Franke, officially known as Franke Group, is a leading global provider of kitchen systems and foodservice solutions, headquartered in Switzerland (CH). Established in 1911, the company has evolved significantly, marking key milestones in innovation and design within the industry. With a strong presence in Europe, North America, and Asia, Franke excels in creating high-quality kitchen sinks, taps, and foodservice equipment. Renowned for their commitment to sustainability and functionality, Franke's products stand out due to their superior craftsmanship and innovative technology. The company has garnered a solid market position, recognised for its dedication to enhancing the culinary experience. With a rich heritage and a focus on customer-centric solutions, Franke continues to shape the future of kitchen and foodservice design.
How does Franke'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.
Mean score of companies in the Iron and Steel Production 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.
Franke's score of 21 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Franke Group reported total greenhouse gas emissions of approximately 651,000 kg CO2e in Germany, comprising 164,000 kg CO2e from Scope 1 and 487,000 kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming to achieve net-zero greenhouse gas emissions across its entire value chain by 2050, with a base year of 2020. Franke has established near-term targets to reduce absolute Scope 1 and 2 emissions by 56% by 2030. Additionally, the company plans to cut Scope 3 emissions from purchased goods and services, capital goods, and upstream transportation and distribution by 32.5% by 2033. Long-term, Franke aims for a 90% reduction in both Scope 1 and 2 emissions by 2050, as well as a 90% reduction in Scope 3 emissions within the same timeframe. These targets are part of a broader strategy to transition to renewable energy sources, including hydro power and photovoltaic systems, to achieve CO2 neutrality at its production site in Aarburg by 2050. The emissions data and targets are cascaded from its parent company, Franke Holding AG, which oversees the company's sustainability initiatives.
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.
Franke 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.