In 2024, Timken 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) and Scope 2 (indirect emissions from purchased energy).
However, Timken has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 111,830a | 124,770a | 131,370b | |
Total Scope 2 | ||||
Market-Based | 313,100a | 339,660a | 310,000b | |
Location-Based | N/A | N/A | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 24.4544a | 26.1627a | 29.2148b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Timken amounted to 424,930 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 Timken decreased by 8.51%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Timken were 111,830 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Timken's Scope 1 emissions have increased by 18.39%, reflecting a rising long-term trend in Scope 1 emissions over time.ad
Compared to the previous year (2023), Timken's Scope 1 emissions decreased by 10.37%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Timken reported Scope 2 greenhouse gas (GHG) emissions of 313,100 tCO₂e using the market-based method.a
Compared to the previous year (2023), Timken's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Timken's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Timken reported its Scope 2 emissions using the market-based method.a
In 2024, Timken reported Scope 1 greenhouse gas (GHG) emissions of 111,830 tCO₂e and total revenues of USD 4,573 millions. This translates into an emissions intensity of 24.45 tCO₂e per millions USD.a
In 2024, Timken reported a Scope 1 emissions intensity of 24.45 tCO₂e per millions USD. Compared to the peer group median of 7.14, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Timken ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Timken among the least efficient performers, with one of the highest emissions intensities in its sector.a