Construcciones y Auxiliar de Ferrocarriles

Construcciones y Auxiliar de Ferrocarriles (CAF) reported approximately 3.68 billion kg CO2e in total emissions for the year 2024. Of this total, Scope 1 emissions accounted for approximately 31.17 million kg CO2e, and Scope 2 emissions (market-based) were approximately 7.28 million kg CO2e. The majority of their reported emissions, approximately 3.64 billion kg CO2e, fall under Scope 3, with the largest contributors being the use of sold products (approximately 3.52 billion kg CO2e) and purchased goods and services (approximately 90.77 million kg CO2e).

CAF has set a long-term ambition to achieve Net Zero carbon emissions by 2045. This goal is supported by various intermediate targets, including a commitment to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by 30% by 2026, using 2019 as the base year. Furthermore, CAF aims for a 40% reduction in Scope 3 emissions by 2026, relative to the 2019 baseline. More broadly, the company has committed to reaching net-zero GHG emissions across its value chain by 2045. Science Based Targets initiative (SBTi) validation confirms some of these commitments, with targets for Scope 1 and 2 emissions reduction by 2030 being consistent with a 1.5°C warming scenario.