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 carbon emissions of approximately 97,390,000 kg CO2e for Scope 1 and 74,479,000 kg CO2e for Scope 2. This reflects a slight increase in Scope 1 emissions from 9,353,000 kg CO2e in 2022 and a marginal rise in Scope 2 emissions from 74,046,000 kg CO2e in the same year. The company has not disclosed any Scope 3 emissions data. Despite the lack of specific reduction targets or initiatives, Woodward, Inc. is committed to improving its sustainability practices. The company has not inherited any emissions data from a parent organisation, indicating that its reported figures are solely its own. Woodward's emissions intensity metrics show that in 2023, the Scope 2 emissions per $1,000 of sales were about 0.000026 kg CO2e, while Scope 1 emissions were approximately 0.0000033 kg CO2e. These figures suggest a focus on reducing emissions relative to revenue, although no formal reduction targets have been established. Overall, while Woodward, Inc. has made strides in tracking its emissions, further commitments and specific reduction strategies would enhance its climate action profile.
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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.
