Albany International Publishes 2023 TCFD Report

• Albany International sets first operational sustainability goals.

• Completes their first accounting of Scope 3 emissions.

Albany International, a global company manufacturing advanced textiles and materials, has issued their 2023 Taskforce on Climate-related Financial Disclosures (TCFD) Report.

Through the report, the company communicates to the stakeholders their plans for managing risks and opportunities related to climate change. It also details how their operations, products, and initiatives support a transition to a more sustainable, low-carbon economy.

The company aims to reduce their direct emissions (Scope 1 and 2) and has focused on waste reduction. They are also committed to the Science Based Targets initiative (SBTi), which helps businesses around the world cut their emissions in half by 2030 and achieve net-zero emission goals by 2050.

“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. “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.”

Anna Yates, Corporate EHS & Sustainability said: “We are proud of our environmental progress this year. While there remains much to accomplish, we achieved two major milestones: setting our first operational sustainability goals and completing our first accounting of Scope 3 emissions. These important milestones set us up to accelerate our progress on sustainability, in collaboration with our customers and partners.”

For a detailed view of their report, click here.

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Source: Albany International