Franke Group

Franke Group's reported carbon emissions

Franke Group, headquartered in Switzerland and operating in the retail trade services of motor fuel industry, reported approximately 21.42 billion kg CO2e in total emissions for 2023. This figure encompasses Scope 1, 2, and 3 emissions. In 2023, Scope 2 emissions accounted for approximately 15.74 million kg CO2e, while Scope 3 emissions were significantly higher, totalling around 19.85 billion kg CO2e. Major contributors within Scope 3 include the use of sold products (approximately 18.55 billion kg CO2e) and purchased goods and services (approximately 1.19 billion kg CO2e). Scope 1 emissions data was not disclosed for 2023. Franke Group has set ambitious climate commitments. They aim to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 56.0% by 2030, with a 2020 base year. This near-term target is part of a broader long-term vision to reach net-zero GHG emissions across their value chain by 2050, also from a 2020 base year. The company further commits to a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2050. For Scope 3 emissions, Franke Group has a target to reduce them by 32.5% by 2033 from a 2020 base year, covering purchased goods and services, capital goods, and upstream transportation and distribution. The company's commitment to achieving net-zero emissions across its value chain by 2050 is aligned with the Science Based Targets initiative (SBTi) and aims for reductions consistent with keeping warming to 1.5°C.