Voith

Voith's reported carbon emissions

Voith, headquartered in Germany, has demonstrated a commitment to reducing its carbon emissions. For the 2024 reporting year, Voith reported Scope 1 emissions of approximately 51,339,000 kg CO2e and Scope 2 emissions of approximately 28,361,000 kg CO2e, totalling around 79,700,000 kg CO2e for these scopes. In 2023, Scope 1 emissions were approximately 57,557,000 kg CO2e and Scope 2 emissions were approximately 31,625,000 kg CO2e, leading to a combined total of about 89,182,000 kg CO2e for these scopes. Voith has set ambitious climate targets. The company aims to reduce CO2 emissions at its locations by 90% by the end of 2049 or 2050, using 2016/17 as the base year for Scope 1 and Scope 2 emissions. Furthermore, Voith has committed to reducing absolute Scope 1 and 2 greenhouse gas emissions by 50.4% by FY2032, with FY2022 as the base year. This target is recognised by the Science Based Targets initiative (SBTi) as consistent with limiting warming to 1.5°C. Additionally, Voith commits to a 30% reduction in absolute Scope 3 greenhouse gas emissions from the use of sold products within the same timeframe. These targets are cascaded from Voith GmbH & Co. KGaA, indicating a consolidated approach to emissions reporting and reduction across the organisation.