The decarbonisation of industry is one of Germany's biggest challenges. Our comprehensive sheds light on where companies stand on the path to Net Zero, how they can successfully embark on the transformation and what opportunities arise in the process.
For the study, 乐鱼(Leyu)体育官网 analysed the sustainability reports of the 160 companies listed on the DAX, MDAX and SDAX in Germany. The findings were supplemented by the assessments of 30 top decision-makers from various large companies in the industrial sector, with whom 乐鱼(Leyu)体育官网 conducted expert interviews for the study.
Three key findings of the study
1. Ambitious goals and transparency
On the way to net zero, the majority of companies in Germany's most important share indices have set themselves transparent and ambitious targets: 66 per cent of companies have committed to long-term targets for their Scope 1 and Scope 2 emissions. The former include the direct emissions of companies, while the latter take into account the indirect CO鈧� emissions resulting from the purchase of energy. Almost every company (90 per cent) reports emissions in these two categories.
2. Challenges remain
However, more than half of the companies are lagging behind their self-imposed targets. The study reveals major differences in a sector comparison: While finance companies are still closest to their Scope 1 and Scope 2 targets (66.7 per cent), only 16.7 per cent of companies in the chemicals and materials industry are on track to achieve their targets according to their self-communicated assessment.
3. focus on the industrial sector - short-term challenges, long-term opportunities
With regard to the industrial sector, which is critical for Germany, the results of the expert interviews show that the majority of companies do see potential in decarbonisation. More than half of those surveyed are convinced that the climate transformation will improve their competitive position. There is also a consensus on the importance of the transformation: 75 per cent of respondents expect major changes in their business and operating models.
Download study
Decarbonisation of German industry: opportunities and hurdles
This study offers valuable insights and practical recommendations for companies looking to optimise their decarbonisation strategy. Take the opportunity to obtain comprehensive information and strengthen your competitiveness.
Your contacts
Goran Mazar
Partner, EMA & German Head of ESG
乐鱼(Leyu)体育官网 AG Wirtschaftspr眉fungsgesellschaft
Dr. Benedikt Herles
EMA Head of ESG Insights & Innovation, Head of Country Practice Africa
乐鱼(Leyu)体育官网 AG Wirtschaftspr眉fungsgesellschaft
Keywan Ghane
Partner, Performance & Strategy
乐鱼(Leyu)体育官网 AG Wirtschaftspr眉fungsgesellschaft
Roxana Meschke
Partnerin, Audit, Regulatory Advisory, Sustainability Reporting & Governance
乐鱼(Leyu)体育官网 AG Wirtschaftspr眉fungsgesellschaft