As short-term targets, we are committed to reducing absolute GHG emissions in Scopes 1 and 2 by 64.3 per cent by 2030 compared to the base year 2022. We want to reduce absolute GHG emissions in Scope 3 by 25 per cent in the same period.
In the long term, we are committed to reducing absolute GHG emissions in Scope 1 and 2 by 90 per cent by 2040 compared to the base year 2022. We want to reduce absolute GHG emissions in Scope 3 by 90 per cent by 2050 compared to the base year 2022.
In order to achieve the targets for Scopes 1 and 2, we are implementing a global infrastructure plan and pursuing a global green electricity strategy. We are also continuing to invest in energy efficiency measures and are expanding our photovoltaic (PV) systems.
To reduce GHG emissions along the value chain (Scope 3), we are focusing on the shortest possible supply chains through increasing regionalisation and the "local for local" concept. When it comes to our products, we take sustainability into account right from the start of the product development process. That enables us to optimise the carbon footprint in production and the energy consumption during operation.
Festo is a product of many hands created over generations. Our financial independence as a family-owned company enables us to shape our future. That is our mission. In doing so, we involve all our stakeholders – customers, employees, suppliers and society – in the collective and sustainable creation of value. With our expertise in automation and technical training, we increase our customers’ productivity and also create opportunities for the sustainable development of business, the environment and the community. That is our goal.
In our Sustainability Report 2024, we document our global responsibility using examples from 2024.