CO2 targets and strategy
Phoenix Mecano aims to halve CO2 emissions from its own operations by 2030.
Phoenix Mecano aims to massively reduce its own CO2 emissions, thereby generating a positive EBIT effect and the greatest possible environmental benefit. Its own operations (Scope 1 and 2) are to be made carbon-neutral by 2050 at the latest, with this goal pursued as far as possible by cutting CO2 emissions. In a first stage, Phoenix Mecano intends to halve CO2 emissions from its own operations, per unit of sales, by 2030 compared with 2021. To this end, a number of measures have been defined that are being implemented on an ongoing basis.
The most important levers include efficiency measures, aimed at reducing the Group’s carbon footprint while also improving productivity. Another key element are photovoltaic systems generating green electricity for in-house use. Photovoltaic systems generating over 7 500 MWh of power per year are already in operation, including at major production sites in Jiaxing (China), Kecskemét (Hungary), Sibiu (Romania) and Pune (India). In 2025, self-generated solar power covered around 15% of the Phoenix Mecano Group’s electricity consumption. Solar energy systems generating a further 1 300 MWh per year will be added in 2026. Replacing machinery with more economical models and upgrading the energy performance of buildings as part of replacement investments will also help to reduce energy consumption and so lower CO2 emissions.
With regard to electric company vehicles, the aim is to increase the proportion of such vehicles in Germany and China to around 90%.
