Hyster-Yale Materials Handling, Inc. Sustainability Profile
Hyster-Yale Materials Handling, Inc., a prominent player in the materials handling industry, is headquartered in the United States. Founded in 1989, the company has established itself as a leader in the design and manufacture of forklifts and other material handling equipment, serving major operational regions across North America, Europe, and Asia. Hyster-Yale is renowned for its innovative products, including electric and internal combustion forklifts, pallet jacks, and warehouse solutions, which are distinguished by their reliability and advanced technology. The company has achieved significant milestones, including the introduction of eco-friendly models that enhance operational efficiency while reducing environmental impact. With a strong market position, Hyster-Yale continues to be recognised for its commitment to quality and customer satisfaction, making it a trusted choice for businesses seeking effective material handling solutions.
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 Transport Equipment 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
Hyster-Yale Materials Handling, Inc.'s score of 27 is higher than 54% 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 2022, Hyster-Yale Materials Handling, Inc. reported total carbon emissions of approximately 495.1 million kg CO2e. This figure includes Scope 1 emissions of about 17.6 million kg CO2e, Scope 2 emissions of approximately 30.5 million kg CO2e, and significant Scope 3 emissions, particularly from waste generated in operations, amounting to about 447 million kg CO2e. The company has set ambitious reduction targets as part of its 2026 Aspirations Program, aiming for a 30% reduction in global carbon emissions across all scopes from a 2015 baseline. This commitment includes specific targets for Scope 1, Scope 2, and Scope 3 emissions, demonstrating a comprehensive approach to climate action. Hyster-Yale's emissions data is cascaded from its corporate family, with the organization being a current subsidiary of Hyster-Yale Materials Handling, Inc. This relationship underscores the importance of collective efforts in addressing climate change within the industry.
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| 2022 | |
|---|---|
| Scope 1 | 17,558,000 |
| Scope 2 | 30,516,000 |
| Scope 3 | 447,000,000 |
How Carbon Intensive is Hyster-Yale Materials Handling, Inc.'s Industry?
How Carbon Intensive is Hyster-Yale Materials Handling, Inc.'s Location?
Hyster-Yale Materials Handling, Inc.'s Scope 3 Categories Breakdown
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 "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
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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.
