Axel Springer

Axel Springer, headquartered in Germany and operating in the printed matter and recorded media industry, reported total carbon emissions of approximately 436,048,000 kg CO2e in 2023. This figure includes 5,300,000 kg CO2e from Scope 1 emissions, 12,496,000 kg CO2e from market-based Scope 2 emissions, and 418,253,000 kg CO2e from Scope 3 emissions.

In 2022, the company's total emissions were about 469,870,000 kg CO2e, comprising 3,829,000 kg CO2e (Scope 1), 13,334,000 kg CO2e (market-based Scope 2), and 452,707,000 kg CO2e (Scope 3). For 2021, total emissions were around 412,545,000 kg CO2e, with 3,745,000 kg CO2e (Scope 1), 14,943,000 kg CO2e (market-based Scope 2), and 424,673,000 kg CO2e (Scope 3).

Axel Springer has set ambitious climate commitments. The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2046, with long-term Science Based Targets Initiative (SBTi) validated targets to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2046 from a 2022 base year. Similarly, they commit to reducing absolute Scope 3 GHG emissions by 90% within the same timeframe.

Near-term SBTi targets include a 42% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2022 base year, and a 42% reduction in absolute Scope 3 GHG emissions within the same timeframe. Separately, the company aims to reduce its absolute CO2 emissions by 3-5% annually over the next ten years, with a 90% reduction compared to the 2021 baseline by 2045 for Scope 1 and 2 emissions. Axel Springer also plans to reduce Scope 1 and Scope 2 emissions to near zero by 2025.