Schaeffler

Schaeffler's total Scope 1, 2, and 3 emissions are projected to be approximately 13.3 billion kg CO2e in 2025. In 2024, their total emissions were about 10.5 billion kg CO2e, and in 2023, they were around 7.08 billion kg CO2e.

Looking at the individual scopes for 2025:

• Scope 1 emissions are estimated at approximately 209.5 million kg CO2e.
• Market-based Scope 2 emissions are projected to be about 5.58 million kg CO2e, while location-based Scope 2 emissions are around 1.04 billion kg CO2e.
• Scope 3 emissions are expected to reach approximately 13.1 billion kg CO2e, with significant contributors including purchased goods and services (about 8.65 billion kg CO2e) and use of sold products (about 2.93 billion kg CO2e).

Schaeffler, based in Germany and operating in the motor vehicles, trailers, and semi-trailers industry, has set ambitious climate commitments. Their near-term targets, validated by the Science Based Targets initiative (SBTi) and cascaded from Schaeffler AG, include reducing absolute Scope 1 and 2 GHG emissions by 90% by 2030 from a 2019 baseline. They also aim to reduce absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, and upstream transport & distribution by 25% within the same timeframe.

Furthermore, Schaeffler is working towards making its internal production (Scope 1 and 2) climate-neutral by 2030, with a target of eliminating 75% of production emissions by 2025. They also plan to reduce emissions from input and raw materials in the supply chain (Scope 3 upstream) by 25% by 2030. Another notable commitment is achieving 100% purchased power from renewable sources by 2024.