Danfoss

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022, 2017, 2016

Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2017244.5K tCO2e/year
2016233.7K tons CO2e/year

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • 25% increase of circular business revenues by 2030 from a 2023 baseline.

📅 Medium-term

  • 80% of newly developed products launched are covered by Danfoss circularity approach by 2030.

🌱 ESG Focus Areas

CircularityDecarbonizationDiversity, Equity & Inclusion

⚠️ Challenges & Risks +

  • Lack of universal consensus on approaches and methods to design products for circularity, and a common metric to quantify circularity.
  • Difficulty in identifying and selecting the right tools for assessing circularity from a wide range of existing approaches.
  • Balancing sustainability with factors such as quality, cost, customer needs, regulations, and market constraints.

📋 Report Information

Reporting Period: 2023
Frameworks: Ellen MacArthur Foundation's butterfly diagram, EN 45560, WBCSD’s circularity metrics