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 Group’s carbon footprint while also improving productivity. Another key element are photovoltaic systems generating green electricity for in-house use. Systems with an annual energy output of 6 100 MWh are already in operation, including at major production sites in Jiaxing (China), Kecskemét (Hungary), Sibiu (Romania) and Pune (India). Another 400 MWh is under construction. In 2023, 1 240 MWh, around 3 % of the Group’s electricity consumption, was covered by self-generated solar power. 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.