Kennametal
Kennametal Inc., a leading global provider of tooling and industrial materials, is headquartered in the United States. Founded in 1938, the company has established a strong presence in key operational regions, including North America, Europe, and Asia. Specialising in metalworking solutions, Kennametal offers a diverse range of products and services, including cutting tools, tooling systems, and wear-resistant materials, all designed to enhance productivity and efficiency in manufacturing processes. With a commitment to innovation, Kennametal has achieved significant milestones, such as pioneering advanced materials and coatings that extend tool life and performance. The company is recognised for its market leadership, consistently delivering high-quality solutions that meet the evolving needs of industries such as aerospace, automotive, and energy. Through its dedication to excellence, Kennametal continues to set benchmarks in the tooling industry.
DitchCarbon Score
How does Kennametal'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 Motor Vehicle 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
Kennametal's score of 39 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Kennametal's reported carbon emissions
In 2023, Kennametal reported total carbon emissions of approximately 3,530,100 kg CO2e, comprising 130,200 kg CO2e from Scope 1, 3,527,900 kg CO2e from Scope 2, and a significant 626,000,000 kg CO2e from Scope 3 emissions. This marked a notable shift in their emissions profile, particularly with the substantial contribution from Scope 3, which often represents the majority of emissions for many companies. Over the years, Kennametal has demonstrated a commitment to reducing its carbon footprint. In 2022, the company reported total emissions of about 3,400,000 kg CO2e, with 30,000,000 kg CO2e from Scope 1 and 134,000,000 kg CO2e from Scope 2. This indicates a trend towards lower emissions in these scopes compared to previous years, where emissions were higher, such as in 2019 with 31,000,000 kg CO2e from Scope 1 and 179,000,000 kg CO2e from Scope 2. Despite these reductions, Kennametal has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that while the company is actively managing its emissions, it may not yet have formalised its long-term climate commitments. Overall, Kennametal's emissions data reflects a complex landscape of carbon management, with a clear need for ongoing efforts to address Scope 3 emissions, which are critical for achieving comprehensive climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 27,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 |
| Scope 2 | 185,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kennametal is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
