Festo SE & Co. KG

Festo SE & Co. KG's reported carbon emissions

Festo SE & Co. KG's carbon emissions for 2024 totalled approximately 13.8 billion kg CO2e, encompassing Scope 1, Scope 2, and Scope 3 emissions. In the same year, Scope 1 emissions were approximately 26.4 million kg CO2e, while Scope 2 emissions were reported as 0 kg CO2e. Scope 3 emissions accounted for the vast majority, at approximately 13.7 billion kg CO2e, with the largest contributions from the 'use of sold products' category (approximately 13.2 billion kg CO2e) and 'purchased goods and services' (approximately 340.4 million kg CO2e). For 2023, total emissions were approximately 13.5 billion kg CO2e. Scope 1 emissions were around 25.8 million kg CO2e, and Scope 2 emissions were 0 kg CO2e. Scope 3 emissions were approximately 13.5 billion kg CO2e, with the 'use of sold products' contributing around 13.0 billion kg CO2e. In 2022, Festo SE & Co. KG reported total emissions of approximately 14.0 billion kg CO2e. Scope 1 emissions were approximately 30.8 million kg CO2e, and Scope 2 emissions were approximately 31.7 million kg CO2e. Scope 3 emissions were approximately 13.9 billion kg CO2e, with 'use of sold products' being the largest contributor at approximately 13.4 billion kg CO2e. Festo SE & Co. KG has set ambitious climate targets, including a commitment to reach net-zero greenhouse gas emissions across its value chain by 2050. This long-term ambition is supported by nearer-term goals, such as a commitment to reduce absolute Scope 1 and 2 GHG emissions by 64.3% by 2030, using 2022 as a base year. Additionally, the company aims to reduce absolute Scope 3 GHG emissions by 25% within the same timeframe. Further long-term objectives include reducing absolute Scope 1 and 2 GHG emissions by 90% by 2040, and absolute Scope 3 GHG emissions by 90% by 2050, both from a 2022 baseline. These targets are aligned with keeping global warming to 1.5°C.