Festo SE & Co. KG Sustainability Profile
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 59 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Festo SE & Co. KG's reported carbon emissions
In 2024, Festo SE & Co. KG reported total carbon emissions of approximately 13,788,340,000 kg CO2e. This includes Scope 1 emissions of about 26,441,000 kg CO2e and Scope 3 emissions amounting to approximately 13,761,000,000 kg CO2e, with significant contributions from the use of sold products (about 13,238,347,000 kg CO2e) and purchased goods and services (approximately 340,420,000 kg CO2e). In 2023, the company recorded total emissions of around 13,542,397,000 kg CO2e, with Scope 1 emissions at about 25,820,000 kg CO2e and Scope 2 emissions of approximately 8,087,000 kg CO2e. The Scope 3 emissions for that year were approximately 13,508,000,000 kg CO2e, again highlighting the substantial impact of the use of sold products. Festo has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 64.3% by 2030 from a 2022 baseline, and to cut Scope 3 emissions by 25% within the same timeframe. Long-term goals include a 90% reduction in absolute Scope 1 and 2 emissions by 2040 and a 90% reduction in Scope 3 emissions by 2050, both from the 2022 baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Festo's commitment to addressing climate change through significant emissions reductions across all scopes.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 30,762,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 38,688,000 | 0,000,000 | - |
| Scope 3 | 13,962,668,000 | 00,000,000,000 | 00,000,000,000 |
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Festo SE & Co. KG's Scope 3 Categories Breakdown
Festo SE & Co. KG's Scope 3 emissions, which increased by 2% last year and decreased by approximately 1% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 96% of Scope 3 emissions.
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Festo SE & Co. KG'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.
Festo SE & Co. KG has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Festo SE & Co. KG's sustainability data and climate commitments