Wireco WorldGroup (Cayman) Inc. Sustainability Profile
Wireco WorldGroup (Cayman) Inc., a leading player in the wire rope and related products industry, is headquartered in the United States. Founded in 1970, the company has established a strong presence in key operational regions, including North America, Europe, and Asia. Specialising in high-quality wire ropes, synthetic ropes, and related accessories, Wireco is renowned for its innovative solutions that cater to various sectors such as construction, mining, and marine applications. The company’s commitment to quality and safety has positioned it as a trusted partner in the industry. With a focus on advanced manufacturing techniques and rigorous testing standards, Wireco WorldGroup has achieved significant milestones, including numerous industry certifications. Its reputation for reliability and performance has solidified its market position, making it a preferred choice for customers worldwide.
DitchCarbon Score
How does Wireco WorldGroup (Cayman) Inc.'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 Iron and Steel Production 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
Wireco WorldGroup (Cayman) Inc.'s score of 10 is lower than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wireco WorldGroup (Cayman) Inc.'s reported carbon emissions
In 2022, Wireco WorldGroup (Cayman) Inc. reported total carbon emissions of approximately 686,600 kg CO2e, comprising 404,000 kg CO2e from Scope 1 emissions and 282,600 kg CO2e from Scope 2 emissions. This data reflects the company's commitment to transparency in its environmental impact, although no Scope 3 emissions data has been disclosed. Comparatively, in 2021, the company reported significantly higher Scope 1 emissions of about 533,000,000 kg CO2e, indicating a substantial reduction in emissions in the following year. However, there are currently no specific reduction targets or climate pledges outlined by Wireco WorldGroup, nor are there any initiatives linked to the Science Based Targets initiative (SBTi). The emissions data is not cascaded from any parent company, indicating that Wireco WorldGroup (Cayman) Inc. is independently reporting its emissions. The company continues to focus on sustainable practices, although further details on specific climate commitments or future reduction targets are not available at this time.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 533,000,000 | 000,000 |
| Scope 2 | - | 000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Wireco WorldGroup (Cayman) Inc.'s Industry?
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Wireco WorldGroup (Cayman) Inc.'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.
Wireco WorldGroup (Cayman) Inc. 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.
