Construcciones y Auxiliar de Ferrocarriles

Construcciones y Auxiliar de Ferrocarriles (CAF), headquartered in Spain, reported total emissions of approximately 3.68 billion kg CO2e in 2024. This includes Scope 1 emissions of approximately 31.17 million kg CO2e, Scope 2 emissions (market-based) of about 7.28 million kg CO2e, and Scope 3 emissions of roughly 3.64 billion kg CO2e. The largest contributor to their Scope 3 emissions is the use of sold products, accounting for approximately 3.52 billion kg CO2e. In 2023, CAF's total emissions were approximately 3.59 billion kg CO2e, with Scope 1 at 28.84 million kg CO2e, Scope 2 (market-based) at 7.59 million kg CO2e, and Scope 3 at 3.55 billion kg CO2e.

CAF has committed to several climate targets validated by the Science Based Targets initiative (SBTi). The CAF Group aims to achieve net-zero greenhouse gas emissions across its value chain by 2045, with a 2019 base year. Near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 54.7% by 2030 from a 2019 base year. Additionally, CAF Group commits to reducing Scope 3 GHG emissions from the use of sold products by 55% per passenger-kilometre within the same timeframe (by 2030 from a 2023 base year). Long-term targets include a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2045 from a 2019 base year, and a 97% reduction in Scope 3 GHG emissions from the use of sold products per passenger-kilometre by 2045 from a 2019 base year. CAF has also set an intermediate target to reduce Scope 3 downstream emissions by 40% by 2026, compared to 2019.