Caf
Caf, officially known as Construcciones y Auxiliar de Ferrocarriles, is a leading global player in the rail transport industry, headquartered in Valencia, Spain (VE). Founded in 1917, the company has established a strong presence in various operational regions, including Europe, Latin America, and Asia, providing innovative solutions for urban and intercity transport systems. Caf specialises in the design, manufacture, and maintenance of rolling stock, including trains, trams, and metro systems. Their commitment to sustainability and cutting-edge technology sets them apart, with a focus on energy-efficient and environmentally friendly transport solutions. Over the years, Caf has achieved significant milestones, including numerous contracts for high-speed rail projects, solidifying its position as a trusted partner in the global rail sector.
DitchCarbon Score
How does Caf'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 Financial Intermediation 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
Caf's score of 29 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Caf's reported carbon emissions
In 2023, Corporación Andina de Fomento (CAF), headquartered in Venezuela, reported total carbon emissions of approximately 12,703,300 kg CO2e. This figure includes 145,150 kg CO2e from Scope 1 emissions, 1,251,640 kg CO2e from Scope 2 emissions, and a significant 11,306,510 kg CO2e from Scope 3 emissions. Comparatively, in 2022, CAF's global emissions were about 6,109,000 kg CO2e, with Scope 1 emissions at 102,000 kg CO2e, Scope 2 at 1,202,000 kg CO2e, and Scope 3 at 4,805,000 kg CO2e. This indicates a notable increase in emissions from 2022 to 2023. CAF has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action. The emissions data is not cascaded from any parent organization, indicating that these figures are solely representative of CAF's own operations. Overall, while CAF has made strides in reporting its emissions, the lack of reduction commitments highlights an area for potential improvement in its climate strategy.
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| 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 11,354,950 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 |
| Scope 2 | 1,053,120 | 0,000,000 | 00,000,000 | 0,000,000 | - | 0,000,000 | 0,000,000 |
| Scope 3 | 147,850 | 000,000 | - | - | - | 0,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Caf is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
