Danfoss

Danfoss, headquartered in Denmark and operating in the Electrical machinery and apparatus sector, has disclosed its carbon emissions and climate commitments.

For 2025, Danfoss reported total Scope 1, 2, and 3 emissions of approximately 110.1 billion kg CO2e. This includes Scope 1 emissions of 118,149,000 kg CO2e, Scope 2 market-based emissions of 112,635,000 kg CO2e, and Scope 3 emissions of 109,999,247,000 kg CO2e. Key contributors to Scope 3 emissions in 2025 were the use of sold products (106,321,049,000 kg CO2e) and purchased goods and services (2,648,379,000 kg CO2e).

In 2024, Danfoss's total Scope 1, 2, and 3 emissions were approximately 112.5 billion kg CO2e. This comprised Scope 1 emissions of 131,760,000 kg CO2e, Scope 2 market-based emissions of 213,702,000 kg CO2e, and Scope 3 emissions of 112,205,302,000 kg CO2e. The largest Scope 3 categories were use of sold products (108,603,889,000 kg CO2e) and purchased goods and services (2,718,402,000 kg CO2e).

For 2022, Danfoss reported total Scope 1, 2, and 3 emissions of approximately 84.9 billion kg CO2e. This included Scope 1 emissions of 110,687,000 kg CO2e, Scope 2 market-based emissions of 284,917,000 kg CO2e, and Scope 3 emissions of 84,550,471,000 kg CO2e. Significant Scope 3 contributors were the use of sold products (79,243,677,000 kg CO2e) and purchased goods and services (4,014,366,000 kg CO2e).

Danfoss has set ambitious climate commitments, with all targets sourced directly from Danfoss A/S. The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050.

Near-term Science Based Targets Initiative (SBTi) commitments (from a 2024 base year) include:

• A 90.0% absolute Scope 1 GHG emissions reduction by 2035.
• A 90.0% absolute Scope 2 GHG emissions reduction by 2035.
• A 66.33% Scope 3 GHG emissions reduction from the use of sold products (per tonne of refrigeration from sold compressors) by 2035.

Long-term SBTi commitments (from a 2024 base year) include:

• Maintaining a minimum 90.0% absolute Scope 1 GHG emissions reduction from 2035 through 2050.
• Maintaining a minimum 90.0% absolute Scope 2 GHG emissions reduction from 2035 through 2050.
• A 97.0% Scope 3 GHG emissions reduction per EUR value added by 2050.

Additionally, Danfoss aims for carbon neutrality in its own operations (Scope 1 and 2) by 2030, equivalent to a minimum 90% absolute emissions reduction from a 2023 baseline. The company is also targeting a 75% reduction in absolute Scope 1 and 2 emissions by 2028, compared to a 2019 baseline. Furthermore, Danfoss has a near-term target to reduce total Scope 3 emissions by 25% by 2030, compared to a 2019 baseline, with a specific focus on reducing Scope 3.1 purchased goods and services emissions by 25% within the same timeframe.