The DAX companies emitted fewer greenhouse gases in 2023, as an analysis of their sustainability reports shows. Who reduced emissions the most?
According to a recent analysis, the German stock market heavyweights reduced their greenhouse gas emissions last year. Compared to 2022, the direct emissions of the DAX companies fell from 218 to 189 million tons of CO2 equivalents – a decrease of 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, they document their efforts towards climate neutrality.
Decrease of almost 30 million tonnes
In absolute terms, the loss of the DAX companies amounts to almost 30 million tonnes of CO2 equivalents. According to EY figures, this corresponds to the annual emissions of 17.4 million average new cars with a mileage of 15,000 kilometres.
In total, 32 DAX companies reduced their emissions. Seven emitted more greenhouse gases than in 2022. One company did not provide any information.
The largest percentage decline was recorded by chip manufacturer Infineon and insurer Allianz, while the 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 chemical group BASF.
Source: Stern
