.jpg?width=814&resizemode=force)
The Vitesco Technologies Group became part of the Schaeffler Group as of October 1, 2024, due to the merger of Vitesco Technologies Group AG into Schaeffler AG.
Please note: Legal or actual changes since October 1, 2024, are therefore no longer reflected in the content of the website.
As the website is no longer updated, we assume no liability for the content of this website, or the linked websites contained therein. The operators of the linked sites are solely responsible for their content.
Irrespective of this, you can still find the current BPCoC and the General Terms and Conditions of Purchase at Vitesco Technologies - Suppliers (vitesco-technologies.com)
Under the following link you will find the current Schaeffler website:
Regensburg, Germany, August 3, 2023 – The ambitious emissions targets of Vitesco Technologies, a leading international supplier of modern powertrain technologies and e-mobility solutions, have now also been officially validated by the Science Based Targets initiative (SBTi). The associated certification demonstrates Vitesco Technologies’ commitment to climate change mitigation while also ensuring that it is in line with the objectives of the Paris Climate Agreement and stands up to scientific scrutiny.
Through a rigorous evaluation methodology and scientific investigation, the SBTi ensures that established goals are consistent with the best available scientific evidence. This is a joint initiative of CDP, the United Nations Global Compact, World Resources Institute (WRI) and World Wide Fund for Nature (WWF) and is one of the We Mean Business Coalition commitments. Its aim is to help companies around the world contribute toward limiting global warming to 1.5 degrees Celsius above pre-industrial levels.
Accordingly, Vitesco Technologies is committed to reducing its own operational GHG emissions (Scope 1 and 2) by 100 percent by 2030. Vitesco Technologies is also committed to a 25 percent reduction in absolute Scope 3 greenhouse gas emissions by 2030, taking 2021 as a baseline. The SBTi’s assessment in accordance with the V5 standard has confirmed that the Group’s proposed emissions reduction trajectory is consistent with the Paris Climate Agreement’s 1.5 degrees Celsius target, currently the most ambitious target in the SBTi process.
At Vitesco Technologies, sustainability is already embedded at the heart of its corporate strategy. Beyond science-based targets, Vitesco Technologies aims to achieve net-zero GHG emissions by 2040. Three key levers for decarbonization are the electrification of the product portfolio, life-cycle engineering and carbon neutrality in the company’s own processes. This means eliminating materials, activities and processes that cause emissions to the greatest possible extent, or at least reducing or substituting them.
The emission targets of Vitesco Technologies have passed a scientific scrutiny and are in line with the Paris Climate Agreement.
© SBTi
