Vitesco Technologies
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 69% 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 9,966,000,000 kg CO2e. This figure includes Scope 1 emissions of about 16,000,000 kg CO2e, Scope 2 emissions of approximately 4,000,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 9,947,000,000 kg CO2e. The company's emissions data is cascaded from its parent company, Vitesco Technologies Group Aktiengesellschaft. 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 baseline year. Additionally, the company targets a 25% reduction in absolute Scope 3 emissions by 2030, with a 2021 baseline. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. In previous years, Vitesco Technologies reported emissions of approximately 10,465,000,000 kg CO2e in 2022 and about 13,100,000,000 kg CO2e in 2021, indicating a downward trend in emissions over the recent years. The company is committed to transparency and has disclosed emissions across all relevant scopes, demonstrating its dedication to sustainability within the automotive sector.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Vitesco Technologies is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
