Syntegon

Syntegon's Climate Commitments and Emissions

Syntegon, headquartered in Germany and operating in financial intermediation services, has set ambitious climate targets. For 2025, the company reported total emissions of approximately 2.25 billion kg CO2e. This includes Scope 1 emissions of around 4.67 million kg CO2e, Scope 2 market-based emissions of approximately 2.67 million kg CO2e (or 7.08 million kg CO2e location-based), and substantial Scope 3 emissions totalling about 2.24 billion kg CO2e. Key contributors to Scope 3 emissions include use of sold products (approximately 2.07 billion kg CO2e), purchased goods and services (around 101.9 million kg CO2e), and downstream transportation and distribution (approximately 32.6 million kg CO2e).

Looking back, in 2024, Syntegon's Scope 1 emissions were approximately 4.74 million kg CO2e and Scope 2 emissions were around 7.80 million kg CO2e. In 2023, these figures were approximately 4.92 million kg CO2e for Scope 1 and 7.42 million kg CO2e for Scope 2. In 2022, the company reported Scope 1 and 2 emissions of about 19.86 million kg CO2e, alongside Scope 3 emissions of approximately 1.44 billion kg CO2e. For 2021, Scope 1 emissions were around 6.27 million kg CO2e and Scope 2 were about 10.13 million kg CO2e. Earlier data shows Scope 1 emissions of approximately 7.49 million kg CO2e, Scope 2 emissions of around 11.28 million kg CO2e, and Scope 3 emissions of approximately 619.89 million kg CO2e in 2020. In 2019, the base year for several targets, Syntegon reported Scope 1 emissions of approximately 8.25 million kg CO2e, Scope 2 emissions of about 11.47 million kg CO2e, and Scope 3 emissions of around 649.85 million kg CO2e.

Syntegon has set several near-term and long-term reduction targets:

• Overall GHG Emissions: The company aims to reduce its total greenhouse gas emissions by 25% by 2025 and 50% by 2030, both compared to a 2019 baseline.
• Scope 1 and 2 Emissions: Syntegon is committed to reducing its absolute Scope 1 and 2 GHG emissions by 48.3% by 2030, using 2019 as the base year. This target is validated by the Science Based Targets initiative (SBTi) as consistent with a 1.5°C warming scenario. Additionally, the company aims to reduce consumption from energy-intensive plants by 25% by 2025 compared to 2019, covering both Scope 1 and Scope 2.
• Scope 3 Emissions: Syntegon commits to reducing absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by 25% by 2030, using a 2022 base year.
• Climate Neutrality: Syntegon intends to become CO2-neutral by 2024 across all scopes. Long-term, the company aims for CO2 neutrality in Scope 1, Scope 2, and Scope 3 by 2050.