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European Climate Pact

Overview

Location

Germany

Sector

Manufacturing

Organisation type
Business

Company Information

ZF Friedrichshafen AG is a global technology company supplying systems for passenger cars, commercial vehicles, and industrial technology. The company is headquarted in Friedrichshafen, Germany. In 2021, it reported 52,450 employees and sales of 38.3 billion Euro.

Our progress towards decarbonization

 

GHG Emissions

North Star

  • ZF Friedrichshafen AG has a target to reduce absolute scopes 1 and 2 CO2e emissions 80% by 2030 from a base year of 2019

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • Have a target to increase renewable energy consumption
  • Have a target to improve energy efficiency 

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Water

Our actions – the Pathway

  • Work towards the yearly reduction of % of water withdrawn from areas with water stress 
  • Publicly disclose data on water-related impact to investors through a public platform
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Water 2022

 

Governance & Strategy

North Star

  • ZF Friedrichshafen AG have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

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
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022