Voith GmbH & Co. KGaA, a prominent player in the machinery and equipment sector, is headquartered in Germany. Established in 1867, Voith has evolved into a global leader, particularly in the fields of hydropower, paper, and industrial services. With a strong presence in Europe, North America, and Asia, the company is renowned for its innovative solutions that enhance efficiency and sustainability.
Voith's core offerings include advanced drive systems, automation technology, and paper production machinery, distinguished by their reliability and cutting-edge technology. The company has achieved significant milestones, including numerous patents and awards for its contributions to engineering excellence. As a trusted partner in various industries, Voith continues to set benchmarks in quality and performance, solidifying its market position as a key innovator in the machinery and equipment landscape.
-1 vs industry average
Voith’s score of 24 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Machinery and Equipment has above-average carbon intensity
Industry performance
The Machinery and Equipment industry has reduced its overall emissions by 12% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Voith's reported carbon emissions
Voith's Carbon Emissions and Climate Commitments: A Summary
Voith, headquartered in Germany and operating within the machinery and equipment sector, has established significant commitments to reducing its carbon footprint. The company aims to achieve ambitious emissions reduction targets, demonstrating its dedication to climate action.
Recent Emissions Data:
- 2024: Voith reported Scope 1 emissions of approximately 51,339,000 kg CO2e and Scope 2 emissions of approximately 28,361,000 kg CO2e. The combined Scope 1 and 2 emissions for 2024 totalled approximately 79,700,000 kg CO2e.
- 2023: In 2023, Voith's Scope 1 emissions were approximately 57,557,000 kg CO2e, with Scope 2 emissions at approximately 31,625,000 kg CO2e. The combined Scope 1 and 2 emissions for this year were approximately 89,182,000 kg CO2e.
Climate Commitments and Targets:
Voith has set forth several key climate targets, aligning with international sustainability frameworks:
- Scope 1 & 2 Reduction: Voith is committed to reducing its Scope 1 and 2 greenhouse gas (GHG) emissions by 50.4% by Fiscal Year 2032, using FY2022 as the base year. This target is recognised by the Science Based Targets initiative (SBTi) as being consistent with limiting warming to 1.5°C.
- Scope 3 Reduction: The company also commits to a 30% reduction in absolute Scope 3 GHG emissions from the use of sold products within the same timeframe (by FY2032 from a FY2022 base year). This target is also aligned with SBTi's 1.5°C pathway.
- Location-Based Reductions: Voith has set internal targets to reduce CO2 emissions at its locations by 90% by the end of 2049/2050, with 2016/17 serving as the baseline year. This initiative is currently being prepared for validation by the SBTi.
Data Cascading:
Voith's emissions data and targets are cascaded from its ultimate parent company, Voith GmbH & Co. KGaA. Initiatives such as SBTi, CDP, RE100, CA100, RTZ, and the Climate Pledge are reported at the parent company level, with Voith GmbH & Co. KGaA acting as the primary reporting entity.
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Voith’s Climate Goals (2030 & 2050)
2 goals2049
90% reduction in Scope 2
we will then submit it to the SBTi for validation. Until then, the targets we have already set will continue to apply, including reducing CO…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Voith
Frequently asked questions
Common questions about Voith’s sustainability data and climate commitments
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