Vitesco Technologies Sustainability Profile
Vitesco Technologies, a leading global provider of advanced powertrain technologies, is headquartered in Germany (DE) and operates extensively across Europe, Asia, and the Americas. Founded in 2019 as a spin-off from Continental AG, the company has quickly established itself in the automotive industry, focusing on electrification and sustainable mobility solutions. Vitesco Technologies offers a diverse range of products, including electric drive systems, hybrid solutions, and electronic control units, all designed to enhance vehicle efficiency and reduce emissions. Their commitment to innovation is evident in their cutting-edge technologies that support the transition to cleaner transportation. With a strong market position, Vitesco Technologies has achieved significant milestones, including partnerships with major automotive manufacturers and recognition for its contributions to sustainable mobility. The company continues to lead the way in shaping the future of the automotive powertrain landscape.
DitchCarbon Score
How does Vitesco Technologies'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
Vitesco Technologies's score of 43 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vitesco Technologies's reported carbon emissions
In 2023, Vitesco Technologies reported total carbon emissions of approximately 9,946,900,000 kg CO2e. This includes Scope 1 emissions of about 16,000,000 kg CO2e, Scope 2 emissions of approximately 4,000,000 kg CO2e, and a significant Scope 3 contribution of about 9,947,000,000 kg CO2e. The total emissions for 2022 were about 10,437,700,000 kg CO2e, indicating a reduction in emissions year-on-year. Vitesco Technologies has set ambitious climate commitments, aiming to achieve a 100% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2019 as the base year. Additionally, the company targets a 25% reduction in absolute Scope 3 emissions by 2030, with 2021 as the baseline year. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with the reductions required to limit global warming to 1.5°C. The emissions data for Vitesco Technologies is cascaded from its parent company, Vitesco Technologies Group Aktiengesellschaft, reflecting the company's commitment to transparency and accountability in its climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 28,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 3,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 13,098,000,000 | 00,000,000,000 | 0,000,000,000 |
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Vitesco Technologies's Scope 3 Categories Breakdown
Vitesco Technologies's Scope 3 emissions, which decreased by 5% last year and decreased by approximately 24% since 2021, 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 60% of Scope 3 emissions.
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Vitesco Technologies'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.
Vitesco Technologies 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 Vitesco Technologies's sustainability data and climate commitments