Magnequench, Inc. Sustainability Profile
Magnequench, Inc., a leading innovator in the rare earth magnet industry, is headquartered in the United States, with significant operations across North America and Asia. Founded in 1986, the company has established itself as a key player in the development and manufacturing of high-performance magnetic materials, particularly in the fields of electronics, automotive, and renewable energy. Magnequench is renowned for its advanced sintered neodymium-iron-boron (NdFeB) magnets, which are distinguished by their exceptional strength and reliability. The company’s commitment to research and development has led to numerous technological advancements, solidifying its market position as a trusted supplier for various industries. With a focus on sustainability and innovation, Magnequench continues to drive progress in the magnet sector, contributing to the evolution of modern technology.
DitchCarbon Score
How does Magnequench, 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 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
Magnequench, Inc.'s score of 3 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magnequench, Inc.'s reported carbon emissions
Magnequench, Inc., headquartered in the US, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. Furthermore, there are no documented reduction targets or climate pledges associated with the company. As a current subsidiary, Magnequench, Inc. may inherit climate commitments and emissions data from its parent organisation; however, no specific details or figures have been provided regarding these cascaded data sources. The lack of reported emissions and reduction initiatives suggests that the company may still be in the early stages of developing its climate strategy or may rely on broader corporate family commitments for guidance. In the context of industry standards, it is essential for companies like Magnequench, Inc. to establish clear climate commitments and reduction targets to align with global sustainability goals.
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Magnequench, 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.
Magnequench, 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.
