Carpenter Technology Corporation (CRS) — ESG & Values Scores

Environment story

Carpenter Technology operates as a specialty alloy manufacturer with energy-intensive melting and forming processes. The company acknowledges material greenhouse gas emissions from manufacturing and recognizes regulatory risk from climate legislation. However, no explicit Scope 1, 2, or 3 emissions data, renewable energy percentages, or net-zero target date are disclosed in the 10-K. The company has filed a conflict minerals report and manages cobalt sourcing due diligence. Environmental remediation liabilities exist at owned facilities and the company is designated as a potentially responsible party at certain Superfund sites. Without disclosed decarbonization infrastructure investments, renewable electricity commitments, or a credible net-zero target, the score reflects significant gaps in environmental transparency and commitment.

Criticisms on file

Superfund and Environmental Liability Exposure
Source: CRS 10-K Risk Factors: Environmental remediation liabilities at owned operating facilities and designation as potentially responsible party at certain third-party Superfund sites; ongoing exposure to environmental litigation and cleanup costs.
Undisclosed Greenhouse Gas Emissions and No Net-Zero Target
Source: CRS 10-K Risk Factors: Company acknowledges energy-intensive manufacturing processes generate carbon dioxide and other greenhouse gases; states that pending climate legislation could have material adverse impact; no Scope 1, 2, or 3 emissions disclosed; no net-zero target date disclosed.
Conflict Minerals Supply-Chain Risk
Source: CRS 10-K Risk Factors: Company acknowledges potential disqualification as supplier if due diligence does not verify DRC conflict-free status; acknowledges costs and supply-chain impacts from conflict minerals compliance.

Disclosed initiatives

Conflict Minerals Due Diligence

Company filed annual conflict minerals report on May 19, 2025; conducts due diligence to verify origin of tin, tantalum, tungsten, and gold and determine DRC conflict-free status.

Compliance with SEC Dodd-Frank rules; mitigates reputational and supply-chain risk related to conflict minerals.
Environmental Remediation Management

Company accrues liabilities for environmental remediation at owned facilities and manages status as potentially responsible party at Superfund sites.

Addresses legacy contamination; exposure to future cleanup costs remains subject to uncertainty.

Social story

Carpenter Technology has a unionized workforce at two primary facilities (Dynamet and Latrobe) with collective bargaining agreements expiring in 2025 and 2027 respectively. The company discloses active union negotiations and acknowledges exposure to work stoppages. No CEO-to-worker pay ratio, workforce diversity percentages, turnover rate, or leadership diversity metrics are disclosed in the 10-K. The company acknowledges reliance on skilled labor and importance of talent retention but provides no formal diversity, equity, and inclusion program disclosures or supply-chain human-rights audit results. Pension obligations to active and retired employees are substantial and not fully insured, representing a material long-term liability. Overall, transparency on social metrics is limited.

Criticisms on file

Union Collective Bargaining Expiration and Negotiation Risk
Source: CRS 10-K Risk Factors: 179 production employees at Dynamet covered by collective bargaining agreement expiring August 31, 2025, with negotiations currently in process; 461 production employees at Latrobe covered by agreement expiring July 31, 2027; risk of work interruptions and stoppages acknowledged.
No Disclosed Leadership Diversity or Pay Equity Metrics
Source: CRS 10-K: No workforce diversity percentages, CEO-to-median-worker pay ratio, or leadership diversity disclosures provided; no formal DEI program or civil-rights audit results disclosed.
Substantial Unfunded Pension and Retiree Health Obligations
Source: CRS 10-K Risk Factors: Company acknowledges substantial benefits to active and retired employees not covered by insurance; unfavorable investment returns or regulatory changes could materially increase required funding; long-term cost exposure relative to international competitors with government-sponsored health care.

Disclosed initiatives

Pension and Retiree Benefits

Company provides defined benefit pension plans and retiree health care to eligible active and retired employees; largest pension plan benefits frozen effective December 31, 2016; fiscal 2025 pension expense $26.3 million; net pension expense $24.8 million.

Substantial long-term obligation to workforce; exposure to investment performance and regulatory changes; annuity settlement executed in fiscal 2024 to de-risk obligations.
Workforce Attraction and Retention

Company acknowledges dependence on skilled personnel including metallurgists, production specialists, and management; recognizes need for succession planning and talent development.

No formal metrics disclosed on retention outcomes or diversity hiring targets.

Governance story

Carpenter Technology's governance structure is not fully disclosed in the 10-K excerpt provided. No information on board independence percentage, share structure (dual-class voting), board composition, or annual lobbying expenditures is included in the risk factors or MD&A sections reviewed. The company is subject to Sarbanes-Oxley internal control requirements and maintains disclosure controls. No antitrust proceedings, consumer-safety fines, or financial-fraud regulatory actions are mentioned. The company acknowledges various litigation risks including product liability, employment disputes, and tax matters as routine. Without disclosure of board independence, lobbying spend, or shareholder proposals, governance scoring relies on absence of disclosed major violations rather than affirmative transparency.

Criticisms on file

No Disclosed Board Independence or Governance Structure Details
Source: CRS 10-K: Board independence percentage, share structure (dual-class voting), board composition, and committee structure not disclosed in provided excerpts.
Litigation and Dispute Exposure
Source: CRS 10-K Risk Factors: Company acknowledges routine litigation claims related to product liability, commercial disputes, employment actions, employee benefits, domestic and international law compliance, personal injury, patent infringement, and tax issues; outcomes cannot be predicted with certainty; potential for material adverse effect on results of operations.
Cybersecurity and Data Security Risks
Source: CRS 10-K Risk Factors: Company regularly targeted by cyber and security threats; acknowledges inability to guarantee prevention of attacks; potential for operational disruption, loss of confidential data, intellectual property theft, and reputational harm.

Disclosed initiatives

Sarbanes-Oxley Compliance and Internal Controls

Company maintains effective disclosure controls and procedures and internal control over financial reporting as required by Sarbanes-Oxley Act; annual management assessment and independent auditor attestation performed.

Ensures financial reporting reliability and compliance with SEC regulations.
Conflict Minerals Disclosure and Due Diligence

Company filed conflict minerals report on May 19, 2025, complying with SEC Dodd-Frank Act requirements; ongoing due diligence on tin, tantalum, tungsten, and gold sourcing.

Demonstrates compliance with SEC disclosure rules; supports transparency on supply-chain governance.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Carpenter Technology Corporation. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Carpenter Technology Corporation in the app for interactive charts and portfolio building.

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