RENK Group AG
RENK Group AG, headquartered in Augsburg, Germany, is a leading player in the engineering and manufacturing sector, specialising in high-performance drive systems and components. Founded in 1873, the company has established a strong presence in various operational regions, including Europe, Asia, and North America. With a focus on sectors such as rail, marine, and industrial applications, RENK offers a diverse range of products, including gearboxes, couplings, and test systems. Their commitment to innovation and quality sets them apart in the market, ensuring reliability and efficiency in demanding environments. Recognised for their engineering excellence, RENK Group AG has achieved significant milestones, solidifying its position as a trusted partner in the global market. The company continues to drive advancements in technology, contributing to sustainable solutions across multiple industries.
DitchCarbon Score
How does RENK Group AG'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 Transport Equipment 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
RENK Group AG's score of 34 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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RENK Group AG's reported carbon emissions
In 2024, RENK Group AG reported total carbon emissions of approximately 14,162,000 kg CO2e for Scope 1, 8,788,000 kg CO2e for Scope 2 (market-based), and a significant 14,789,075,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions primarily stem from the use of sold products, accounting for about 14,626,499,000 kg CO2e. RENK Group AG has set ambitious climate commitments, aiming for net-zero emissions in both Scope 1 and Scope 2 by 2050. This long-term target reflects their commitment to reducing their carbon footprint and aligns with global climate action goals. The initiative is part of their broader strategy to enhance sustainability and mitigate climate change impacts. The company has disclosed emissions data across all relevant scopes, demonstrating transparency in their environmental impact reporting. As of now, there are no specific targets set under the Science Based Targets initiative (SBTi), but their commitment to achieving net-zero emissions by 2050 is a significant step towards responsible corporate climate action.
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| 2024 | |
|---|---|
| Scope 1 | 14,162,000 |
| Scope 2 | 8,788,000 |
| Scope 3 | 14,789,075,000 |
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.
RENK Group AG is participating in some of the initiatives that 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.
