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+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 CO₂ footprint in addition to improving productivity. Another important element is photovoltaic systems to generate green electricity for the company's own use. The replacement of machines with more economical models and the energy-efficient refurbishment of buildings as part of replacement investments also help to reduce energy consumption and thus CO2 emissions.

Most of the Group's sites were able to significantly reduce their emissions in the 2024 reporting year. However, there was a shift in activities within the Phoenix Mecano Group. Demand for the products of the DewertOkin Technology Group division increased at a double-digit rate. The DOT Group operates in a high-volume business area and processes large quantities of material in energy-intensive processes such as the machining of steel parts and plastic injection moulding. In addition, products and production processes that were previously outsourced to suppliers and therefore recognised in Scope 3 were now carried out in-house and therefore fall under Scope 1 and 2.

This shift of activities to the energy-intensive DOT Group division is one of the reasons why the Phoenix Mecano Group's energy consumption increased by 10 % and its Scope 1 and 2 emissions by 2.3 %, despite virtually unchanged sales. Some of the energy was covered by additional PV systems. In total, photovoltaic systems with an annual electricity production of almost 6 000 MWh are already in operation, including at the key production sites in Jiaxing (China), Kecskemét (Hungary), Sibiu (Romania) and Pune (India). A further 3,000 MWh are under construction.