decrease from 2022, where total emissions were approximately 291,900,000 kg CO2e, with Scope 1 at about 128,900,000 kg CO2e and Scope 2 at approximately 163,000,000 kg CO2e. The company has not set specific Science-Based Targets Initiative (SBTi) reduction targets, nor have they reported any significant climate pledges. Their emissions data is not cascaded from a parent company, indicating that the figures are independently reported by Gates Industrial Corporation plc. Overall, while Gates has made strides in tracking and reporting emissions, further commitments and reduction strategies would enhance their climate action profile.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 109,600,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 2 | 218,340,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 3 | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Gates's Industry?
How Carbon Intensive is Gates's Location?
Gates'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.
Gates has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
