Sustainability, dormakaba News

dormakaba is named as one of Europe’s Climate Leaders 2024 in the annual ranking of the Financial Times and Statista

Thursday, 25 April 2024

dormakaba is named as one of Europe’s Climate Leaders 2024 in the annual ranking of the Financial Times and Statista

dormakaba is among the 600 European companies, that are moving the fastest on decarbonization in parallel to financial growth. The Financial Times and Statista have published their annual list of companies that have achieved the greatest reduction in their greenhouse gas emissions intensity during the period of 2017-2022. 

All European companies with a minimum revenue of EUR 40 million in 2022, that independently report on their emissions data and have at least a B- score in their Carbon Disclosure Project (CDP) rating, were eligible for consideration. The ranking methodology is based on the annual reduction of Scope 1 and 2 emissions intensity relative to revenue during the period of 2017-2022, with a Compound Annual Reduction Rate (CARR) of more than 3%. Further criteria were also considered, including disclosure on Scope 3 emissions, commitment to CDP and the Science-based Targets initiative (SBTi), as well as progress on absolute emissions reductions.

"dormakaba has a strong commitment towards a low-carbon future, and living up to this we have been successfully delivering on our ambitious climate action plan. Therefore, I am very proud that dormakaba is among the 600 Climate Leaders in Europe, and it is also good to see some of our peers and customers on the list, committing for a common purpose in our industry." – said Stephanie Ossenbach, Group Sustainability Officer at dormakaba.

dormakaba has set a science-based target to reduce its operational (Scope 1+2) emissions by at least 42% in line with a 1.5°C future by 2030, without the use of carbon offsets (baseline 74,770 tCO2e in financial year 2019/20). To achieve this, the company has developed a climate transition plan with Must-have initiatives along six levers. These include investing in energy efficiency projects, increasing on-site production of solar power, purchasing electricity from renewable sources, improving vehicle and heating fuel consumption, and electrifying its fleet. 

Since 2019/20, the company achieved a reduction of more than 10,000 tCO2e in its scope 1 + 2 emissions and increased its on-site solar energy generation by 50% (data as of end of the financial year 2022/23). By integrating a circular economy approach, dormakaba is also working on reducing its scope 3 emissions, focusing mostly on emissions of purchased goods and services and that occur during the use phase of its sold products. 

Read more about dormakaba’s climate transition plan in the Sustainability Report 2022/23.

See the Financial Times article and the complete list here.

Patrick Lehn
Senior Manager Group External Communications / Press Officer
+41 44 818 92 86

Stephanie Ossenbach 
Group Sustainability Officer
+ 41 44 818 92 06