Woco Franz Josef Wolf Holding Sustainability Profile
Woco Franz Josef Wolf Holding, commonly referred to as Woco Group, is a prominent player in the automotive and industrial sectors, headquartered in Germany. Established in 1954, the company has evolved into a leader in the development and production of high-quality elastomer and plastic components, serving major markets across Europe, Asia, and the Americas. Woco Group is renowned for its innovative solutions in vibration control, sealing systems, and acoustic management, which are integral to enhancing vehicle performance and comfort. With a commitment to sustainability and cutting-edge technology, Woco has achieved significant milestones, including numerous industry awards for excellence in engineering and design. As a trusted partner to leading automotive manufacturers, Woco Group continues to solidify its market position through a focus on quality, reliability, and customer satisfaction.
DitchCarbon Score
How does Woco Franz Josef Wolf Holding'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
Woco Franz Josef Wolf Holding's score of 29 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Woco Franz Josef Wolf Holding's reported carbon emissions
In 2023, Woco Franz Josef Wolf Holding reported total carbon emissions of approximately 320.4 million kg CO2e. This figure includes Scope 1 emissions of about 2.7 million kg CO2e, Scope 2 emissions of approximately 46.3 million kg CO2e, and Scope 3 emissions amounting to around 271.4 million kg CO2e. The company has shown a reduction in total emissions from 2022, where emissions were approximately 377.0 million kg CO2e, indicating a decrease of about 56.6 million kg CO2e year-on-year. Woco's emissions profile highlights significant contributions from Scope 3, particularly from purchased goods and services, which accounted for about 212.0 million kg CO2e in 2023. The company has committed to near-term climate targets, although specific reduction targets have not been disclosed. Woco is not currently committed to a net-zero target. The emissions data is sourced from Woco Industrietechnik GmbH, reflecting the company's commitment to transparency in its climate impact reporting. As part of the automobiles and components sector, Woco is actively engaging in initiatives to reduce its carbon footprint, aligning with broader industry trends towards sustainability.
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| 2016 | 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,914,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 55,554,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 420,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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Woco Franz Josef Wolf Holding's Scope 3 Categories Breakdown
Woco Franz Josef Wolf Holding's Scope 3 emissions, which decreased by 15% last year and decreased by approximately 35% since 2016, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 78% of Scope 3 emissions.
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Woco Franz Josef Wolf Holding'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.
Woco Franz Josef Wolf Holding 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 Woco Franz Josef Wolf Holding's sustainability data and climate commitments