KraussMaffei Group GmbH Sustainability Profile
KraussMaffei Group GmbH, a leading name in the machinery and plant engineering sector, is headquartered in Munich, Germany. Founded in 1838, the company has established itself as a pioneer in the production of injection moulding machines, extrusion systems, and reaction process machinery. With a strong presence in Europe, Asia, and the Americas, KraussMaffei serves diverse industries, including automotive, packaging, and medical technology. Renowned for its innovative solutions, KraussMaffei offers unique products that enhance efficiency and sustainability in manufacturing processes. The company has achieved significant milestones, including advancements in automation and digitalisation, solidifying its position as a market leader. With a commitment to quality and innovation, KraussMaffei continues to shape the future of industrial production.
DitchCarbon Score
How does KraussMaffei Group GmbH'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 Machinery and Equipment 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
KraussMaffei Group GmbH's score of 27 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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KraussMaffei Group GmbH's reported carbon emissions
In 2023, KraussMaffei Group GmbH reported total carbon emissions of approximately 608.999 million kg CO2e, which includes Scope 1 emissions of about 188.222 million kg CO2e and Scope 2 emissions of approximately 6.090 million kg CO2e. The company has set an ambitious target to reduce its direct (Scope 1) and indirect (Scope 2) emissions by 46.3% by 2030, aiming for a total of 635,000 tonnes CO2e, compared to a baseline of 1.182 million tonnes CO2e established in 2019. KraussMaffei's emissions data is cascaded from its parent company, China National Chemical Corporation Limited, reflecting a corporate family relationship. The company is committed to enhancing its sustainability practices and reducing its carbon footprint in alignment with industry standards.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 14,870,000 | 00,000,000 |
| Scope 2 | 8,178,000 | 00,000,000 |
| Scope 3 | - | - |
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KraussMaffei Group GmbH'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.
KraussMaffei Group GmbH has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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