Renold Sustainability Profile
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 43 is higher than 65% 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 2024, Renold's total carbon emissions amounted to approximately 18,270,000 kg CO2e, comprising 6,036,000 kg CO2e from Scope 1 and 12,235,000 kg CO2e from Scope 2 emissions. This reflects a decrease from 2023, where total emissions were about 19,998,000 kg CO2e, with Scope 1 emissions at 7,091,000 kg CO2e and Scope 2 at 12,907,000 kg CO2e. For the UK operations in 2023, Renold reported total emissions of approximately 1,135,000 kg CO2e, which included 607,000 kg CO2e from Scope 1, 526,000 kg CO2e from Scope 2, and 7,000 kg CO2e from Scope 3 emissions. In 2022, UK emissions were about 1,336,000 kg CO2e, with Scope 1 at 715,000 kg CO2e, Scope 2 at 614,000 kg CO2e, and Scope 3 at 3,000 kg CO2e. Renold has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions data is not cascaded from any parent organization, indicating that all reported figures are directly from Renold plc. Overall, Renold is actively monitoring its carbon footprint and has shown a commitment to reducing emissions, although specific reduction strategies or targets have not been disclosed.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 9,750,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 20,503,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - |
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Renold'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.
Renold 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.
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