Germany Analysis: DAX companies reduce greenhouse gas emissions
According to an analysis by the consulting firm EY, the DAX companies emitted fewer greenhouse gases in 2023.
16.08.2024, 04:50
SDA
According to a recent analysis, the German stock market heavyweights reduced their greenhouse gas emissions last year. Measured against 2022, the direct emissions of the DAX companies fell from 218 to 189 million tons of CO2 equivalents - and thus by around 14 percent.
This is the result of the analysis, for which the auditing and consulting firm EY evaluated the sustainability reports of the 40 companies. In these reports, they document their efforts to achieve climate neutrality.
According to the analysis, the DAX companies have reduced their CO2 emissions by almost 30 million tons. According to EY, this corresponds to the annual emissions of 17.4 million average new cars with a mileage of 15,000 kilometers.
In total, 32 DAX companies reduced their emissions. Seven emitted more greenhouse gases than in 2022. One company did not provide any information.
Chip manufacturer Infineon and insurer Allianz recorded the largest percentage decrease, while sports car manufacturer Porsche AG recorded the largest increase.
The largest emitter in 2023 was the building materials group Heidelberg Materials, followed by the energy company RWE and the chemicals group BASF.
