Danfoss

Danfoss, headquartered in Denmark and operating in the electrical machinery and apparatus industry, reported its 2025 carbon emissions as approximately 110.2 billion kg CO2e. This total includes Scope 1 emissions of 118,149,000 kg CO2e, Scope 2 emissions (market-based) of 112,635,000 kg CO2e, and Scope 3 emissions of 109,999,247,000 kg CO2e. A significant portion of its Scope 3 emissions, approximately 106.3 billion kg CO2e, comes from the use of sold products.

Danfoss has set ambitious climate commitments, with several Science Based Targets initiative (SBTi) validated targets. The company aims for net-zero greenhouse gas emissions across its value chain by 2050, as well as near-term targets. These near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 90.0% by 2035 from a 2024 base year. Additionally, Danfoss commits to reducing Scope 3 GHG emissions from the use of sold products by 66.33% per Ton of refrigeration from sold compressors by 2035 from a 2024 base year. For overall Scope 3 emissions, Danfoss aims for a 97.0% reduction per EUR value added by 2050 from a 2024 base year.

Previously, Danfoss committed to reducing absolute Scope 1 and 2 GHG emissions by 46.2% by 2030 from a 2019 base year and absolute Scope 3 GHG emissions by 15% within the same timeframe, validated by SBTi. The company also has a goal to achieve carbon neutrality in its own operations by 2030, which involves a minimum of 90% absolute Scope 1 and 2 emissions reduction. Furthermore, Danfoss links its sustainability-linked bond to achieving a 75% reduction in absolute Scope 1 and 2 emissions by 2028, compared to a 2019 baseline.