Climate Change Data

Albany International Corp.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:56,413 tCO2e/year
Scope 1 Emissions:19,176 tCO2e/year
Scope 2 Emissions:37,237 tCO2e/year
Renewable Energy Share:8.87%
Total Energy Consumption:811,306 GJ/year

ESG Focus Areas

  • Environmental Stewardship
  • Respect for People and Communities
  • Integrity in Governance

Environmental Achievements

  • Achieved zero landfill at one facility through recycling or waste-to-energy
  • Reduced energy intensity (GJ/$Net Sales) from 0.90 in 2021 to 0.78 in 2022
  • Reduced Scope 1 and 2 GHG emissions from 57,756 mt CO2e in 2021 to 56,413 mt CO2e in 2022

Social Achievements

  • 89% of critical roles have identified successors
  • Summer internship program with 30% conversion to full-time hires
  • Reduced Total Recordable Incident Rate (TRIR) from 0.68 in 2021 to 0.48 in 2022

Governance Achievements

  • Updated corporate governance guidelines to include director overboarding policy
  • Implemented EthicsPoint Helpline for anonymous reporting of wrongdoing
  • Maintained ISO 9001:2015 and AS/EN 9100 certifications

Climate Goals & Targets

Short-term Goals:
  • Converting existing lighting to more efficient LEDs
  • Evaluating and adopting meaningful GHG reduction targets

Environmental Challenges

  • Reducing GHG emissions intensity
  • Maintaining safety standards across global operations
  • Managing risks associated with critical materials in the supply chain
Mitigation Strategies
  • Evaluating opportunities to enhance energy reduction efforts across facilities
  • Implementing a comprehensive safety management system
  • Formalized risk assessment process for supply chain, including scorecards and business reviews

Supply Chain Management

Supplier Audits: On-facility audits conducted as needed

Responsible Procurement
  • Supplier Code of Conduct
  • Business Ethics Policy
  • Conflict Minerals Policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Standards for Industrial Machinery & Goods and Aerospace & Defense

Certifications: ISO 14001:2015 (four facilities), ISO 9001:2015 (MC facilities), AS/EN 9100 (AEC facilities), Nadcap (AEC facilities)

Sustainable Products & Innovation

  • Lightweight packaging
  • Technologies to reduce energy consumption of paper machines
  • 3D woven composite technology for fuel-efficient aircraft engines

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:37,389 mt CO2e (Scope 1 & 2)
Renewable Energy Share:6.60% of total energy use
Total Energy Consumption:930,830 GJ

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Global initiative to replace existing lighting with energy-efficient LEDs largely complete.
  • One facility achieved zero waste to landfill since 2022.
  • Partnership with third-party for carbon fiber recycling.

Social Achievements

  • TRIR of 0.54 in 2023.
  • Launched Human Factors Safety Program.
  • 90% of critical roles have identified successors.

Governance Achievements

  • Published first TCFD Report.
  • Reaffirmed commitment to the ten principles of the United Nations Global Compact.
  • Implemented an online reporting platform, EthicsPoint Helpline.

Climate Goals & Targets

Short-term Goals:
  • Establish near-term Science-Based Targets aligned with the Paris Agreement’s ambition of limiting global temperature rise to 1.5°C.

Environmental Challenges

  • Supply chain challenges and geopolitical conflict leading to increased energy costs.
  • Need for significant investment in clean energy.
  • Increasing scrutiny from governments and customers to adopt more sustainable practices.
Mitigation Strategies
  • Developing a climate transition plan.
  • Setting near-term Science-Based Targets aligned with the SBTi.
  • Increased transparency with first global response to CDP and first TCFD Report.

Supply Chain Management

Supplier Audits: On-facility audits conducted as needed.

Responsible Procurement
  • Supplier Code of Conduct
  • Human Rights Policy
  • Business Ethics Policy
  • Conflict Minerals Policy

Climate-Related Risks & Opportunities

Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Growth in renewable energy sector

Reporting Standards

Frameworks Used: SASB (Industrial Machinery & Goods and Aerospace & Defense), TCFD, CDP, GHG Protocol

Certifications: ISO 9001:2015 (MC), AS/EN 9100 (AEC), ISO 14001:2015 (4 facilities), Nadcap (AEC)

Sustainable Products & Innovation

  • 3D woven carbon fiber for LEAP engine fan blade
  • Products that reduce energy and water consumption in paper making

Awards & Recognition

  • Newsweek’s America’s Most Responsible Companies 2024