Continuing our Commitment

Continuing our Commitment

Sustainability plays an important role in our growth goals: our customers look to our unique portfolio of material solutions to advance their own sustainability efforts. As we focus on increasing productivity across our facilities to meet our customer demand, we do so with manufacturing operations that are more environmentally sustainable than most other global metal manufacturers.

As we ramped up our production over the last year, we continued to advance our sustainability efforts. we saw our CO2 emissions intensity decrease by more than 20%. We set goals for energy and water use reduction, further eliminating waste and improving the efficiency of our operations. We completed ISO14001 certification for 90% of our business. We continue to drive our #1 Core Value, safety, by investing in training and reduction efforts. And continue to play an active role in bettering our communities. 

It's an exciting time at Carpenter Technology. Macro trends, including the focus on sustainability, are driving increased demand across our end-use markets for our broad portfolio of specialized solutions. And we are well-positioned to achieve our long-term growth goals while advancing our sustainability efforts.

Read more about our journey in the 2023 Sustainability Report. 


Tony R. Thene
President & Chief Executive Officer

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2023 SUSTAINABILITY REPORT Download Arrow - black


What's New for 2023

  1. Established environmental targets to protect the environment and minimize our impact:

    • Reduce water withdrawal intensity by 5% by 2035 through various efforts, including increased water recycling and reuse in our production processes.

    • Reduce energy intensity by 5% by 2035 through process improvements and ancillary equipment upgrades.


  2. Disclosed our human rights management and mitigation strategies. 

  3. Completed ISO14001 Certification for our facilities in Clearwater, FL; Hartsville, SC; Shalmet, PA, and Washington, PA, bringing the total facilities under certification to nine.  

  4. Ranked on Forbes America's Most Cybersecure Companies List.  

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 and partnering 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. 

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.

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.

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.


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 initiatives, visit Social Responsibility.

Group 1012

Materiality Matrix 

Our ESG Program highlights our commitment to each of these areas and continued focus on world-class social responsibility.
  • Energy Management
  • Greenhouse Gas Emissions
  • Air Emissions
  • Waste Management
  • Water Management
  • Renewable Energy
  • Sustainable Sourcing
  • Product Safety & Impact
  • Employee & Contractor Safety
  • Diversity, Equity & Inclusion
  • Human Capital Management
  • Community Engagement
  • 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