Danfoss

Danfoss Climate Commitments and Emissions Overview

Danish electrical machinery and apparatus manufacturer Danfoss is committed to significant greenhouse gas (GHG) emissions reductions across its operations and value chain. The company has set ambitious targets aligned with the Science Based Targets initiative (SBTi), aiming for net-zero emissions by 2050.

Emissions Data:

For the reporting year 2025, Danfoss reported a total of approximately 112.0 billion kg CO2e. This figure comprises:

• Scope 1 emissions: Approximately 118.1 million kg CO2e
• Scope 2 emissions: Approximately 112.6 million kg CO2e (market-based)
• Scope 3 emissions: Approximately 109.9 billion kg CO2e

In the previous reporting year, 2024, Danfoss's total emissions were approximately 112.6 billion kg CO2e. This breakdown includes:

• Scope 1 emissions: Approximately 131.8 million kg CO2e
• Scope 2 emissions: Approximately 213.7 million kg CO2e (market-based)
• Scope 3 emissions: Approximately 112.2 billion kg CO2e

Climate Reduction Targets and Initiatives:

Danfoss has established a comprehensive set of climate targets:

• Net-Zero by 2050: The company is committed to achieving net-zero GHG emissions across its entire value chain by 2050.
• Scope 1 & 2 Emissions Reduction:
  • A commitment to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2030, compared to a 2019 baseline. This target is validated by the SBTi.
  • An additional commitment to reduce absolute Scope 1 and 2 emissions by 75% by 2028, compared to a 2019 baseline, linked to their sustainability-linked bond.
  • A longer-term target of achieving carbon neutrality in own operations by 2030, representing a minimum of 90% absolute Scope 1 and 2 emissions reduction.
  • New SBTi-validated near-term targets include a 90% absolute reduction in Scope 1 and 2 GHG emissions by 2035 from a 2024 base year.
  • Long-term targets include maintaining a minimum 90% absolute Scope 1 and 2 GHG emissions reduction from 2035 through 2050 from a 2024 base year.
• Scope 3 Emissions Reduction:
  • A commitment to reduce absolute Scope 3 GHG emissions by 15% by 2030, compared to a 2019 baseline, as validated by the SBTi.
  • A further commitment to reduce Scope 3.1 emissions (purchased goods and services) by 25% by 2030, relative to the 2019 baseline.
  • New SBTi-validated near-term targets include a 66.33% reduction in Scope 3 GHG emissions from the use of sold products per Ton of refrigeration from sold compressors by 2035, and a 66.33% reduction in Scope 3 GHG emissions per EUR value added by 2035, both from a 2024 base year.
  • A long-term target to reduce Scope 3 GHG emissions by 97.0% per EUR value added by 2050 from a 2024 base year.

These targets underscore Danfoss's dedication to sustainability within the electrical machinery and apparatus sector.