Woodward, Inc. Sustainability Profile
Woodward, Inc., a leading player in the aerospace and industrial sectors, is headquartered in the United States. Founded in 1870, the company has established a strong presence in key operational regions, including North America, Europe, and Asia. Woodward is renowned for its innovative control systems and components, which enhance the performance and efficiency of engines and turbines. With a focus on advanced technologies, Woodward offers a diverse range of products, including fuel control systems, electronic controls, and energy management solutions. These offerings are distinguished by their reliability and precision, making them essential for various applications in aviation, power generation, and industrial processes. As a market leader, Woodward has achieved significant milestones, including strategic acquisitions and a commitment to sustainability, solidifying its position as a trusted partner in the global energy and aerospace markets.
DitchCarbon Score
How does Woodward, 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 Transport Equipment Manufacturing 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
Woodward, Inc.'s score of 27 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Woodward, Inc.'s reported carbon emissions
In 2023, Woodward, Inc. reported total emissions of approximately 84,200,000 kg CO2e, comprising 9,739,000 kg CO2e from Scope 1 and 74,479,000 kg CO2e from Scope 2 emissions. This data reflects a slight increase in emissions compared to 2022, where total emissions were approximately 83,800,000 kg CO2e, with Scope 1 at 9,353,000 kg CO2e and Scope 2 at 74,046,000 kg CO2e. In 2021, the company recorded total emissions of approximately 64,300,000 kg CO2e, with Scope 1 at 9,686,000 kg CO2e and Scope 2 at 53,442,000 kg CO2e. Woodward has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. The company has not set specific reduction targets or initiatives as part of its climate commitments, which may limit its ability to demonstrate progress in emissions reduction. Overall, Woodward, Inc. is positioned within the context of increasing scrutiny on corporate climate commitments, and the absence of defined reduction targets may impact its sustainability profile in the industry.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 9,686,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 53,442,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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Woodward, 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.
Woodward, 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.
