Loop Industries, Inc. Sustainability Profile
Loop Industries, Inc., a pioneering leader in sustainable plastic solutions, is headquartered in California. Founded in 2014, the company has rapidly established itself within the recycling industry, focusing on innovative technologies that transform waste PET plastic into high-quality, virgin-like materials. With operations extending across North America and Europe, Loop Industries is committed to addressing the global plastic crisis through its proprietary depolymerisation process. This unique method not only recycles plastics but also significantly reduces carbon emissions compared to traditional recycling methods. Recognised for its commitment to sustainability, Loop Industries has achieved notable milestones, including partnerships with major brands to promote circular economy initiatives. As a frontrunner in the green technology sector, Loop Industries continues to redefine the future of plastic recycling, making significant strides towards a more sustainable planet.
DitchCarbon Score
How does Loop Industries, 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 Plastic production 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
Loop Industries, Inc.'s score of 3 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Loop Industries, Inc.'s reported carbon emissions
Loop Industries, Inc., headquartered in California, currently does not report any specific carbon emissions data, as there are no available figures for emissions in kg CO2e. Additionally, the company has not outlined any formal reduction targets or climate pledges. As a result, there is no information on their Scope 1, 2, or 3 emissions, nor any initiatives related to the Science Based Targets initiative (SBTi) or other climate commitments. Without specific data or commitments, it is challenging to assess Loop Industries' impact on climate change or their strategies for reducing carbon emissions. In the absence of reported emissions or reduction initiatives, it is essential for Loop Industries to establish clear climate commitments and targets to align with industry standards and contribute positively to global climate goals.
How Carbon Intensive is Loop Industries, Inc.'s Industry?
How Carbon Intensive is Loop Industries, Inc.'s Location?
Loop Industries, 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.
Loop Industries, 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.
