Illinois Tool Works Inc

Common Name
Illinois Tool Works
Country
United States
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
44,000
Ticker
ITW
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Illinois Tool Works Inc. is a multinational manufacturer specializing in industrial equipment and tools. The company is renowned for creating engineered products and systems, serving diverse sectors s...

Illinois Tool Works's Climate Target Data Preview

As of 2023, Illinois Tool Works has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Illinois Tool Works ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Unspecified Currency of Revenue
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b
2030
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Verified Sources Behind Illinois Tool Works’s Climate Targets 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 Illinois Tool Works’s data sources below and access millions more through our Disclosure Search.

a. Illinois Tool Works's Sustainability Report 2023
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b. Illinois Tool Works's CDP Climate sourced from company’s website 2022
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Insights into Illinois Tool Works's Greenhouse Gas Emissions Pathways

As of 2023, Illinois Tool Works has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a b

Does Illinois Tool Works have a target to reduce the emissions from its operations?

As of 2023, Illinois Tool Works has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a b

Illinois Tool Works's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 435,166 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021. a b

As of 2023, Illinois Tool Works is ahead of schedule on its operational emissions reduction target, having achieved 70.28% of the planned reduction. a b

Illinois Tool Works's Operational (Scope 1+2) Emissions Pathway

2021202320300150 k300 k450 k600 kBaselineCurrent (-35%)Target 2030 (-50%)
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