Hyster-Yale Materials Handling, Inc Sustainability Profile
Hyster-Yale Materials Handling, Inc., a leading player in the materials handling industry, is headquartered in Great Britain. Founded in 1989, the company has established a strong presence in key operational regions, including North America, Europe, and Asia. Specialising in the design and manufacture of forklifts and other material handling equipment, Hyster-Yale is renowned for its innovative solutions that enhance productivity and safety in various sectors. The company’s core product offerings include a diverse range of lift trucks, warehouse equipment, and automated solutions, distinguished by their durability and advanced technology. Hyster-Yale has achieved significant milestones, including the introduction of electric and hybrid models that cater to evolving market demands. With a commitment to quality and sustainability, Hyster-Yale Materials Handling continues to solidify its position as a trusted name in the industry, recognised for its exceptional service and customer-centric approach.
DitchCarbon Score
How does Hyster-Yale Materials Handling, Inc'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 Other Services 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
Hyster-Yale Materials Handling, Inc's score of 34 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hyster-Yale Materials Handling, Inc's reported carbon emissions
In 2023, Hyster-Yale Materials Handling, Inc. reported total carbon emissions of approximately 51,558,950 kg CO2e, comprising 17,975,570 kg CO2e from Scope 1 and 33,583,370 kg CO2e from Scope 2 emissions. This reflects a slight increase from 2022, when total emissions were about 48,074,000 kg CO2e, with Scope 1 emissions at 17,558,000 kg CO2e and Scope 2 emissions at 30,516,000 kg CO2e. Hyster-Yale has set ambitious near-term reduction targets, aiming to decrease carbon emissions by 30% for both Scope 1 and Scope 2 by 2026, starting from 2023 levels. These commitments are part of their broader climate strategy to achieve net-zero emissions. The company does not currently report Scope 3 emissions, indicating a focus on direct and indirect emissions from their operations and energy use. Hyster-Yale's emissions data is sourced directly from Hyster-Yale, Inc., with no cascading from a parent organization. Overall, Hyster-Yale is actively working towards significant emissions reductions while maintaining transparency in their reporting practices.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 17,558,000 | 00,000,000 |
| Scope 2 | 30,516,000 | 00,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Hyster-Yale Materials Handling, Inc's Industry?
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Hyster-Yale Materials Handling, Inc'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.
Hyster-Yale Materials Handling, Inc 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.
