Festo SE & Co. KG
Festo SE & Co. KG, a leading global player in automation technology and technical education, is headquartered in Esslingen, Germany. Founded in 1925, the company has established a strong presence in Europe, Asia, and the Americas, providing innovative solutions across various industries, including manufacturing, automotive, and process automation. Festo is renowned for its core products, such as pneumatic and electric drive technology, as well as automation solutions that enhance productivity and efficiency. Their commitment to research and development has led to significant milestones, including advancements in Industry 4.0 technologies. With a reputation for quality and reliability, Festo holds a prominent market position, serving customers in over 250 industries worldwide and continually pushing the boundaries of engineering excellence.
DitchCarbon Score
How does Festo SE & Co. KG'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 Real Estate Services 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
Festo SE & Co. KG's score of 41 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Festo SE & Co. KG's reported carbon emissions
In 2023, Festo SE & Co. KG reported total carbon emissions of approximately 13,574,335,000 kg CO2e. This figure includes Scope 1 emissions of about 25,820,000 kg CO2e, Scope 2 emissions of approximately 8,087,000 kg CO2e, and significant Scope 3 emissions, notably from the use of sold products, which accounted for about 12,972,026,000 kg CO2e. Festo has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 64.3% by 2030, using 2022 as the baseline year. Additionally, Festo plans to cut absolute Scope 3 emissions by 25% within the same timeframe. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions by 2040, as well as a 90% reduction in Scope 3 emissions by 2050. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C, reflecting Festo's commitment to sustainability and climate action in the electrical equipment and machinery sector.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 24,847,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 38,875,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 13,229,812,000 | 00,000,000,000 | 00,000,000,000 |
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.
Festo SE & Co. KG 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.
