Grundfos Holding A/S Sustainability Profile
Grundfos Holding A/S, commonly known as Grundfos, 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 its products essential for various industries, including water supply, wastewater management, and heating. With a commitment to innovation, Grundfos has achieved significant milestones, such as pioneering smart pump technology and IoT integration. The company’s core offerings, including circulator pumps and submersible pumps, are distinguished by their reliability and energy-saving capabilities. Recognised for its market leadership, Grundfos continues to set industry standards, contributing to a more sustainable future through efficient water management solutions.
DitchCarbon Score
How does Grundfos Holding A/S'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 Business Services 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 Holding A/S's score of 89 is higher than 94% 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 Holding A/S's reported carbon emissions
In 2024, Grundfos Holding A/S reported total greenhouse gas emissions of approximately 112,116,501,000 kg CO2e. This includes 23,363,000 kg CO2e from Scope 1 emissions, 53,119,000 kg CO2e from Scope 2 emissions (market-based), and a significant 112,040,019,000 kg CO2e from Scope 3 emissions. The previous year, 2023, saw total emissions of about 125,318,071,000 kg CO2e, with Scope 1 at 25,485,000 kg CO2e, Scope 2 at 68,624,000 kg CO2e (market-based), and Scope 3 at 125,223,962,000 kg CO2e. Grundfos has set ambitious climate commitments, aiming to achieve net-zero greenhouse gas emissions across its value chain by 2050, using 2020 as the base year. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 50% by 2030 and Scope 3 emissions by 25% within the same timeframe. For long-term goals, Grundfos aims for a 90% reduction in both Scope 1 and 2 emissions by 2050, alongside a 90% reduction in Scope 3 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to maintaining global temperature rise within 1.5°C. The emissions data and targets are cascaded from Grundfos Holding A/S, which is the primary source of this information.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| 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 | 146,714,086,000 | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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Grundfos Holding A/S's Scope 3 Categories Breakdown
Grundfos Holding A/S's Scope 3 emissions, which decreased by 11% last year and decreased by approximately 24% since 2020, 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 Holding A/S'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 Holding A/S 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.
