In 2024, Festo joined the Science Based Targets initiative (SBTi). In doing so, we commit to reducing our greenhouse gas emissions (Scopes 1 – 3) in line with the Paris Agreement. Festo’s ambitious climate targets were given validation as scientifically sound by the SBTi in 2025. SBTi-Targets Short-term targets by 2030 – Reduction of absolute greenhouse gas emissions in Scope 1 and 2 by 64.3 percent compared with the base year 2022 – Reduction of absolute greenhouse gas emissions in Scope 3 by 25 percent compared with the base year 2022 Long-term target by 2040 – Reduction of absolute greenhouse gas emissions in Scope 1 and 2 by 90 percent compared with the base year 2022 Long-term target by 2050 – Reduction of absolute greenhouse gas emissions in Scope 3 by 90 percent compared with the base year 2022 “Net Zero” target by 2050 – Net zero greenhouse gas emissions along the entire value chain We and the SBTi continuously review our progress toward our targets. Since 2024, the entire Festo Group has been CO2e offset in terms of Scope 1 and CO2e-neutral in terms of Scope 2 – two years earlier than planned. Fundamentally, we are striving for efficient use of resources throughout all departments in Operations. This aim has been explicitly expanded by significant aspects such as energy efficiency and CO2e reduction in order to minimize our footprint. I ensure that these factors are implemented consistently in decisions with strategic relevance. Dr. Florian Denz, Head of Sustainable Operations at Festo 1. Environment Festo SE & Co. KG Sustainability Report 2024 Festo SE & Co. KG Sustainability Report 2024 18 19
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