Formel D Group
Formel D Group, a leading provider of engineering and quality services, is headquartered in Germany and operates extensively across Europe, Asia, and North America. Founded in 1993, the company has established itself as a key player in the automotive and manufacturing industries, offering a range of services that include quality assurance, logistics, and technical support. With a commitment to innovation and excellence, Formel D Group stands out for its tailored solutions that enhance production processes and ensure product quality. The company has achieved significant milestones, including partnerships with major automotive manufacturers, solidifying its market position as a trusted service provider. Known for its expertise and customer-centric approach, Formel D Group continues to drive advancements in engineering and quality management, making it a vital partner in the global automotive landscape.
DitchCarbon Score
How does Formel D Group'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 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
Formel D Group's score of 42 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Formel D Group's reported carbon emissions
In 2023, Formel D Group reported total carbon emissions of approximately 1,169,140,000 kg CO2e. This figure includes 169,914,000 kg CO2e from Scope 1 emissions, 37,961,000 kg CO2e from Scope 2 emissions, and 1,138,145,700 kg CO2e from Scope 3 emissions, with a significant portion of Scope 3 emissions attributed to purchased goods and services, amounting to about 1,066,129,000 kg CO2e. Over the years, Formel D Group has demonstrated a commitment to reducing its carbon footprint. From 2022 to 2023, the company achieved a notable reduction in Scope 1 emissions, decreasing from approximately 284,879,000 kg CO2e to 169,914,000 kg CO2e. Additionally, Scope 2 emissions saw a reduction from about 55,861,000 kg CO2e to 37,961,000 kg CO2e during the same period. Despite these reductions, there are currently no documented reduction targets or climate pledges from Formel D Group, indicating a potential area for future commitment and improvement in their climate strategy. The company continues to focus on enhancing its sustainability practices within the industry context.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 322,573,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 108,631,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,341,498,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Formel D Group is not committed to any 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.
