The world’s largest machine tool manufacturer DMG MORI has underlined its commitment to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), which were issued in 2017.
In a statement, the company said that it would “proactively disclose climate-related risks and opportunities”, involving the “voluntary and consistent disclosure of climate-related information.”
This includes supplying information in areas such as governance, strategy, risk management, and metrics & targets.
DMG MORI has also said that it will adhere to the goals of the “Science Based Targets” initiative, which is dedicated to limiting global warming to no more than 1.5 °C. It has set company-wide targets for reducing greenhouse gas emissions:
- The reduction of absolute GHG emissions in Scope 1 and 2 by 46.2% by 2030 (using 2019 as the base year).
- The reduction of Scope 3 emissions by 13.5% by 2030, raising the target to 27.5% in the current (2023) financial year.
- Achieving a science-based net zero emissions target by 2050 at the latest.
Updates on the company’s activities are published annually in the DMG MORI sustainability report.
