Company Directory - Carpenter Technology Corp.
Company Details - Carpenter Technology Corp.
Carpenter Technology Corp.
WebsiteReading, United States
Carpenter Technology Corp. is a manufacturer of specialty metals and alloys, catering to various industries such as aerospace, automotive, and medical sectors. The company focuses on innovative and engineered solutions, providing high-performance materials to meet stringent industry standards.
CCI Score
CCI Score: Carpenter Technology Corp.
18.21
Latest Event
Carpenter Technology Corp: No Active PAC in 2023-2024 Cycle
OpenSecrets data indicates that Carpenter Technology Corp did not operate an active PAC during the 2023-2024 election cycle. This absence of direct corporate political fundraising suggests limited engagement in channeling funds into political processes, an outcome that aligns with greater transparency and reduced risk of undue corporate influence on authoritarian or far‐right agendas.
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SABOTEUR
Carpenter Technology Corp. is currently rated as a Saboteur.
Latest Events
- MAR312025
OpenSecrets data indicates that Carpenter Technology Corp did not operate an active PAC during the 2023-2024 election cycle. This absence of direct corporate political fundraising suggests limited engagement in channeling funds into political processes, an outcome that aligns with greater transparency and reduced risk of undue corporate influence on authoritarian or far‐right agendas.
+20
Political Contributions and Lobbying Efforts
April 1
The OpenSecrets PAC profile shows that Carpenter Technology Corp’s PAC was inactive during the 2023-2024 cycle. This lack of direct political fundraising minimizes opportunities for the company to exert undue influence over political processes, which is a positive sign from an anti-fascist and democratic accountability perspective.
- FEB062025
A review of Carpenter Technology Corp's political spending based on OpenSecrets data shows that its PAC did not register any significant expenditures during the 2023-2024 election cycle, indicating limited active political spending.
+0
Political Contributions and Lobbying Efforts
April 1
The OpenSecrets report reveals that Carpenter Technology Corp's PAC did not make any substantial expenditures in the recent cycle. This lack of significant political spending minimizes the company's potential to influence partisan outcomes or lend support to authoritarian agendas. While a proactive engagement in political contributions might be seen as a commitment to democratic participation, the absence of large expenditures suggests neither active endorsement nor opposition of extremist policies.
- JAN072025
A docket from the National Labor Relations Board indicates that Carpenter Technology Corp. is facing allegations regarding retaliatory actions and disciplinary measures against employees participating in concerted activities. The docket details include a signed charge against the employer and a deferral letter issued on January 7, 2025.
-80
Labor Relations and Human Rights Practices
April 1
The NLRB docket reveals allegations that Carpenter Technology engaged in retaliatory and disciplinary practices against workers involved in concerted activities. Such practices undermine labor rights and fair treatment of employees, which is a serious concern from an ethical and anti-authoritarian perspective.
- JAN012025
Carpenter Technology’s legal information page underscores its strong policies against slavery and human trafficking, and explicitly prohibits the use of corporate funds for political contributions. These measures are designed to uphold human rights and ensure ethical involvement in political processes.
+30
Political Contributions and Lobbying Efforts
April 1
By prohibiting the use of corporate funds for political contributions, Carpenter Technology minimizes the risk of indirectly supporting authoritarian or far-right agendas. Their transparent disclosure of lobbying activities further supports accountability.
+70
Labor Relations and Human Rights Practices
April 1
The company’s explicit commitment to opposing slavery and human trafficking, including a prohibition on any related practices within its supply chain, reflects a strong dedication to ethical labor practices and respect for human rights.
- DEC312023
Carpenter Technology Corp spent $40,000 on lobbying in 2023, as detailed in an OpenSecrets report. This activity highlights the company’s engagement in political lobbying, which raises concerns about corporate influence over policy-making.
-10
Political Contributions and Lobbying Efforts
April 1
The reported lobbying expenditure of $40,000 in 2023 indicates that Carpenter Technology Corp is engaging in political lobbying. Although the amount is modest relative to industry giants, any form of corporate lobbying can contribute to undemocratic influence and the prioritization of corporate interests over public accountability. This activity is viewed negatively from an anti-fascist perspective, as it may help sustain systems where corporate power undermines democratic processes.
- OCT012023
Carpenter Technology publishes legal information outlining its firm stance against using corporate funds for political contributions while maintaining transparency in its occasional lobbying activities. The policy further commits to upholding human rights, ethical labor practices, and supply chain traceability regarding conflict minerals.
+50
Political Contributions and Lobbying Efforts
April 1
The company explicitly prohibits using corporate funds for political contributions, which avoids channeling money into potentially authoritarian-leaning political actors. Its disclosed, transparent lobbying activities further reflect a measured approach to political influence.
+40
Labor Relations and Human Rights Practices
April 1
The company demonstrates robust ethical practices by affirming a commitment to human rights and opposing slavery and human trafficking, fostering a culture of respect for labor rights.
+30
Supply Chain Ethics
April 1
The company’s conflict minerals policy and supplier code of conduct enforce ethical sourcing practices. By requiring traceability and compliance from suppliers, Carpenter Technology reduces the risk of supporting human rights violations in its supply chain.
- MAY012023
Carpenter Technology Corporation released its 2023 Sustainability Report outlining extensive initiatives in environmental stewardship, employee safety, human rights, diversity, and community engagement. The report details progress on ISO certifications, energy and water efficiency programs, waste reduction practices, and comprehensive workforce development initiatives which collectively demonstrate the company’s commitment to ethical business practices and social responsibility.
+70
Labor Relations and Human Rights Practices
April 1
The released sustainability report highlights strong commitments to labor rights, human rights, and ethical business practices. Carpenter Technology details its efforts in improving workplace safety, advancing diversity, equity, and inclusion initiatives, and fostering community engagement. These actions are aligned with progressive, anti-authoritarian values, thus earning a positive rating under Labor Relations and Human Rights Practices.
2023 Sustainability Report - Carpenter Technology Corporation
- JAN012022
In 2022, Carpenter Technology introduced a Supplier Code of Conduct on its Social Responsibility page, mandating all suppliers and vendors to adhere to high ethical standards. This initiative aims to mitigate human rights risks, ensure worker safety, and promote accountability across its supply chain.
+70
Supply Chain Ethics
April 1
Carpenter Technology's introduction of a Supplier Code of Conduct demonstrates proactive efforts to enforce ethical standards in its supply chain. By requiring vendors and suppliers to adhere to high human rights and safety standards, the company mitigates risks associated with labor exploitation and potential human rights abuses. This action aligns positively with anti-authoritarian values.
- OCT012021
Carpenter Technology Corporation published a detailed Human Rights Policy outlining its commitment to uphold international human rights standards, prevent forced and child labor, provide safe working conditions, and ensure diversity and non-discrimination. The policy, guided by principles from the UN Global Compact, UDHR, and ILO conventions, establishes clear protocols for reporting and remedying human rights violations within the company and its supply chain.
+80
Labor Relations and Human Rights Practices
April 1
The Human Rights Policy underscores a strong commitment to ethical labor practices and human rights, including clear measures against forced labor, harassment, and discrimination. By aligning its practices with leading international standards and offering robust reporting and remediation mechanisms, Carpenter Technology demonstrates responsibility and support for workers' rights, which is a positive anti-fascist, progressive action.
- FEB292012
In 2012, the FTC resolved charges that Carpenter Technology Corp.'s proposed $410 million acquisition of Latrobe Specialty Metals, Inc. would reduce competition in the aerospace alloys market by requiring the company to divest assets used in producing two key alloys. The settlement was aimed at preventing a monopolistic market structure that could lead to higher prices for consumers.
-75
Business Practices and Ethical Responsibility
April 1
Carpenter Technology Corp.'s attempted merger with Latrobe Specialty Metals was set to significantly consolidate market power in the aerospace alloys sector. Such anti-competitive practices risk higher consumer prices and reduced market fairness, aligning with authoritarian economic consolidation trends. The FTC intervention highlights these unethical business practices.
Carpenter Technology Corp. and Latrobe Specialty Metals, Inc.
-50
Economic and Structural Influence
April 1
The divestiture order enforced by the FTC was aimed at preserving competitive market structures. Carpenter’s move to acquire Latrobe would have facilitated excessive concentration of economic power, a hallmark of authoritarian influences in market dynamics.
Carpenter Technology Corp. and Latrobe Specialty Metals, Inc.
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Corporation
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Corporate Financials
- Revenue
- 2025
- $1.00B
- Total Assets
- 2025
- $1.50B
- Operating Income
- 2025
- $100.00M
- Total Equity
- 2025
- $700.00M
Employees: 3,000
Industries
- 3314
- Nonferrous Metal (except Aluminum) Production and Processing
- 33111
- Iron and Steel Mills and Ferroalloy Manufacturing
- 33281
- Coating, Engraving, Heat Treating, and Allied Activities