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 42 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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Tts Tooltechnic Systems Ag & Co. KG's reported carbon emissions
In 2024, TTS Tooltechnic Systems AG & Co. KG reported total carbon emissions of approximately 418.4 million kg CO2e. This figure includes 5,632,000 kg CO2e from Scope 2 emissions and 412,783,000 kg CO2e from Scope 3 emissions, with no data available for Scope 1 emissions. In 2023, the total emissions were approximately 526.4 million kg CO2e, comprising 6,073,000 kg CO2e from Scope 2 and 520,362,000 kg CO2e from Scope 3. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 90% by 2050, using 2022 as the base year. Additionally, TTS Tooltechnic Systems AG & Co. KG has established near-term targets to cut Scope 1 and 2 emissions by 42% and Scope 3 emissions by 25% by 2030, also from a 2022 baseline. Furthermore, the company is committed to achieving net-zero emissions across its value chain by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's dedication to addressing climate change within the electrical equipment and machinery sector.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 1,262,000 | - | - | - |
| Scope 2 | 3,260,000 | 0,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Tts Tooltechnic Systems Ag & Co. KG's Industry?
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Tts Tooltechnic Systems Ag & Co. KG's Scope 3 Categories Breakdown
Tts Tooltechnic Systems Ag & Co. KG's Scope 3 emissions, which decreased by 21% last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Use of Sold Products" being the largest emissions source at 29% of Scope 3 emissions.
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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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Frequently Asked Questions
Common questions about Tts Tooltechnic Systems Ag & Co. KG's sustainability data and climate commitments