Construcciones y Auxiliar de Ferrocarriles

Construcciones y Auxiliar de Ferrocarriles (CAF) in Spain, operating within the construction work industry, has set ambitious climate targets. The company aims to achieve Net Zero carbon emissions by 2045, with interim targets aligning with a 1.5°C warming scenario as validated by the Science Based Targets initiative (SBTi).

For 2026, CAF has set an absolute reduction target for Scope 1 and 2 GHG emissions of 30% compared to the 2019 base year. Further long-term goals include a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2045, also based on 2019 figures. Concurrently, CAF targets a 97% reduction in Scope 3 GHG emissions from the use of sold products per passenger-kilometre by 2045.

In terms of reported emissions, for the reporting year 2024, CAF reported a total of approximately 3.68 billion kg CO2e. This breaks down into Scope 1 emissions of approximately 31.17 million kg CO2e, and Scope 2 emissions (market-based) of approximately 7.27 million kg CO2e. Scope 3 emissions were significantly higher, totalling approximately 3.64 billion kg CO2e, with the use of sold products representing the largest contributor within this scope.

For the reporting year 2023, CAF reported total emissions of approximately 3.59 billion kg CO2e. This comprised approximately 28.84 million kg CO2e for Scope 1 and approximately 7.59 million kg CO2e for Scope 2 (market-based). Scope 3 emissions for this period were approximately 3.55 billion kg CO2e.

In 2022, CAF's total emissions were approximately 3.04 billion kg CO2e, with Scope 1 emissions at approximately 30.31 million kg CO2e and Scope 2 (market-based) at approximately 7.31 million kg CO2e. Scope 3 emissions for 2022 were approximately 3.00 billion kg CO2e.

For 2021, total emissions were approximately 3.05 billion kg CO2e, with Scope 1 at approximately 28.67 million kg CO2e and Scope 2 (market-based) at approximately 16.41 million kg CO2e. Scope 3 emissions for 2021 were approximately 3.05 billion kg CO2e.

In 2020, CAF reported Scope 1 emissions of approximately 19.39 million kg CO2e and Scope 2 emissions of approximately 16.25 million kg CO2e. Scope 3 data was not disclosed for this year.

For 2019, CAF reported total emissions of approximately 7.68 billion kg CO2e, including Scope 1 emissions of approximately 34.71 million kg CO2e and Scope 2 (market-based) emissions of approximately 19.64 million kg CO2e. Scope 3 emissions were approximately 7.62 billion kg CO2e.

CAF's commitment to Net Zero by 2045 is underpinned by SBTi-validated targets, including a 54.7% reduction in absolute Scope 1 and 2 GHG emissions by 2030 and a 55% reduction in Scope 3 GHG emissions from the use of sold products per passenger-kilometre within the same timeframe. The company is also a BA1.5 member, indicating alignment with SBTi's 1.5°C pathway.