American Axle

Auto Parts & Equipment / Industrial Machinery
AXL
$ 7.2 (0.69)%
Share price
$ 0.84 bn
Market Cap
$ 3.2 bn
Enterprise Value

Carbon footprint

149 Ton
GHG emissions per $ 1 mln investment
4.2x the weighted average for S&P 500
FY2021
How is this calculated?
+2.8%
YOY change in GHG emissions
Stronger than the +0.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

American Axle's GHG emissions (location-based) (Kt of CO2e)
American Axle's Carbon intensity (Tons per 1 USDm)

American Axle's carbon footprint

American Axle reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 476 Kt (+13/+2.8% y-o-y). At the sime time, carbon intensity tumbled to 98 t (-52 /-34.8% y-o-y).

No public disclosure of Scope 3 emissions has been found for American Axle at the moment.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

American Axle also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target American Axle & Manufacturing, Inc. commits to reach net-zero GHG emissions across the value chain by 2040 from a 2020 base year. Near-Term Targets American Axle & Manufacturing, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 45% by 2030 from a 2020 base year. American Axle & Manufacturing, Inc. also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, capital goods, fuel and energy related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, downstream transportation and distribution, end-of-life treatment of sold products and investments 25% within the same timeframe. American Axle & Manufacturing, Inc. further commits that 66.7% of its suppliers by emissions covering purchased goods and services, will have science-based targets by 2027. Long-Term Targets American Axle & Manufacturing, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2040 from a 2020 base year. American Axle & Manufacturing, Inc. also commits to reduce absolute 3 GHG emissions 90% within the same timeframe.

Company environmental metrics

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