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European Climate Pact

Overview

Location

Germany

Sector

Capital goods

Organisation type
Business

Company Information

The Voith Group is a manufacturer of machinery for the paper industry, technical equipment for hydroelectric power plants and drive and braking systems.The company is headquartered in Heidenheim an der Brenz, Germany and reported 19,918 employees and a revenue of 4.3 billion Euro in 2021.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Voith Group has a target to reduce intensity of scopes 1 and 2 CO2e emissions 35% per  value added (EUR) by 2025 from a base year of 2017. This is a year-on-year reduction rate of 4.4% per  value added (EUR) over the next 4 years
  • Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • Voith Group have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings​​​​​​​

​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022