Tts Tooltechnic Systems Ag & Co. KG Sustainability Profile
TTS Tooltechnic Systems AG & Co. KG, commonly known as Festool, is a leading manufacturer in the power tools and woodworking industry, headquartered in Germany. Established in 1925, the company has built a strong reputation for innovation and quality, particularly in professional woodworking and construction sectors. With a focus on precision engineering, TTS offers a range of unique products, including high-performance saws, sanders, and dust extraction systems. Their commitment to creating tools that enhance efficiency and craftsmanship sets them apart in a competitive market. Recognised for their exceptional durability and user-friendly design, Festool products are widely used by professionals across Europe and beyond. The company continues to maintain a strong market position, driven by a dedication to excellence and continuous improvement in tool technology.
DitchCarbon Score
How does Tts Tooltechnic Systems Ag & Co. KG'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
Tts Tooltechnic Systems Ag & Co. KG's score of 32 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tts Tooltechnic Systems Ag & Co. KG's reported carbon emissions
In 2022, TTS Tooltechnic Systems AG & Co. KG reported total greenhouse gas emissions of approximately 2,046,000 kg CO2e globally, with 2,043,000 kg CO2e attributed to Scope 1 emissions and no reported Scope 2 emissions. In the Czech Republic, the company recorded about 1,143,000 kg CO2e in Scope 1 emissions and approximately 1,040,000 kg CO2e in Scope 2 emissions, leading to a combined total of around 2,183,000 kg CO2e for Scope 1 and 2. TTS Tooltechnic Systems has set ambitious climate commitments, aiming to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030 from a 2022 base year. Furthermore, the company has committed to a long-term target of achieving a 90% reduction in absolute Scope 1, Scope 2, and Scope 3 emissions by 2050, also from a 2022 baseline. The Scope 3 emissions target includes a 25% reduction by 2030. Additionally, TTS Tooltechnic Systems has pledged to reach net-zero greenhouse gas emissions across its entire value chain by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's commitment to addressing climate change and reducing its carbon footprint in the electrical equipment and machinery sector.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 1,262,000 | 0,000,000 |
| Scope 2 | 3,260,000 | - |
| Scope 3 | - | - |
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Tts Tooltechnic Systems Ag & Co. KG'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.
Tts Tooltechnic Systems Ag & Co. KG has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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