Renold
Renold, officially known as Renold plc, is a leading manufacturer in the power transmission and chain industry, headquartered in Great Britain. Established in 1880, the company has built a strong reputation for its innovative solutions in the design and production of high-quality chains, gears, and couplings, serving diverse sectors such as manufacturing, mining, and transportation. With operational facilities across Europe, North America, and Asia, Renold has achieved significant milestones, including advancements in chain technology and a commitment to sustainability. Their core products, including precision-engineered roller chains and bespoke drive solutions, are distinguished by their durability and performance, making them a preferred choice for industries requiring reliable power transmission. Renold's market position is bolstered by its dedication to quality and customer service, earning accolades for excellence in engineering and manufacturing. As a trusted name in the industry, Renold continues to set benchmarks for innovation and reliability in power transmission solutions.
DitchCarbon Score
How does Renold'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 Machinery and Equipment 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
Renold's score of 27 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Renold's reported carbon emissions
In 2023, Renold, headquartered in Great Britain, reported total carbon emissions of approximately 1,135,000 kg CO2e. This figure includes 607,000 kg CO2e from Scope 1 emissions, 526,000 kg CO2e from Scope 2 emissions, and 7,000 kg CO2e from Scope 3 emissions. The company has demonstrated a commitment to transparency by disclosing emissions across all relevant scopes. In 2022, Renold's emissions were about 1,336,000 kg CO2e, indicating a slight reduction in total emissions year-on-year. The breakdown for 2022 shows 715,000 kg CO2e from Scope 1, 614,000 kg CO2e from Scope 2, and 3,000 kg CO2e from Scope 3. Despite these disclosures, Renold has not set specific reduction targets or initiatives as part of their climate commitments, nor have they engaged with the Science Based Targets initiative (SBTi). This lack of formal reduction targets suggests that while the company is monitoring its emissions, it may need to enhance its climate strategy to align with industry standards and expectations for sustainability. Overall, Renold's emissions data reflects a proactive approach to reporting, but further commitments to reduction targets could strengthen their climate action efforts.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,097,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 18,012,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
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.
Renold is not participating in any of the initiatives that 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.
