Continuing our Commitment

Continuing our Commitment

Last year, we published our first sustainability report, detailing our environmental, social, and governance efforts and highlighting what separates us from most steel companies around the world. We have continued to advance our sustainability efforts and public reporting over the last year.

We conducted a detailed assessment of our operations and set goals for greenhouse gas reduction that align with best-in-class industry standards. We published our first Task Force for Climate-related Disclosures (TCFD), detailing our strategy to address environmental risks and opportunities and a roadmap to achieve our GHG reduction targets. We completed ISO14001 certification for our major production facilities, with others to follow, ensuring uniform environmental management across our company. And we continue to set new goals that align with our culture of continuous improvement. 

Our mission is to be the preferred solutions provider for our customers in the transition to a low-carbon economy. This report shows the breadth of work done over the last year to meet that goal.  To find out more about our progress in the last year, download the 2022 Sustainability Report.

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Tony R. Thene
President & Chief Executive Officer

Download the

2022 SUSTAINABILITY REPORT Download Arrow - black

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What’s New for 2022

  1. Set a target for a 30% reduction of Scope 1 & 2 CO₂ emissions per ton of material by 2035. We conducted a detailed assessment of our operations to develop the target.

  2. Published our Taskforce on Climate-related Financial Disclosure (TCFD) Report, detailing our strategy to address climate-related risks and opportunities and a roadmap on how to achieve our reduction target.

  3. Completed ISO14001 certification at our Reading, PA, Latrobe, PA, Athens, AL, and Liverpool, UK facilities, representing the majority of our operations. We continue to pursue certification for our remaining facilities.

  4. Launched Unconscious Bias Training to our U.S. employees.

  5. Updated Supplier Code of Conduct to include explicit recognition of minority and women's rights and the right to water.

NOT YOUR AVERAGE STEEL

1. Sustainable Solutions

Sustainability is part of our business strategy and an opportunity for future growth. As a solutions provider, we ensure our customers can meet their sustainability needs with our innovative products.

To learn more about how our innovate products support our customers, visit Sustainable Solutions.

2. Sustainable Operations

Our operations are more environmentally sustainable compared to many global metal manufacturers, with a fraction of CO2 emissions from crude steel production. 

To find out more about our sustainable operations, visit Environmental Stewardship.

3. Safety: Our #1 Core Value

We are one of the safest industrial manufacturing companies in the United States: our TRIR was 1.0 for FY22, far below industry rates.

Learn about our safety approach in Safety.

4. Social Responsibility

We are committed to creating an inclusive workplace for our employees and serving the communities in which we live and work. 

To learn more about our socially responsible initiatives, visit Social Responsibility.

Our Sustainability Strategy

Carpenter Technology’s sustainability strategy focuses on four areas of our operations: the health and safety of our employees and community; environmental stewardship; social responsibility, and corporate governance. We will face the challenges ahead by relying on our vision: to partner with our customers to solve their most challenging material problems. And we aim to achieve our goals as we always do, by living up to our Core Values.

We are proud of our ESG program and the positive impact for our employees, communities, and the world, but recognize there is always work to be done.

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Materiality Matrix 

Our ESG Program highlights our commitment to each of these areas and continued focus on world-class social responsibility.
ENVIRONMENTAL
  • Energy Management
  • Greenhouse Gas Emissions
  • Air Emissions
  • Waste Management
  • Water Management
  • Renewable Energy
  • Sustainable Sourcing
  • Product Safety & Impact
SAFETY
  • Employee & Contractor Safety
SOCIAL RESPONSIBILITY
  • Diversity, Equity & Inclusion
  • Human Capital Management
  • Community Engagement
GOVERNANCE
  • Board Composition & ESG Management
  • ESG Governance & Oversight
  • Ethics & Compliance
we're dedicated to building a better future

We’re dedicated to building a better future