AMETEK, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:101,800 MT CO2e (Scope 1 & 2 market-based)
Scope 1 Emissions:27,000 MT CO2e
Scope 2 Emissions:74,800 MT CO2e (market-based)
Renewable Energy Share:7.9%
Total Energy Consumption:352.3 million kWh
Water Consumption:174.5 million US gallons
Waste Generated:1,489 metric tons (total); 12.6% recycled (hazardous)
ESG Focus Areas
- Governance
- Environment
- People
- Communities
- Sustainable Product Solutions
Environmental Achievements
- 26% reduction in Scope 1 and Scope 2 emissions intensity since 2019
- 20% absolute reduction in Scope 1 and Scope 2 emissions since 2019
- 11% reduction in total electricity intensity since 2019
- 10% reduction in total water withdrawal intensity since 2019
- 80% reduction in waste generation at AMETEK Land Instruments (40 metric tons/year)
Social Achievements
- Lowest lost-time incident rate on record in 2022 (80% lower than industry average)
- Nearly 50% of new hires and new entrants into AMETEK's Management Incentive Plan since 2016 were diverse.
- Formalized Sustainability Leadership team to embed sustainability into Operational Excellence initiatives.
Governance Achievements
- Aligned disclosures with SASB and TCFD frameworks
- Formalized Sustainability Leadership team
- Annual anti-corruption training in 12 languages
Climate Goals & Targets
Medium-term Goals:
- Reduce combined Scope 1 and Scope 2 GHG emissions by 40%, normalized to sales, by 2035 (from 2019 baseline)
Environmental Challenges
- Supply chain disruptions
- Climate-related risks (extreme weather, rising temperatures, sea levels)
- Scope 3 emissions
Mitigation Strategies
- Operational Excellence strategy to leverage scale and flexibility
- Robust business continuity plans
- Scope 3 assessment underway
- Investing in on-site renewable energy generation
- Strategic renewable energy procurement
- Efficiency and optimization initiatives
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct focusing on ethics, corporate responsibility, and compliance
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Rising mean temperatures
- Rising sea levels
Transition Risks
- Policy and legal changes
- Technological changes
- Market changes
- Reputational risks
Opportunities
- Resource efficiency
- Energy source shifts
- Product and service development
- Market access
- Resilience
Reporting Standards
Frameworks Used: SASB, TCFD
Sustainable Products & Innovation
- CarbonStream™ Subsea CO2 Meter
- Products supporting renewable energy, emissions monitoring, and carbon reduction
Awards & Recognition
- Civic 50 Greater Philadelphia honoree (3 consecutive years)