Global Fastener News

Howmet Aerospace released its 2020 Environmental, Social and Governance (ESG) report highlighting the company’s approach to sustainability.

“For Howmet Aerospace, ESG is about generating meaningful change for a more sustainable future through proprietary technologies that help the aerospace and commercial transportation industries reduce fuel consumption and cut carbon emissions,” stated co-CEO John C. Plant. 

“Social concerns remained an important issue during 2020 and we reaffirmed our commitment to employee and community safety in light of the pandemic as well as focused on diversity, equity and inclusion.”

Among the highlights in the ESG Report:

• 4.8 million Howmet Aerospace BobTail lockbolts were used to assemble wind turbines in North America and Europe, representing a 33% increase over 2019 usage “due to growth in the industry and greater use and adoption of our fasteners across European and North American installations.”
• 115 million Howmet Aerospace BobTail lockbolts and 25 million Howmet Aerospace BOM blind fasteners were used to assemble 6.9 gigawatts of solar arrays, diverting 170,000 metric tons of greenhouse gas emissions.
• The Howmet Aerospace Foundation approved more than $5.2 million in STEM focused-grants and disbursed more than $2.3 million to nonprofit organizations in communities around the world.
• A 19.2% decrease in GHG emissions and 17% decline in energy consumption compared to 2019.
• A 21% reduction in total recordable incidents and a 4% decline in days away, restricted and transfer rate compared to 2019.
• 88% of Howmet’s key suppliers have sustainability programs considered leading or active.

The report was prepared in alignment with guidance from the Task Force on Climate-Related Financial Disclosures (TCFD) and standards from the Sustainability Accounting Standards Board (SASB) and is available online. Web: https://www.howmet.com/environmental-social-governance/

Headquartered in Pittsburgh, Howmet Aerospace’s primary businesses focus on jet engine components, aerospace fastening systems and titanium structural parts for aerospace and defense applications, as well as forged wheels for commercial transportation. Web: Howmet.com