Climate change is one of the greatest global challenges and is also of central importance to TAKKT. As an internationally sourcing and selling B2B company, TAKKT bears responsibility for its impact on the environment and climate. For this reason, the company has identified climate change as material as part of the double materiality analysis (DWA) and implements targeted measures to reduce greenhouse gas emissions along the entire value chain. 

Climate-related risks and opportunities are gaining in importance worldwide and are increasingly influencing business strategies and long-term planning. It is also essential for TAKKT to systematically assess these and integrate them into business decisions in a targeted manner. 

TAKKT aims to reduce its Scope 1 and 2 greenhouse gas emissions of all locations by 50 percent by 2030 compared to the base year 2021. 

Climate risk analysis according to TCFD standards 

TAKKT has carried out a comprehensive climate risk analysis to identify and assess relevant climate risks. This is based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and distinguishes between physical risks and transition risks: 

• Physical risks arise from the direct effects of climate change, including temperature changes, extreme weather events and changes in precipitation patterns. 

• Transition risks arise from the shift to a lower-carbon economy and include regulatory requirements, technological developments and changes in customer requirements in relation to more sustainable business models. 

The Living Atlas Assessment Tool was used to assess physical risks at the US locations and the European Climate Risk Tool was used in Europe. TAKKT analyzed transition risks based on the net zero scenario of the International Energy Agency (IEA). These tools provide sound data for precisely assessing climate-related risks and deriving suitable measures to minimize risks or strengthen corporate resilience. 

 

Emissions management: precise calculations for a sustainable future 

In 2024, TAKKT will continue to use a location-based approach to calculate Scope 1 and Scope 2 emissions. Close cooperation with the locations has further improved the accuracy of the carbon footprint. 

As in many cases not all final annual accounts were available at the time of the emissions calculation, estimated values were used in individual cases. However, thanks to the use of specialized software for the decentralized collection of emissions, it was possible to ensure even more precise data collection than in previous years. 

The calculations are primarily based on activity-based data, which ensures high quality and accuracy. Spend-based data is only used where activity-based recording is not possible. 

Scope-3-Emissions in focus 

TAKKT performed a significance analysis to calculate the Scope 3 emissions. This ensures targeted reporting that appropriately reflects TAKKT's role as an omni-channel retailer. All emission categories of the Greenhouse Gas Protocol were evaluated along the entire value chain. Only categories that make a relevant contribution to TAKKT's carbon footprint are taken into account. 

This systematic approach ensures that TAKKT minimizes climate risks, precisely records emissions and derives targeted measures for decarbonization and increasing resilience. 

Further information on TAKKT’s climate strategy and greenhouse gas balance results can be found here: Sustainability Report 2024