Carpenter Technology Corporation
CRS
Industrials
2
exclusion reasons
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Carpenter Technology Corporation has not established a public climate transition plan or set emissions reduction targets aligned with the Paris Agreement. The company’s disclosed climate governance places oversight with its Corporate Governance Committee but does not articulate specific goals, pathways, or timelines for reducing its operational or value chain emissions. As a producer of specialty alloys, including materials critical for aerospace and energy applications, the company’s business is linked to both high-emission industrial sectors and emerging clean technologies; however, it provides no quantitative framework for assessing or managing its climate-related risks and opportunities. This absence of a measurable, time-bound climate strategy constitutes a failure to meet the basic disclosure and planning expectations of current climate performance benchmarks.
Carpenter Technology Corporation was a party to litigation concerning the disposal of millions of gallons of toxic waste over a six-year period by more than twenty entities. The underlying case involved contribution claims for environmental damage remediation costs. The company was named alongside others in a 2013 Delaware Supreme Court filing related to these environmental liabilities. This documented history of involvement in a multi-party toxic waste disposal case places the company within the scope of the environmental damage exclusion.
Research Sources
2 organizations
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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