Magma Global Ltd. Sustainability Profile
Magma Global Ltd., headquartered in Great Britain, is a pioneering company in the advanced materials sector, specialising in the development of innovative thermoplastic composite pipes. Founded in 2007, Magma has established itself as a leader in the oil and gas industry, particularly in subsea applications, with a focus on enhancing performance and reducing costs. The company’s flagship product, the Magma Pipe, is renowned for its lightweight, corrosion-resistant properties, making it a game-changer for deepwater projects. With a commitment to sustainability and efficiency, Magma Global has achieved significant milestones, including successful deployments in challenging environments. As a key player in the global market, Magma continues to push the boundaries of technology, solidifying its reputation for excellence and innovation in composite solutions.
DitchCarbon Score
How does Magma Global Ltd.'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 Construction Work 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
Magma Global Ltd.'s score of 29 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magma Global Ltd., headquartered in Great Britain, currently does not have specific carbon emissions data available for recent years, as indicated by the absence of reported figures. The company is a current subsidiary of TechnipFMC plc, which may influence its climate commitments and emissions reporting. As of now, there are no documented reduction targets or climate pledges from Magma Global Ltd. This lack of specific data suggests that the company may still be in the process of establishing its own emissions reduction strategies or aligning with broader corporate sustainability initiatives set by its parent organization. Given the context of the industry, it is essential for companies like Magma Global Ltd. to develop robust climate commitments and transparent emissions reporting to meet increasing regulatory and stakeholder expectations regarding sustainability and carbon neutrality.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
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Magma Global Ltd.'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.
Magma Global Ltd. 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.
