Energy Efficiency, GHG Emissions, Industrial  -  October 11, 2024

Albany International Sets Additional Emission Goals

Albany International Corp., a  developer and manufacturer of engineered components, announced the publication of its 2023 Taskforce on Climate-related Financial Disclosures (TCFD) Report.

The TCFD provides a common framework to articulate to stakeholders the company’s strategy for managing its climate-related risks and opportunities and show how its products and operations are aligned with the transition to a low-carbon, sustainable global economy.

The company set commitments for near-term, company-wide Scope 1 and 2 emissions reduction goals aligned with the Science Based Targets initiative (SBTi), waste reduction goals, and disclosure of Scope 3 (value chain) emissions. 

Albany International also partnered with a third-party enterprise carbon company and initiated collection of Scope 3 emissions data.

Albany International continues to actively reduce energy use and increase its overall energy efficiency. In 2023, the company’s global initiative to replace existing lighting across shop floors and office spaces with more energy efficient LEDs was largely completed.

The other initiatives include upgrading equipment to more energy efficient models and evolving processes to conserve energy such as lowering process temperatures and engineering equipment to reduce heat loss.

While two of the company’s sites already source 100% renewable energy from the grid, Albany also continued feasibility studies for solar PV energy across its sites and seeks to implement them in 2024 where practicable. 

“This has been an important year for us in terms of further developing our strategy, including new sustainability goals,” said Gunnar Kleveland, President and CEO of Albany International Corp., in a statement. “We continue to support our customers in their sustainability efforts by enabling more efficient processes and more sustainable end-products, and we are proud to commit to our own operational sustainability goals. Our own operational performance will further support our customers’ sustainability efforts as part of their supply chain. Sustainability requires collaboration across our entire value chain, and we remain excited about the opportunities ahead for further collective innovation.”