Construcciones y Auxiliar de Ferrocarriles

Construcciones y Auxiliar de Ferrocarriles's reported carbon emissions

Construcciones y Auxiliar de Ferrocarriles (CAF), based in Spain and operating within the construction sector, reported approximately 3.68 billion kg CO2e in total emissions for 2024. This figure encompasses Scope 1 emissions of about 31.17 million kg CO2e, Scope 2 emissions (market-based) of approximately 7.27 million kg CO2e, and Scope 3 emissions totalling around 3.64 billion kg CO2e. Key contributors to their Scope 3 emissions include the use of sold products, purchased goods and services, and employee commutes. CAF has publicly stated its ambition to achieve Net Zero carbon emissions by 2045. To support this long-term goal, they have set intermediate targets, aiming for a 30.5% reduction in emissions by 2024, 35.3% by 2025, and 40% by 2026, all compared to a 2019 base year. This includes a commitment to reduce Scope 1 and 2 emissions by up to 30% and Scope 3 emissions (specifically related to the use of sold products) by up to 40% by 2045, relative to 2019 levels. Furthermore, CAF has set a target to reduce Scope 3 emissions from the use of sold products by 97% per passenger-kilometre by 2045. These targets have been validated by the Science Based Targets initiative (SBTi).