ZF Commercial Vehicle Control Systems India Limited

ZF Commercial Vehicle Control Systems India Limited's reported carbon emissions

ZF Commercial Vehicle Control Systems India Limited, an entity within the automotive sector, has reported its carbon emissions for fiscal year 2022. In this period, the company's total greenhouse gas (GHG) emissions, encompassing Scope 1, 2, and 3, amounted to approximately 91.7 billion kg CO2e. Breaking down these figures, Scope 1 emissions were approximately 0.961 million kg CO2e, while Scope 2 emissions reached approximately 15.89 million kg CO2e (using the market-based approach). The majority of the company's footprint stemmed from Scope 3 emissions, totalling approximately 91.67 billion kg CO2e. Key contributors within Scope 3 included purchased goods and services, use of sold products, and capital goods. For fiscal year 2021, total GHG emissions were approximately 91.7 billion kg CO2e, with Scope 1 at approximately 0.961 million kg CO2e and Scope 2 at approximately 15.89 million kg CO2e (market-based). Scope 3 emissions for 2021 stood at approximately 91.67 billion kg CO2e. In fiscal year 2019, total emissions were approximately 104.7 billion kg CO2e, with Scope 1 at approximately 406 million kg CO2e and Scope 2 at approximately 1.37 billion kg CO2e (market-based). Scope 3 emissions for 2019 were approximately 102.7 billion kg CO2e. ZF Commercial Vehicle Control Systems India Limited's climate commitments are cascaded from its ultimate parent, ZF Friedrichshafen AG. ZF Friedrichshafen AG has set ambitious targets to reduce absolute Scope 1 and 2 GHG emissions by 80% by 2030, using a 2019 baseline year. Furthermore, ZF Commercial Vehicle Control Systems India Limited aims for a year-on-year reduction of 2% in its Scope 1 and 2 emissions compared to 2020 to achieve carbon neutrality by 2030. The company has also disclosed Scope 3 emission intensity data, with a value of approximately 2,320 kg CO2e per tonne for 2024 and 2025, indicating a focus on understanding and managing its value chain emissions.