With a strong track-record in achieving emission reduction and energy efficiency targets with available technologies at its global manufacturing sites, Viessmann Group is taking another important step towards climate neutrality and net-zero emissions.
The company presented its first climate report at COP26 in Glasgow - committing towards emissions reductions for its operations and products in line with the 1.5°C path defined in the Paris Agreement in 2015.
Viessmann’s climate report
Max Viessmann, the Co-Chief Executive Officer (Co-CEO) of the Viessmann Group, said “Every company must become a climate solutions company. It must come straight from the heart. We need to emphasize the responsibility that we have to the future, and be aware that how we live today will impact future generations.”
All future manufacturing sites will be developed as net-zero facilities, where possible
To achieve the required emissions reductions in its operations, the Viessmann group will invest over €60 million across the group over the coming years, in order to upgrade facilities with the latest efficiency and climate technologies. All future manufacturing sites will be developed as net-zero facilities, where possible.
Meeting net-zero emissions Goal by mid-century
Leading the way towards a climate neutral building stock, Viessmann aims to be fully net-zero by mid-century - covering its operations and the emissions of its entire value chain. As interim targets for 2030, the company commits to a 50% reduction in operational (scope 1 & scope 2) emissions in absolute terms versus 2019 levels.
Adding to the previous significant investments in energy efficiency and emissions reduction, this will correspond to 75% absolute reduction vs. 2005 levels. The expected strong future growth and additional jobs will not lead to higher Greenhouse Gas emissions.
Cutting the emissions of the whole value chain
Viessmann also strives to reduce the emissions of its whole value chain. Its aspiration is to empower partners and end-users to reduce emissions in the use phase immediately. Viessmann will measure progress by setting itself a target to reduce by 55% its emission intensity per value added (scope 3) by 2030 vs. 2019.
This will be achieved mainly via a massive portfolio shift towards renewable based solutions. Building on the experience of generations and the pioneering role in achieving environmental excellence in its operations, provides a head start for the group to achieve these important milestones.
Acceleration of the decarbonization of the building sector
The targets released in the Climate Report are part of a broader, long-term climate strategy for the company
The targets released in the Climate Report are part of a broader, long-term climate strategy for the company, which also entails climate partnerships with suppliers, partners, the regions, where operations are located, employees and customers, to lead and advocate for an acceleration of the decarbonization of the building sector.
Recent examples of co-created partnerships and movements for climate include the ‘Mission Zero - Climate neutral Waldeck-Frankenberg’ project, helping to achieve climate neutrality for the region, which contains more than 156,000 inhabitants, around the company’s headquarters by 2035.
‘ViMove for Climate’ campaign
Also, award-winning ‘ViMove for Climate’ campaign, which engages employees, partners and end-customers to plant one million trees through community and individual sports activities.
Max Viessmann will present the climate targets for the company at COP26 event, in Glasgow, Scotland - pledging to global policy makers, regulators and the building industry to accelerate the decarbonization of buildings globally.
‘Integrated Viessmann Solutions Offering’
Viessmann is the globally renowned provider of climate solutions for all living spaces. The ‘Integrated Viessmann Solutions Offering’ enables users to connect products and systems seamlessly via digital platforms and services for climate (heating, cooling, air quality) and refrigeration solutions.
All solutions are based on renewable energy and maximum efficiency. All activities of the family company, founded in 1917, are based on its purpose and mission statement – ‘We create living spaces for generations to come’ – that is the responsibility of the global Viessmann family with 12,750 members.
