Siegwerk Druckfarben Ag And Co Kgaa

In 2022, Siegwerk Druckfarben AG & Co KGaA reported significant carbon emissions, with total Scope 3 emissions amounting to approximately 935,556,000 kg CO2e. This included emissions from purchased goods and services (about 865,335,000 kg CO2e), capital goods (approximately 23,373,000 kg CO2e), and other categories such as business travel and employee commute. In 2020, the company recorded Scope 1 emissions of about 14,149,000 kg CO2e and Scope 2 emissions of approximately 22,322,000 kg CO2e, leading to a combined total of around 36,471,000 kg CO2e for these two scopes. Siegwerk has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 42% by 2030 from a 2020 baseline. Additionally, Siegwerk plans to transition to 100% renewable electricity sourcing by 2025 and maintain this commitment through 2030. For Scope 3 emissions, the company aims to achieve a 25% reduction from purchased goods and services by 2030. Long-term goals include a 90% reduction in absolute Scope 1 and 2 emissions and a similar 90% reduction in Scope 3 emissions by 2050, with the target boundaries encompassing biogenic land-related emissions and removals from bioenergy feedstocks. These initiatives reflect Siegwerk's commitment to sustainability and alignment with industry standards for climate action.