Climate Change Data

TÜV SÜD AG

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:102,618 tCO2e/year
Scope 1 Emissions:31,106 tCO2e/year
Scope 2 Emissions:27,933 tCO2e/year
Scope 3 Emissions:43,578 tCO2e/year
Renewable Energy Share:84.0% (Germany)
Total Energy Consumption:126,168.1 MWh/year
Water Consumption:249,094 m3/year
Waste Generated:5,600 tons/year (estimated)
Carbon Intensity:32.7 tCO2e per € million of revenue (2023)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Offset just over 16,500 tonnes of CO2 in 2023 using Gold Standard carbon certificates.
  • Reduced energy consumption in buildings by around 12% per € million of revenue.
  • Increased the share of fully electric vehicles in its fleet fivefold compared to the prior year.
  • Installed more than 800 PV modules in Spain and plans to install more in Germany.

Social Achievements

  • Published a declaration of principle on compliance with human rights and environmental due diligence obligations.
  • Achieved platinum status in the 2023 EcoVadis sustainability rating.
  • Received the Sustainable Supply Award from the BME.
  • Reached the finals of the German Sustainability Award 2023.
  • Held first sustainability days in the Mobility Division.

Governance Achievements

  • Established a Corporate Sustainability Office (CSO).
  • Participated in the Munich Business Climate Pact.
  • Aligned the global bonus plan for top management to include selected ESG components.

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions along the entire value chain by 2050.
Medium-term Goals:
  • Reduce GHG emissions by 90% compared to the base year (Scope 1, 2 and 3) by 2030.
Short-term Goals:
  • Offset remaining GHG emissions from business operations (Scope 1, 2 and 3: business travel) from 2025.
  • Increase the share of women in management positions to 30% by 2026.
  • Achieve an average of 35 training hours per employee by 2026.

Environmental Challenges

  • Data quality of GHG inventory and energy monitoring system.
  • Increased employee travel leading to higher GHG emissions.
  • Lack of influence on energy sources in some rented buildings.
  • Implementing the CSRD and ESRS requirements.
Mitigation Strategies
  • Consistently improving data quality.
  • Joining the Science Based Targets initiative (SBTi).
  • Voluntarily offsetting remaining GHG emissions from 2025.
  • Expanding the reporting boundary to the entire value chain.
  • Implementing energy-efficient renovations and phasing out fossil fuels.
  • Exploring possibilities of procuring energy from renewable sources.

Supply Chain Management

Supplier Audits: 13% detailed ESG assessments, 2% on-site audits (2023)

Responsible Procurement
  • TÜV SÜD Supplier Code of Conduct (SCoC)
  • Sustainability criteria in tendering processes
  • Focus on local sourcing (90% procurement needs)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

UN Sustainable Development Goals

  • Goal 7: Affordable and clean energy
  • Goal 12: Responsible consumption and production
  • Goal 13: Climate action
  • Goal 3: Good health and well-being
  • Goal 4: Quality education
  • Goal 5: Gender equality
  • Goal 8: Decent work and economic growth

TÜV SÜD's services and initiatives contribute to these SDGs.

Sustainable Products & Innovation

  • VERIx process for verifying product-specific carbon emissions
  • Clean Energy Certificate (CEC) system
  • TÜV SÜD CMS 77 standard for low-carbon hydrogen certification
  • Green Building Calculator

Awards & Recognition

  • Platinum status in EcoVadis sustainability rating (2023)
  • Sustainable Supply Award from BME (2023)
  • Automotive TopCareer AWARD (2023)
  • Best Employer Brand Practice award (China)