Regal Rexnord

Regal Rexnord, a US-headquartered company in the Electrical machinery and apparatus n.e.c. industry, reported its most recent emissions for 2024. The company's market-based Scope 1 and 2 emissions totalled approximately 201.59 million kg CO2e, comprising about 61.15 million kg CO2e from Scope 1 and approximately 140.44 million kg CO2e from market-based Scope 2. For 2023, Regal Rexnord's market-based Scope 1 and 2 emissions were around 231.64 million kg CO2e, with Scope 1 at approximately 67.75 million kg CO2e and market-based Scope 2 at about 163.89 million kg CO2e. In 2022, the company's market-based Scope 1 and 2 emissions were approximately 272.73 million kg CO2e, including roughly 82.46 million kg CO2e from Scope 1 and about 190.27 million kg CO2e from market-based Scope 2.

Regal Rexnord has made several climate commitments. The company aims to achieve Scope 1 and Scope 2 carbon neutrality by 2032. Furthermore, Regal Rexnord has a near-term target to achieve a 10% absolute reduction in Scope 1 and 2 GHG emissions between 2022 and 2023. They have also committed to net-zero emissions by 2050, and their net-zero commitment has been validated by the Science Based Targets initiative (SBTi) with a 1.5°C ambition. The company has already achieved a 13% year-over-year reduction in absolute Scope 1 and 2 GHG emissions in 2024. Since their 2022 baseline, absolute Scope 1 and 2 emissions have been lowered by a total of 26.1%.