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 1,153,575,000 kg CO2e, with emissions distributed across all three scopes: 81,320,000 kg CO2e for Scope 1, 81,782,000 kg CO2e for Scope 2, and 1,153,575,000 kg CO2e for Scope 3. This represents a slight decrease from 2022, where total emissions were about 1,300,682,000 kg CO2e, with Scope 1 and Scope 2 emissions at 86,769,000 kg CO2e and 92,320,000 kg CO2e, respectively. Essex Furukawa has set ambitious climate commitments, aiming to reduce Scope 1 and Scope 2 emissions by 20% by 2030, starting from a baseline year of 2021. Additionally, the company aspires for all new products and production methods developed at its Global R&D Innovation Centre to achieve carbon neutrality by 2050. The emissions data is cascaded from Essex Furukawa Magnet Wire LLC, reflecting the company's commitment to transparency and accountability in its climate initiatives. The organisation is actively working towards its reduction targets while navigating the complexities of its emissions profile across various scopes.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 94,965,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 136,742,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,874,458,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Essex Furukawa's Industry?
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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.
