Grundfos Sustainability Profile
Grundfos, officially known as Grundfos Holding A/S, is a leading global pump manufacturer headquartered in Denmark (DK). Founded in 1945, the company has established a strong presence in key operational regions, including Europe, North America, and Asia. Specialising in advanced pump solutions and water technology, Grundfos focuses on energy efficiency and sustainability, making significant strides in the industry. The company’s core products include circulator pumps, submersible pumps, and dosing systems, all designed to optimise water management and reduce energy consumption. Grundfos is recognised for its innovative approach, having achieved numerous accolades for its commitment to sustainability and smart water solutions. With a robust market position, Grundfos continues to set benchmarks in the pump industry, driving advancements that benefit both businesses and communities worldwide.
DitchCarbon Score
How does Grundfos'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 Electrical Machinery Manufacturing 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
Grundfos's score of 59 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grundfos's reported carbon emissions
In 2023, Grundfos, headquartered in Denmark (DK), reported total carbon emissions of approximately 94,109,000 kg CO2e. This figure includes 25,485,000 kg CO2e from Scope 1 emissions and 68,624,000 kg CO2e from Scope 2 emissions (market-based). Notably, their Scope 3 emissions were significantly higher, totalling about 105,567,852,000 kg CO2e, with the largest contributions from the use of sold products (approximately 104,281,692,000 kg CO2e) and upstream transportation and distribution (about 69,540,000 kg CO2e). Comparatively, in 2022, Grundfos's total emissions were about 100,323,000 kg CO2e, with Scope 1 emissions at 28,182,000 kg CO2e and Scope 2 emissions (market-based) at 72,141,000 kg CO2e. Their Scope 3 emissions for that year were approximately 116,636,378,000 kg CO2e. Grundfos has set ambitious climate commitments, aiming for net-zero emissions by 2050, which includes a 90% reduction in absolute emissions and the removal of residual emissions. Additionally, they are targeting a 50% reduction in Scope 1 and 2 greenhouse gas emissions by 2030, using 2020 as the base year. The emissions data reported by Grundfos is cascaded from their parent company, Grundfos A/S, reflecting their commitment to sustainability and climate action within the industry.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 28,853,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 90,017,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 119,602,016,000 | - | - | 000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is Grundfos's Industry?
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Grundfos's Scope 3 Categories Breakdown
Grundfos's Scope 3 emissions, which decreased by 9% last year and decreased by approximately 12% since 2019, 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 99% of Scope 3 emissions.
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Grundfos'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.
Grundfos 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.
