Essex Furukawa Sustainability Profile
Essex Furukawa, a prominent player in the wire and cable industry, is headquartered in the United States and operates extensively across North America and beyond. Founded in 2018 through the merger of Essex Wire and Furukawa Electric's North American operations, the company has quickly established itself as a leader in the production of high-quality automotive and industrial cables. Specialising in advanced wire and cable solutions, Essex Furukawa offers a diverse range of products, including copper and aluminium wire, as well as innovative connectivity solutions. Their commitment to quality and sustainability sets them apart in a competitive market. With a strong focus on research and development, Essex Furukawa continues to achieve significant milestones, reinforcing its position as a trusted partner for customers in various sectors, including automotive, telecommunications, and renewable energy.
DitchCarbon Score
How does Essex Furukawa'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 Electricity from Other Sources 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
Essex Furukawa's score of 37 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Essex Furukawa's reported carbon emissions
In 2023, Essex Furukawa reported total carbon emissions of approximately 4,693,000 kg CO2e. This figure includes Scope 1 emissions of about 147,000 kg CO2e, Scope 2 emissions of around 346,000 kg CO2e, and significant Scope 3 emissions totalling approximately 4,200,000 kg CO2e. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (about 1,820,000 kg CO2e) and upstream transportation and distribution (approximately 211,000 kg CO2e). Comparatively, in 2022, the total emissions were about 5,029,000 kg CO2e, indicating a reduction of approximately 336,000 kg CO2e year-on-year. The company aims to achieve a 20% reduction in Scope 1 and Scope 2 emissions by 2030, starting from a baseline established in 2021. Additionally, Essex Furukawa has committed to ensuring that all new products and production methods developed at their global R&D innovation centre will be carbon neutral by 2050. Essex Furukawa's emissions data is cascaded from its parent company, Essex Furukawa Magnet Wire LLC, reflecting a corporate family relationship. The company is actively working towards its climate commitments while addressing its carbon footprint across all scopes of emissions.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 94,965,000 | 000,000 | 000,000 |
| Scope 2 | 136,742,000 | 000,000 | 000,000 |
| Scope 3 | 3,874,458,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Essex Furukawa's Industry?
How Carbon Intensive is Essex Furukawa's Location?
Essex Furukawa's Scope 3 Categories Breakdown
Essex Furukawa's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 100% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 43% of Scope 3 emissions.
Top Scope 3 Categories
Essex Furukawa'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.
Essex Furukawa 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.
