Germany’s leading companies have reduced their greenhouse gas emissions over the past year, according to an analysis published on Friday by consultancy EY.
Taking 2022 as a benchmark, the direct emissions of the 40 companies listed on the blue-chip DAX index decreased from 218 to 189 million tons of CO2 equivalents, representing a reduction of around 14%.
This analysis was based on the sustainability reports of the 40 companies, which document their efforts towards climate neutrality.
In absolute terms, the companies’ CO2 equivalent emissions dropped by almost 30 million tons. According to EY, this is equivalent to the annual emissions of 17.4 million average new cars with a mileage of 15,000 kilometres.
Overall, 32 DAX companies reduced their emissions, while seven emitted more greenhouse gases than in 2022. One company did not provide any data.
Chip manufacturer maker and insurer Allianz recorded the largest percentage reductions, while sports car maker Porsche had the largest increase.
The largest emitter in 2023 was the construction materials company Heidelberg Materials followed by the energy company RWE and the chemical company BASF.
