COWI Holding A/S

COWI Holding A/S: Carbon Emissions and Climate Commitments

Headquartered in Denmark, COWI Holding A/S, an organisation operating in the 'Other services (93)' industry, has reported comprehensive greenhouse gas (GHG) emissions data.

Emissions Performance:

• 2024: COWI Holding A/S reported a total of approximately 64,359,000 kg CO2e. This includes Scope 1 emissions of roughly 379,000 kg CO2e, Scope 2 market-based emissions of approximately 2,036,000 kg CO2e, and substantial Scope 3 emissions totalling around 61,945,000 kg CO2e. Key contributors to Scope 3 emissions in 2024 were purchased goods and services (approximately 47,723,000 kg CO2e), business travel (around 7,538,000 kg CO2e), and employee commute (approximately 5,627,000 kg CO2e).
• 2023: The company's total emissions for 2023 were approximately 63,025,000 kg CO2e. Scope 1 emissions were around 542,000 kg CO2e, Scope 2 market-based emissions were approximately 3,047,000 kg CO2e, and Scope 3 emissions stood at about 59,436,000 kg CO2e. Purchased goods and services were the largest component of Scope 3, contributing approximately 42,695,000 kg CO2e.
• 2022: In 2022, COWI Holding A/S reported total emissions of approximately 64,591,000 kg CO2e. Scope 1 emissions were about 562,000 kg CO2e, Scope 2 market-based emissions were approximately 2,027,000 kg CO2e, and Scope 3 emissions totalled around 62,002,000 kg CO2e.
• 2021: Total emissions for 2021 were approximately 42,326,000 kg CO2e, comprising Scope 1 emissions of roughly 666,000 kg CO2e, Scope 2 emissions of approximately 1,419,000 kg CO2e, and significant Scope 3 emissions of around 120,723,000 kg CO2e.
• 2020: The organisation reported total emissions of approximately 36,307,000 kg CO2e in 2020, with Scope 1 emissions at about 481,000 kg CO2e, Scope 2 emissions at approximately 1,901,000 kg CO2e, and Scope 3 emissions totalling around 33,925,000 kg CO2e.

Climate Commitments and Reduction Targets:

COWI Holding A/S has established ambitious climate targets, aligned with the Science Based Targets initiative (SBTi). These commitments are not cascaded from a parent organisation.

• Net-Zero Target: The company aims to achieve net-zero GHG emissions across all scopes by 2050, using 2022 as a baseline year.
• Near-Term Reduction Targets (by 2030):
  • A reduction of 42% in absolute Scope 1 and 2 GHG emissions.
  • A reduction of 25% in absolute Scope 3 GHG emissions.
• Long-Term Reduction Targets (by 2050):
  • A reduction of 90% in absolute Scope 1 and 2 GHG emissions.
  • A reduction of 90% in absolute Scope 3 GHG emissions.

COWI Holding A/S has also committed to phasing out carbon credits towards 2050, as part of its journey to becoming carbon-neutral. The company's targets are considered consistent with limiting warming to 1.5°C.