Foster Electric Sustainability Profile
Foster Electric, a leading name in the electrical equipment industry, is headquartered in JP and has established a strong presence across various operational regions. Founded in 1948, the company has consistently innovated in the design and manufacturing of high-quality electrical components, including transformers, switchgear, and control systems. Foster Electric is renowned for its commitment to precision engineering and reliability, setting it apart from competitors. With a focus on sustainability and energy efficiency, the company has achieved significant milestones, including numerous industry awards for excellence in product development. As a trusted partner in the electrical sector, Foster Electric continues to enhance its market position through cutting-edge technology and exceptional customer service, making it a preferred choice for businesses seeking dependable electrical solutions.
DitchCarbon Score
How does Foster Electric'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 Furniture 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
Foster Electric's score of 56 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Foster Electric's reported carbon emissions
In 2024, Foster Electric reported total carbon emissions of approximately 336 million kg CO2e, comprising 45,398,000 kg CO2e from Scope 1, 1,387,000 kg CO2e from Scope 2, and 289,212,000 kg CO2e from Scope 3. This represents a slight decrease from 2023, where total emissions were approximately 339 million kg CO2e, with Scope 1 emissions at 47,408,000 kg CO2e, Scope 2 at 1,147,000 kg CO2e, and Scope 3 at 290,646,000 kg CO2e. Foster Electric has set ambitious climate commitments, aiming for carbon neutrality by 2050. The company plans to reduce absolute CO2 emissions from Scope 1 and 2 by 50% by 2030, using 2018 as the base year. Additionally, they target a 70% reduction in GHG emissions from their business activities (Scope 1 and 2) by 2030, with an interim goal of a 55% reduction by 2025. These commitments reflect Foster Electric's proactive approach to addressing climate change and reducing its carbon footprint across its operations and supply chain.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,198,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 87,232,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Foster Electric's Industry?
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Foster Electric'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.
Foster Electric 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.
