Planet

In 2022, we completed efforts to gather, aggregate, and report comprehensive and comparable information on the energy use and emissions across the 23 Albany facilities in the 11 countries where we have historically operated, in accordance with the GHG Protocol for Scope 1 and Scope 2. We also developed and integrated a global environmental dashboard to assist with tracking and monitoring emissions across the entire company.

In 2023, Albany partnered with an independent third-party enterprise climate platform to enhance measurement, reporting, and reduction of our carbon emissions. This work sets the foundation for calculating Scope 3 emissions and, importantly, developing a climate transition plan to address both our products and services as well as our company operations and manufacturing footprint.

We also signed a commitment letter with the Science Based Targets Initiative (SBTi) that commits us to establishing near-term Science-Based Targets. The SBTi’s goal is to accelerate companies across the world to support the global economy to halve emissions before 2030 and achieve net-zero before 2050. Now committed to SBTi, we will set formal emissions reduction targets and goals aligned with the Paris Agreement’s ambition of limiting global temperature rise to 1.5°C.

This commitment has the full support of our Board of Directors and Senior Leadership Team, and we look forward to developing these science-based targets along with a comprehensive emissions reduction strategy and tracking and reporting progress at least annually, while continuing to accelerate progress on our energy initiatives across our global portfolio.