Ferrum AG Sustainability Profile
Ferrum AG, headquartered in Switzerland (CH), is a leading player in the financial technology sector, specialising in innovative solutions for the banking and finance industries. Founded in 1997, the company has established a strong presence across Europe and beyond, delivering cutting-edge software and services that enhance operational efficiency and customer engagement. Ferrum AG is renowned for its unique offerings, including advanced payment processing systems and comprehensive risk management tools. These products are designed to meet the evolving needs of financial institutions, ensuring compliance and security in an increasingly digital landscape. With a commitment to excellence, Ferrum AG has achieved significant milestones, positioning itself as a trusted partner for banks and financial service providers worldwide.
DitchCarbon Score
How does Ferrum AG's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ferrum AG's score of 46 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ferrum AG's reported carbon emissions
In 2023, Ferrum AG reported total carbon emissions of approximately 6,091,000,000 kg CO2e. This figure includes Scope 1 emissions of about 247,000,000 kg CO2e, Scope 2 emissions of around 137,000,000 kg CO2e, and significant Scope 3 emissions totalling approximately 5,707,000,000 kg CO2e. The combined Scope 1 and 2 emissions amounted to about 384,000,000 kg CO2e. Comparatively, in 2022, Ferrum AG's total emissions were approximately 8,206,000,000 kg CO2e, with Scope 1 at about 341,000,000 kg CO2e, Scope 2 at around 223,000,000 kg CO2e, and Scope 3 emissions reaching approximately 7,642,000,000 kg CO2e. The total for Scope 1 and 2 combined was about 564,000,000 kg CO2e. In 2021, the total emissions were approximately 15,415,000,000 kg CO2e, with Scope 1 at about 649,000,000 kg CO2e, Scope 2 at around 404,000,000 kg CO2e, and Scope 3 emissions at approximately 14,362,000,000 kg CO2e. Ferrum AG has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 carbon emissions by 50% by 2030, using 2019 as the baseline year. Additionally, the company is targeting net zero production for both Scope 1 and Scope 2 emissions by 2050. These commitments reflect Ferrum AG's dedication to addressing its carbon footprint and contributing to global climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 649,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 404,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 14,362,000,000 | 0,000,000,000 | 0,000,000,000 |
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Ferrum AG's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ferrum AG has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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