Germany’s climate-conscious companies 2022 –

A new study from Statista and Capital shows that many companies in Germany are setting themselves more ambitious goals for a better climate balance. Three manage to reduce their emissions of greenhouse gases by more than half for the first time

German economy has moved up a notch in efforts to protect the climate. For the first time, three companies have reduced their average annual greenhouse gas emissions by more than 50 percent in 2020. This is a result of the large capital ranking “Germany’s climate-conscious companies” (issue 2/2022, EVT January 20, 2022). For this purpose, the currently available CO2 emission data from the years 2019/2020 from more than 2000 listed companies, large medium-sized companies and family businesses in Germany were evaluated for the second time in a row together with the market research company Statista. In the previous year, no company had broken the 50 percent mark, with the best value being a CO2 reduction of 40 percent.

The new capital will be shown on 20 January

The new capital will be shown on 20 January

The industry has put a big lever into action with its efforts: The 100 most ambitious companies, and thus the companies that won the ranking, produced around 111 million tonnes of greenhouse gas emissions in 2019/2020 – exactly 50 percent less than the previous year. For comparison: According to an analysis by the think tank Agora Energiewende, the total greenhouse gas emissions in Germany in 2020 were around 739 million tonnes.

This year, the Capital survey again focused on the question of which companies are able to reduce greenhouse gas emissions without having to limit sales or production growth. In addition, this time the companies had to prove that they were pursuing these goals in the long term, transparently, ambitiously and as comprehensively as possible.

Sports outfitter Bergfreunde, which leads the list of the 100 climate-conscious companies, fared best. The outdoor specialist from Tübingen has reduced the average intensity of its greenhouse gas emissions by 60.2 percent over the past three years. The fast-growing online mail order business is making a big impact with its fully automated, energy-saving logistics center. In addition, Bergfreunde Managing Director Matthias Gebhard set the goal in 2019 to save as many emissions as possible in all process steps from the webshop, product presentations, customer service, packaging to shipping. “We are only at the beginning,” says Gebhard. Over the next five years, he wants to change the product range so that at least 75 percent of the suppliers themselves have ambitious climate targets.

Companies working in this way to reduce their own emissions as well as indirect emissions gained additional points on the climate ranking (82 out of the 100 companies). There were additional points for an assessment of the climate standard CDP (43 of the 100 companies) and for approval of the climate targets of the organization Science Based Target Initiative (33 of the 100 companies).

With a total of 79.70 out of a possible 100 points, Bergfreunde achieved the best overall result. They are followed by Zalando, Puma, Porsche, Telefónica Deutschland and Nürnberger Versicherung. The latter has even reduced the average intensity of greenhouse gas emissions by 70.3 percent – the highest value among all 100 awarded companies. Since not all additional criteria were met, the overall result was enough for 6th place in the ranking. They are followed by Bayer, Deutsche Telekom, Siemens and BMW, which in addition to saving direct greenhouse gas emissions have also met all the additional criteria.

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Climate-conscious companies

The study’s methodology

Investigation: Market research company Statista and Capital have determined for the second time how successful German companies are in reducing their greenhouse gas emissions. Listed companies, large medium-sized companies and family businesses were asked to share their data on greenhouse gas (GHG) emissions. At the same time, from mid-September to the end of October, Statista evaluated publicly available data from more than 2,000 companies, for example from sustainability reports. The focus was on which companies succeed in reducing CO2 emissions without having to limit sales or production growth – economic and ecological success are equally taken into account.

Stricter method: The companies were informed in advance that several criteria will be evaluated this year. The aim is to reward companies that reduce CO2 emissions in the long term, transparently, ambitiously and as completely as possible. It is important that the companies, in addition to the CO2 emissions attributed to them (Scope 1 and 2), are also responsible for the CO2 emissions that occur elsewhere in the value chain, for example when manufacturing a preliminary product, i.e. transport or for business trips (Scope 3).

Data base: Many companies report two standard values: First, Scope 1 data, i.e. the company’s direct greenhouse gas emissions from production. On the other hand, the indirect greenhouse gas emissions from the company’s energy consumption (Scope 2), which can be calculated according to the respective energy sources such as nuclear power, coal or wind or can be specifically proven by corresponding certificates. The sum of these two emission values ​​is noted in the table (Emissions column), as is the emission intensity (emissions in relation to sales). The database for the Scope3 values, on the other hand, is so rudimentary overall that it cannot be included in our calculation. But companies that already carry out Scope 3 balances will at least receive additional points this year.

Calculation: To determine the average annual reduction of greenhouse gases, the Scope 1 and Scope 2 emissions from the most recent calculation year were added together and compared to sales. This current emission intensity was compared to a value that must be at least three years ago: for example, the emission intensity in 2020 compared to 2017. An interval of up to five years could be considered if companies already report figures for 2015. As some companies do not publish a such environmental balance annually or with a delay, are the latest values ​​from 2020 or 2019 (noted in the reporting period column in the table). The average annual emission reduction can be calculated as a percentage of the two values. This is the so-called CARR value (Compound Annual Reduction Rate), which is comparable for all companies.

Example of calculation:

A company that achieved sales of 10 million euros in 2015 produced 100 tons of CO2. First calculation step:


This company increased sales to 12 million euros in 2020 and still produced 90 tons of CO2. Second calculation step:


The results are replaced by the following formula:

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The result is a CARR value of 5.6 percent. Companies that achieve a CARR value of at least three percent are considered for the ranking. The percentage values ​​were then converted into points: the minimum value of three percent corresponds to 50 points, the maximum value of 100 percent corresponds to 80 points. In between, the conversion was linear.

Additional criteria: There were up to 20 additional points this year: depending on when greenhouse gas balances have been published, how many categories of Scope 3 data have been recorded, what assessment the climate standard CDP has received and how extensive the approval of the organization’s climate goals is the Science Based Target Initiative (SBTi) fails (additional criteria column).

Ranking: The overall result in the ranking of the 100 climate-conscious companies is composed of 80 percent from the CARR value and 20 percent from the additional criteria. Despite a high CARR value, some companies fall behind due to small merpoints in the overall result, while companies rise due to high merpoints.

Capital seal: The companies on the ranking list have the opportunity to buy a capital seal for a fee. You can find more detailed information at

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