Voith
Voith GmbH & Co. KGaA, a renowned name in the engineering sector, is headquartered in Heidenheim, Germany. Established in 1867, Voith has evolved into a global leader, particularly in the fields of hydropower, paper, and rail technology. With a strong presence across Europe, North America, and Asia, the company is committed to innovation and sustainability. Voith's core offerings include advanced solutions in hydropower generation, paper production technology, and rail systems, distinguished by their efficiency and reliability. The company has achieved significant milestones, including pioneering developments in energy-efficient technologies. As a trusted partner in various industries, Voith is recognised for its commitment to quality and customer satisfaction, solidifying its position as a key player in the global market.
DitchCarbon Score
How does Voith'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 Computer 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
Voith's score of 40 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Voith's reported carbon emissions
In 2023, Voith GmbH & Co. KGaA reported total carbon emissions of approximately 88,663,000 kg CO2e, comprising 56,555,000 kg CO2e from Scope 1 and 32,108,000 kg CO2e from Scope 2 emissions. Over the years, Voith has demonstrated a commitment to reducing its carbon footprint, with significant reductions noted in recent years. For instance, emissions in 2022 were about 101,957,000 kg CO2e, indicating a downward trend. Voith has set ambitious targets to further decrease its emissions. The company aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50.4% by FY2032, using FY2022 as the baseline. Additionally, Voith is committed to a 30% reduction in Scope 3 emissions from the use of sold products within the same timeframe. Looking further ahead, Voith plans to achieve a 90% reduction in CO2 emissions at its locations by the end of 2049/50, compared to 2016/17 levels. These targets align with industry standards and reflect Voith's dedication to sustainability and climate action, as they prepare to submit their long-term goals for validation by the Science Based Targets initiative (SBTi).
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 30,554,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 122,614,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 28,755,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | - |
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.
Voith 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.
