TPI Composites, Inc., a leading player in the machinery and equipment sector, is headquartered in the United States and operates extensively across North America and internationally. Founded in 1968, the company has established itself as a pioneer in the design and manufacture of composite wind blades, catering primarily to the renewable energy market.
TPI Composites is renowned for its innovative approach to composite manufacturing, offering lightweight, durable products that enhance the efficiency of wind energy systems. With a commitment to sustainability and advanced engineering, the company has achieved significant milestones, including partnerships with major wind turbine manufacturers. TPI Composites continues to solidify its market position through its focus on quality and cutting-edge technology, making it a key contributor to the global transition towards renewable energy solutions.
+10 vs industry average
TPI Composites, Inc.’s score of 35 is higher than 55% 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 37% since 2018
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 and operating within the machinery and equipment sector, has reported significant carbon emissions and outlined ambitious climate commitments.
For the reporting year 2024, the company's total emissions were approximately 1.08 billion kg CO2e. This figure comprises Scope 1 emissions of about 9.48 million kg CO2e, Scope 2 emissions (market-based) of approximately 51.96 million kg CO2e, and substantial Scope 3 emissions totalling around 1.02 billion kg CO2e.
In 2023, TPI Composites reported total emissions of approximately 1.29 billion kg CO2e. This included Scope 1 emissions of about 9.61 million kg CO2e, Scope 2 emissions (market-based) of roughly 64.24 million kg CO2e, and Scope 3 emissions amounting to approximately 1.22 billion kg CO2e.
Looking back, in 2022, the company's total emissions were approximately 1.58 billion kg CO2e, with Scope 1 emissions around 11.16 million kg CO2e, Scope 2 (market-based) at about 78.38 million kg CO2e, and Scope 3 at approximately 1.50 billion kg CO2e.
TPI Composites is actively pursuing carbon neutrality. The company has set a near-term goal to achieve carbon neutrality for its Scope 1 and Scope 2 emissions by the end of 2030. A key component of this commitment is the aim for 100% of its energy consumption to come from renewable sources by the same year.
While Scope 3 emissions represent the largest portion of TPI Composites' carbon footprint, data on specific upstream categories like purchased goods and services were noted as missing for several reporting years. The company's sustainability efforts are detailed in their annual sustainability reports, with documents available for review.
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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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