Howmet Aerospace Inc

Common Name
Howmet Aerospace
Country
United States
Sector
Industrials
Industry
Aerospace & Defense
Employees
23,930
Ticker
HWM
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Howmet Aerospace Inc. is a leading manufacturer of advanced engineered components primarily serving the aerospace, defense, commercial transportation, and industrial markets. The company specializes i...

Howmet Aerospace's GHG Emissions Data Preview

In 2024, Howmet Aerospace completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Howmet Aerospace has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Howmet Aerospace’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Howmet Aerospace’s data sources below and access millions more through our Disclosure Search.

a. Howmet Aerospace's ESG Report 2024
a. Howmet Aerospace's ESG Report 2024
b. Howmet Aerospace's ESG Report 2021
b. Howmet Aerospace's ESG Report 2021

Insights into Howmet Aerospace's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Howmet Aerospace amounted to 780,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Howmet Aerospace decreased by 3.7%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Howmet Aerospace's Scope 1 Emissions Over Time

20182019202020212022202320240150 k300 k450 k600 ktCO2e-4%-16%-3%+3%+3%0%
  • Total Scope 1
  • Year-over-Year Change

What are Howmet Aerospace's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Howmet Aerospace were 390,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Howmet Aerospace reduced its Scope 1 emissions over time?

Since 2018, Howmet Aerospace's Scope 1 emissions have decreased by 17.02%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Howmet Aerospace's Scope 1 emissions remained relatively stable, indicating that Howmet Aerospace's emissions have plateaued with no significant change in its operational footprint. a

What are Howmet Aerospace's Scope 2 emissions?

In 2024, Howmet Aerospace reported Scope 2 greenhouse gas (GHG) emissions of 400,000 tCO₂e using the market-based method and 390,000 tCO₂e using the location-based method. a

Has Howmet Aerospace reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Howmet Aerospace's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Howmet Aerospace 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Howmet Aerospace use for Scope 2 reporting?

In 2024, Howmet Aerospace reported its Scope 2 emissions using the market-based method and using the location-based method. a

Howmet Aerospace's Scope 2 Emissions Over Time

20182019202020212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Howmet Aerospace's Value Chain Emissions

In 2024, Howmet Aerospace reported 1,780,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Howmet Aerospace includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Howmet Aerospace's Scope 3 Emissions Over Time

20182019202020212022202320240600 k1.2 M1.8 M2.4 MtCO2e-1%-39%+64%+1%+15%-21%
  • Total Scope 3
  • Year-over-Year Change

What are Howmet Aerospace's Scope 3 emissions?

In 2024, Howmet Aerospace reported total Scope 3 emissions of 1,780,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 97.77% of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.23% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Howmet Aerospace reduced its Scope 3 emissions over time?

Since 2018, Howmet Aerospace's Scope 3 emissions have remained relatively stable, indicating that Howmet Aerospace 's emissions have plateaued with no significant change in its value chain footprint. a b

Compared to the previous year (2023), Howmet Aerospace's Scope 3 emissions decreased by 20.54%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Howmet Aerospace disclose?

In 2024, Howmet Aerospace reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Howmet Aerospace's Scope 3 emissions?

In 2024, the largest contributors to Howmet Aerospace's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 1,440,000 tCO₂e (80.45%)
  • Fuel- and Energy-Related Services (Cat. 3): 110,000 tCO₂e (6.15%)
  • Employee Commuting (Cat. 7): 60,000 tCO₂e (3.35%)

Howmet Aerospace's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(6.1%)Employee Commuting(Cat. 7)(3.4%)Purchased Goods andServices (Cat. 1)(80.4%)

Insights into Howmet Aerospace’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Howmet Aerospace reported Scope 1 greenhouse gas (GHG) emissions of 390,000 tCO₂e and total revenues of USD 7,430 millions. This translates into an emissions intensity of 52.49 tCO₂e per millions USD. a

Howmet Aerospace's Scope 1 Emissions Intensity Compared to Peers

2,00020,000200,0005,000,00050,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)Old Dominion Freight LineYear: 2024Scope 1: 1,158,559 tCO2eRevenue: $M 5,815Scope 1 Intensity: 199.24 tCO2e/$MLockheed MartinYear: 2024Scope 1: 294,431 tCO2eRevenue: $M 71,043Scope 1 Intensity: 4.14 tCO2e/$MNorthrop GrummanYear: 2024Scope 1: 284,710 tCO2eRevenue: $M 41,033Scope 1 Intensity: 6.94 tCO2e/$MCurtiss-WrightYear: 2024Scope 1: 16,477 tCO2eRevenue: $M 3,121Scope 1 Intensity: 5.28 tCO2e/$MTransDigm GroupYear: 2023Scope 1: 42,622 tCO2eRevenue: $M 6,585Scope 1 Intensity: 6.47 tCO2e/$MSpirit AeroSystems HoldingsYear: 2022Scope 1: 135,663 tCO2eRevenue: $M 5,030Scope 1 Intensity: 26.97 tCO2e/$MParker-HannifinYear: 2023Scope 1: 127,000 tCO2eRevenue: $M 19,065Scope 1 Intensity: 6.66 tCO2e/$MGeneral ElectricYear: 2024Scope 1: 283,359 tCO2eRevenue: $M 38,702Scope 1 Intensity: 7.32 tCO2e/$MTextronYear: 2023Scope 1: 241,593 tCO2eRevenue: $M 13,683Scope 1 Intensity: 17.66 tCO2e/$MHuntington Ingalls IndustriesYear: 2024Scope 1: 80,948 tCO2eRevenue: $M 11,535Scope 1 Intensity: 7.02 tCO2e/$MStandardAeroYear: 2024Scope 1: 44,332 tCO2eRevenue: $M 5,237Scope 1 Intensity: 8.46 tCO2e/$ML3Harris TechnologiesYear: 2024Scope 1: 73,961 tCO2eRevenue: $M 21,325Scope 1 Intensity: 3.47 tCO2e/$MBWX TechnologiesYear: 2024Scope 1: 28,506 tCO2eRevenue: $M 2,704Scope 1 Intensity: 10.54 tCO2e/$MGeneral DynamicsYear: 2023Scope 1: 323,044 tCO2eRevenue: $M 42,272Scope 1 Intensity: 7.64 tCO2e/$MRTXYear: 2024Scope 1: 542,229 tCO2eRevenue: $M 80,738Scope 1 Intensity: 6.72 tCO2e/$MAlaska Air GroupYear: 2024Scope 1: 10,321,898 tCO2eRevenue: $M 11,735Scope 1 Intensity: 879.58 tCO2e/$MOwens CorningYear: 2024Scope 1: 1,662,166 tCO2eRevenue: $M 10,975Scope 1 Intensity: 151.45 tCO2e/$MHexcelYear: 2024Scope 1: 180,594 tCO2eRevenue: $M 1,903Scope 1 Intensity: 94.90 tCO2e/$MOshkoshYear: 2024Scope 1: 70,000 tCO2eRevenue: $M 10,730Scope 1 Intensity: 6.52 tCO2e/$MABM IndustriesYear: 2023Scope 1: 44,746 tCO2eRevenue: $M 8,096Scope 1 Intensity: 5.53 tCO2e/$MGXO LogisticsYear: 2024Scope 1: 200,782 tCO2eRevenue: $M 11,709Scope 1 Intensity: 17.15 tCO2e/$MBoeingYear: 2024Scope 1: 517,000 tCO2eRevenue: $M 66,517Scope 1 Intensity: 7.77 tCO2e/$MMoogYear: 2024Scope 1: 12,538 tCO2eRevenue: $M 3,609Scope 1 Intensity: 3.47 tCO2e/$MHowmet AerospaceYear: 2024Scope 1: 390,000 tCO2eRevenue: $M 7,430Scope 1 Intensity: 52.49 tCO2e/$M

How does Howmet Aerospace's GHG emissions intensity compare to its peers?

In 2024, Howmet Aerospace reported a Scope 1 emissions intensity of 52.49 tCO₂e per millions USD. Compared to the peer group median of 7.32 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Howmet Aerospace rank on GHG emissions intensity within its industry?

In 2024, Howmet Aerospace ranked 20 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Howmet Aerospace among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Howmet Aerospace's Total Carbon Footprint

In 2024, Howmet Aerospace reported a total carbon footprint of 2,560,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.07% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Howmet Aerospace's total carbon footprint was Scope 3 emissions, accounting for 69.53% of the company's total carbon footprint, followed by Scope 1 emissions at 15.23%. a

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