Festo SE & Co. KG
Festo SE & Co. KG, a leading global player in automation technology and technical education, is headquartered in Esslingen, Germany. Founded in 1925, the company has established a strong presence in Europe, Asia, and the Americas, providing innovative solutions across various industries, including manufacturing, automotive, and process automation. Festo is renowned for its core products, such as pneumatic and electric drive technology, as well as automation solutions that enhance productivity and efficiency. Their commitment to research and development has led to significant milestones, including advancements in Industry 4.0 technologies. With a reputation for quality and reliability, Festo holds a prominent market position, serving customers in over 250 industries worldwide and continually pushing the boundaries of engineering excellence.
DitchCarbon Score
How does Festo SE & Co. KG'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 Real Estate Services 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
Festo SE & Co. KG's score of 30 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Festo SE & Co. KG's reported carbon emissions
Festo SE & Co. KG, headquartered in Germany, has set ambitious climate commitments aimed at achieving net-zero greenhouse gas emissions across its entire value chain by 2050. Although specific emissions data for the most recent year is not available, the company has established significant near-term targets. By 2030, Festo aims to reduce its absolute Scope 1 and 2 emissions by approximately 64.3% from a 2022 baseline. Additionally, it plans to cut its absolute Scope 3 emissions by about 25% within the same timeframe. Looking further ahead, Festo has committed to a long-term goal of reducing its absolute Scope 1 and 2 emissions by 90% by 2040, alongside a similar 90% reduction in Scope 3 emissions. These targets align with the Science Based Targets initiative (SBTi) and are designed to support global efforts to limit temperature rise to 1.5°C. Festo's proactive approach underscores its commitment to sustainability and climate action within the electrical equipment and machinery sector.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Festo SE & Co. KG is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
