Torqeedo GmbH Sustainability Profile
Torqeedo GmbH, a leading innovator in the electric marine propulsion industry, is headquartered in Germany. Founded in 2005, the company has established itself as a pioneer in sustainable boating solutions, focusing on electric outboard motors, inboard drives, and complete propulsion systems. With a commitment to reducing emissions and enhancing energy efficiency, Torqeedo's products are designed for both recreational and commercial applications. The company operates globally, with significant presence in Europe, North America, and Asia. Torqeedo's core offerings, including the award-winning Travel and Cruise series, are distinguished by their advanced technology and integration with solar power systems. Recognised for its contributions to eco-friendly boating, Torqeedo has garnered numerous accolades, solidifying its position as a market leader in the transition to electric marine transport.
DitchCarbon Score
How does Torqeedo 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 Motor Vehicle 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
Torqeedo GmbH's score of 24 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Torqeedo GmbH, headquartered in Germany (DE), currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Yamaha Motor Co., Ltd., which may influence its climate commitments and emissions reporting. As of now, Torqeedo has not outlined any specific reduction targets or initiatives in its climate strategy. However, it is important to note that emissions data and performance metrics may be inherited from its parent company, Yamaha Motor Co., Ltd., which is responsible for reporting on climate-related initiatives and performance at a higher corporate level. Given the absence of direct emissions data and reduction targets from Torqeedo, stakeholders may need to refer to Yamaha Motor Co., Ltd. for insights into broader corporate sustainability efforts and commitments. This context highlights the importance of corporate family relationships in understanding the climate impact and strategies of subsidiaries like Torqeedo.
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| 2010 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | - | - | - | - | - | 000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | - | - | - | - | - | 000,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Torqeedo GmbH's Industry?
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Torqeedo GmbH's Scope 3 Categories Breakdown
Torqeedo GmbH's Scope 3 emissions, which increased by 15% last year and increased by approximately 11% since 2016, 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 81% of Scope 3 emissions.
Top Scope 3 Categories
Torqeedo 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.
Torqeedo 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.
