Voith Sustainability Profile
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 Machinery and Equipment 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 63% 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 2024, Voith GmbH & Co. KGaA reported total greenhouse gas emissions of approximately 79,700,000 kg CO2e, comprising 51,339,000 kg CO2e from Scope 1 and 28,361,000 kg CO2e from Scope 2. In 2023, the company recorded total emissions of about 89,182,000 kg CO2e, with Scope 1 emissions at 57,557,000 kg CO2e and Scope 2 emissions at 31,625,000 kg CO2e. Voith has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 emissions by 50.4% by FY2032 from a FY2022 baseline. Additionally, the company targets a 30% reduction in Scope 3 emissions from the use of sold products within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. Furthermore, Voith has committed to a long-term goal of reducing CO2 emissions at its locations by 90% by the end of 2049/50 compared to 2016/17 levels, with plans to submit these targets for validation by the SBTi. The company’s emissions data is cascaded from its parent organization, Voith GmbH & Co. KGaA, ensuring a comprehensive approach to sustainability across its operations.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 32,728,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 2 | 127,196,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 3 | 16,417,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | - | - |
How Carbon Intensive is Voith's Industry?
How Carbon Intensive is Voith's Location?
Voith's Scope 3 Categories Breakdown
Voith's Scope 3 emissions, which decreased by 11% last year and decreased by approximately 28% since 2015, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 8% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Voith'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.
Voith 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.
Frequently Asked Questions
Common questions about Voith's sustainability data and climate commitments