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DAX Companies Cut Direct Emissions by 6% as Indirect Emissions Reporting Expands

EY analysis reveals progress in direct emissions reductions but highlights the vast scale of indirect emissions under new EU-aligned guidelines.

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Overview

  • Direct emissions from DAX companies fell from 184.1 million to 172.6 million tonnes CO2-equivalent in 2024, a 6% reduction compared to 2023.
  • 22 of the 40 DAX firms reduced their direct emissions, while 16 saw increases, and two lacked sufficient data for evaluation.
  • Indirect (Scope 3) emissions were reported at 4.1 billion tonnes CO2-equivalent, a 19% rise due to updated reporting standards rather than actual increases.
  • Heidelberg Materials remained the largest direct emitter among DAX firms, despite a slight reduction in its emissions.
  • Simon Fahrenholz of EY emphasized that the new reporting guidelines provide the most realistic and transparent view of corporate emissions to date.