Festo SE & Co. KG
Festo SE & Co. KG, a leading global player in automation technology and technical education, is headquartered in Esslingen, Germany. Founded in 1925, the company has established a strong presence in Europe, Asia, and the Americas, providing innovative solutions across various industries, including manufacturing, automotive, and process automation. Festo is renowned for its core products, such as pneumatic and electric drive technology, as well as automation solutions that enhance productivity and efficiency. Their commitment to research and development has led to significant milestones, including advancements in Industry 4.0 technologies. With a reputation for quality and reliability, Festo holds a prominent market position, serving customers in over 250 industries worldwide and continually pushing the boundaries of engineering excellence.
DitchCarbon Score
How does Festo SE & Co. KG'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 Real Estate Services 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
Festo SE & Co. KG's score of 59 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Festo SE & Co. KG's reported carbon emissions
In 2024, Festo SE & Co. KG reported total carbon emissions of approximately 13,788,340,000 kg CO2e in Scope 3, with Scope 1 emissions at about 26,441,000 kg CO2e. The company has set ambitious climate commitments, aiming for a 64.3% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, compared to a 2022 baseline. Furthermore, Festo targets a significant 90% reduction in these emissions by 2040. For Scope 3 emissions, Festo has committed to a 25% reduction by 2030 and a 90% reduction by 2050, also based on 2022 levels. The company has pledged to achieve net-zero greenhouse gas emissions across its entire value chain by 2050. Festo's emissions data highlights the importance of addressing both direct and indirect emissions, with a clear focus on sustainable practices and long-term environmental responsibility.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 30,762,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 38,688,000 | 0,000,000 | - |
| Scope 3 | 14,032,118,000 | 00,000,000,000 | 00,000,000,000 |
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.
Festo SE & Co. KG is participating in some 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.
