Climate Change Data

CargoBeamer AG

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:8,480 tCO2e/year
Scope 1 Emissions:224 tCO2e/year
Scope 2 Emissions:290 tCO2e/year
Scope 3 Emissions:8,190 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:291,064 GJ/year
Water Consumption:Not disclosed
Waste Generated:3,759 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Carbon reduction
  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced product carbon footprint by 41% (g CO2 per tkm)
  • Saved 33,340 t CO2 compared to road transport
  • Offset company and product carbon footprint, certified as net-carbon neutral by TÜV Nord Cert
  • Established a dedicated sustainability department

Social Achievements

  • Onboarded 54 new employees
  • Implemented flexible work schedules and work-from-home options
  • Provided corporate benefits including public transportation pass and JobRad bike leasing
  • Implemented a professional onboarding process

Governance Achievements

  • Achieved ISO 9001 certification for Quality Management System
  • Successfully completed TSI Audit (Module SD) at Erfurt facility
  • Introduced a new compliance training module as mandatory part of onboarding
  • Implemented the dual control principle for all business transactions

Climate Goals & Targets

Long-term Goals:
  • Reduce and compensate all emissions, including scope 3, by 2030
Medium-term Goals:
  • Strengthen the strategic integration of sustainability throughout the company by 2024
  • Prepare for CSRD reporting requirements and align goals with Paris 1.5°C
  • Analyze and report on CargoBeamer's economic activities under the EU taxonomy in 2023
  • Conduct information about importance of sustainability from customers perspective in regular surveys and engage in dialogue with stakeholders on key sustainability issues
  • Increase awareness for anti-corruption and human rights
Short-term Goals:
  • Develop a detailed plan to reduce scope 1 and 2 emissions by 2030
  • Analyze and optimize consumable use in production and terminals
  • Develop a concept for continuous optimization of emissions during terminal construction and lifespan
  • Investigate electrified first and last mile transportation solutions
  • Explore options for transforming terminals into self-sufficient hubs
  • Investigate options for biodiversity-oriented terminal design
  • Participate in at least two community campaigns in 2023
  • Establish a comprehensive compliance system led by the General Counsel in 2023
  • Implement ISO 27001 for information security management system

Environmental Challenges

  • Price fluctuations in the energy market
  • Temporary surge in fossil fuel consumption
  • Decoupling from the Russian market
  • Inflation and increased interest rates affecting corporate financing
  • Historically low quality in rail freight transport
  • Lack of corresponding tools for rail freight sector compared to road transport
Mitigation Strategies
  • Successfully monetized environmental advantages under the French CEE program
  • In-house production of wagons for greater control over production process
  • Committed to The Climate Pledge, aiming for net-zero emissions by 2030
  • Investing in maintaining and expanding rail infrastructure (long-term)
  • Exploring low-emission traction options (postponed due to energy market fluctuations)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable office material purchasing policy

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Fluctuating energy market prices
  • Price development of road freight transport
Opportunities
  • Monetization of environmental advantages under CEE program
  • Increased demand for sustainable transport solutions

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, TSI (Module SD)

Third-party Assurance: TÜV Nord Cert

UN Sustainable Development Goals

  • SDG 9
  • SDG 13
  • SDG 8
  • SDG 3

CargoBeamer contributes to these goals through emission reduction, investment in innovative technologies, ensuring fair working conditions, and promoting health by reducing air pollution.

Sustainable Products & Innovation

  • CargoBeamer railcars

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:7,387 t CO2
Scope 1 Emissions:277 t CO2
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:7,349 t CO2
Renewable Energy Share:Not disclosed
Total Energy Consumption:234,248 GJ
Water Consumption:32.8 Ml
Waste Generated:3,125 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Greenhouse gas emissions
  • Emission reduction vs. road transport
  • Health and safety
  • Diversity and equal opportunities
  • Work-life balance
  • Corporate culture
  • Strategies and goals
  • Risk management
  • Compliance

Environmental Achievements

  • Calculated and offset company carbon footprint (CCF) achieving TÜV Nord Cert certification for net-carbon neutrality for 2023.
  • Preparation for ESRS with double materiality assessment.
  • Monetized ESG benefits through the French 'Certificats d'Economie d'Energie' (CEE) program.
  • Saved 30,037 t CO2 compared to road transport (1% increase in transports).

Social Achievements

  • Onboarded 34 new employees.
  • Relocated to a new passive house office in Frankfurt powered by 100% renewable energy.
  • Launched an IT-Helpdesk and an HR-Infodesk to enhance operational efficiency.
  • Introduced height-adjustable desks for all employees.

Governance Achievements

  • Strengthened governance capabilities with the addition of a Legal Counsel and Claim Manager.
  • Implemented a comprehensive risk management framework.
  • Implemented new structures and guidelines, including an Ombudsman's office and a Code of Conduct.
  • Adopted the 'Whistleblower Directive' (Directive (EU) 2019/1937).

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions by 2030 (all scopes).
Medium-term Goals:
  • Investigate electrified first and last mile transportation solutions.
  • Investigate options for biodiversity-oriented design of terminal sites.
  • Prepare for reporting requirements under the Corporate Sustainability Reporting Directive (CSRD).
Short-term Goals:
  • Develop a detailed plan to reduce scope 1 and 2 emissions with specific milestones to be achieved by 2030.
  • Analyze and optimize the use of consumables in operations.
  • Develop a concept for continuous optimization of emissions release during construction and life span of terminals.
  • Sustain a CB railcar recycling rate of at least 90%.

Environmental Challenges

  • Consequences of the ongoing conflict in Ukraine impacting the European economy and rail industry.
  • Industry production and transport volume decline.
  • Fluctuations in the electricity market impacting rail cost competitiveness.
  • Inflation and rising global interest rates creating a challenging financing environment.
  • Rising costs for (green) energy, transition costs, and physical climate risks.
Mitigation Strategies
  • Focus on successful relations, gaining market share.
  • Preparation for ESRS.
  • Monetization of ESG benefits through CEE program.
  • Implementation of a comprehensive risk management framework.
  • Annual request for green electricity prices from traction providers.
  • Strategies to lower terminal emissions (building more terminals with CargoBeamer technology, optimizing existing terminals, using electric vehicles, purchasing green electricity).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Guidelines encompassing antitrust laws, fair competition, exchange of information with competitors, prevention of personal gain, appropriate communication practices, and respect for intellectual property and third-party copyrights.

Climate-Related Risks & Opportunities

Physical Risks
  • Sea level rise
  • Changing working conditions at outdoor sites
Transition Risks
  • Rising costs for green energy
  • Transition costs
Opportunities
  • Market opportunities due to climate-friendly profile (easier access to funding, advantage in tenders, profits from participating in carbon markets).

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol, EU Taxonomy, ESRS

Certifications: TÜV Nord Cert (net-carbon neutrality), ISO 9001 (QMS), TSI Audit (Module SD)

Third-party Assurance: TÜV Nord Cert

UN Sustainable Development Goals

  • SDG 3
  • SDG 8
  • SDG 9
  • SDG 13

CargoBeamer contributes to these goals through emission reduction, investment in innovative technologies, ensuring fair working conditions, and promoting health by reducing air pollution.

Sustainable Products & Innovation

  • CB Railcars

Awards & Recognition

  • Not disclosed