Voith
Voith GmbH & Co. KGaA, a renowned name in the engineering sector, is headquartered in Heidenheim, Germany. Established in 1867, Voith has evolved into a global leader, particularly in the fields of hydropower, paper, and rail technology. With a strong presence across Europe, North America, and Asia, the company is committed to innovation and sustainability. Voith's core offerings include advanced solutions in hydropower generation, paper production technology, and rail systems, distinguished by their efficiency and reliability. The company has achieved significant milestones, including pioneering developments in energy-efficient technologies. As a trusted partner in various industries, Voith is recognised for its commitment to quality and customer satisfaction, solidifying its position as a key player in the global market.
DitchCarbon Score
How does Voith's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Voith's score of 40 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Voith's reported carbon emissions
In 2023, Voith GmbH & Co. KGaA reported total carbon emissions of approximately 88,663,000 kg CO2e, comprising 56,555,000 kg CO2e from Scope 1 emissions and 32,108,000 kg CO2e from Scope 2 emissions. This represents a decrease from 2022, where total emissions were about 101,957,000 kg CO2e, with Scope 1 at 63,389,000 kg CO2e and Scope 2 at 38,569,000 kg CO2e. Voith has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 50.4% by 2032, using 2022 as the base year. Additionally, the company plans to achieve a 30% reduction in Scope 3 emissions from the use of sold products within the same timeframe. Looking further ahead, Voith aims for a 90% reduction in CO2 emissions at its locations by the end of 2049/50 compared to 2016/17 levels. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Voith's commitment to addressing climate change through significant emissions reductions across its operations.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 30,554,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 122,614,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 28,755,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Voith is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
