TPI Composites, Inc., a leading name in the composite manufacturing industry, is headquartered in the United States, with significant operations across North America and Asia. Founded in 1968, TPI has established itself as a pioneer in the production of advanced composite materials, primarily serving the wind energy and transportation sectors.
The company is renowned for its innovative wind turbine blades, which are designed to enhance efficiency and performance in renewable energy generation. TPI's commitment to sustainability and cutting-edge technology has positioned it as a key player in the global market, contributing to the growth of clean energy solutions. With numerous accolades for its engineering excellence, TPI Composites continues to drive advancements in composite manufacturing, solidifying its reputation as an industry leader.
+7 vs industry average
TPI Composites, Inc.’s score of 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Machinery and Equipment has above-average carbon intensity
Industry performance
The Machinery and Equipment industry has reduced its overall emissions by 12% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
TPI Composites, Inc.'s reported carbon emissions
TPI Composites, Inc., headquartered in the US, has reported significant carbon emissions across Scopes 1, 2, and 3. For the year 2024, the company's total greenhouse gas emissions amounted to approximately 1.08 billion kg CO2e. This breaks down into approximately 9.48 million kg CO2e for Scope 1, approximately 51.96 million kg CO2e for Scope 2 (market-based), and approximately 1.02 billion kg CO2e for Scope 3. In 2023, TPI Composites reported total emissions of approximately 1.29 billion kg CO2e, comprising approximately 9.61 million kg CO2e (Scope 1), approximately 64.24 million kg CO2e (Scope 2, market-based), and approximately 1.22 billion kg CO2e (Scope 3). The company is committed to achieving carbon neutrality for its Scope 1 and 2 emissions by the end of 2030, with a goal of sourcing 100% of its energy from renewable sources. This target covers the period from 2023 to 2030. Historical data shows a trend of declining emissions in recent years. In 2022, total emissions were approximately 1.59 billion kg CO2e, with Scope 1 at approximately 11.16 million kg CO2e, Scope 2 (market-based) at approximately 78.38 million kg CO2e, and Scope 3 at approximately 1.50 billion kg CO2e. For 2021, total emissions were approximately 1.77 billion kg CO2e, with Scope 1 at approximately 18.39 million kg CO2e, Scope 2 (market-based) at approximately 92.67 million kg CO2e, and Scope 3 at approximately 1.66 billion kg CO2e. In 2020, total emissions were approximately 1.23 billion kg CO2e, with Scope 1 at approximately 25.14 million kg CO2e and Scope 2 (market-based) at approximately 98.04 million kg CO2e; Scope 3 data was not disclosed for this year. Emissions in 2019 were approximately 91.26 million kg CO2e for Scope 1 and 2 combined, with Scope 1 at approximately 16.00 million kg CO2e. Scope 3 data was not disclosed for 2019. It is important to note that Scope 3 data for purchased goods and services was reported as missing for several years. The company's emissions data is not cascaded from a parent organisation.
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TPI Composites, Inc.’s Climate Goals (2030 & 2050)
2 goals2030
It is our goal to become carbon neutral by the end of 2030 f…
It is our goal to become carbon neutral by the end of 2030 for scope 1 and 2 emissions, with 100% of our energy coming from renewable source…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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TPI Composites, Inc.
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