Festo SE & Co. KG

Festo SE & Co. KG, headquartered in Germany, reported approximately 13.79 billion kg CO2e in total Scope 1, 2, and 3 emissions for 2024. Their Scope 1 emissions were approximately 26.44 million kg CO2e, and Scope 2 (location-based) emissions were about 59.70 million kg CO2e. Key Scope 3 contributors included about 13.24 billion kg CO2e from use of sold products and around 340.42 million kg CO2e from purchased goods and services.

Looking at previous years, Festo SE & Co. KG's total emissions were approximately 13.54 billion kg CO2e in 2023 and about 14.03 billion kg CO2e in 2022.

Festo SE & Co. KG has Science Based Targets initiative (SBTi) approved reduction targets. They are committed to reaching net-zero greenhouse gas emissions across their value chain by 2050. Their near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 64.3% by 2030, from a 2022 base year. Additionally, they aim to reduce absolute Scope 3 GHG emissions by 25% within the same timeframe. For long-term goals, Festo SE & Co. KG commits to a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2040 (from a 2022 base year) and a 90% reduction in absolute Scope 3 GHG emissions by 2050 (from a 2022 base year).