Climate change represents a major challenge for the world. The effects of global warming are already being felt today and pose a risk to people's livelihoods, including economic development. Therefore, climate protection is an integral part of TAKKT's corporate strategy. As a global trading company, TAKKT recognizes its responsibility to reduce greenhouse gas emissions to combat the risks of climate change.
To achieve this target, TAKKT is focusing on insetting projects that will reduce greenhouse gas emissions along the entire value chain in the long term. These include the improvement of energy efficiency and the use of renewable energies. Offsetting through compensating greenhouse gas emissions will no longer be a primary aspect of TAKKT's climate strategy going forward. Instead, it will be regarded as an exception and only projects that are demonstrably effective and of high quality will be considered.
TAKKT is currently developing methods for calculating indirect Scope 3 emissions. This will enable a comprehensive assessment of greenhouse gas emissions along the value chain in the future. The aim is to obtain an initial overview of TAKKT’s Scope 3 emissions by the end of 2024. This information can then be used in the implementation and evaluation of new reduction measures. At the product level, TAKKT is already working on individual product carbon footprints to evaluate the environmental impact of its products.
The calculation of the carbon footprint for all TAKKT companies is carried out internally and reported annually according to the international GHG Protocol Standard. This process ensures transparency in the identification of emission reduction measures in the first step. In the second step, TAKKT evaluates the reduction measures by analyzing Marginal Abatement Cost Curves (MACC) to optimize its emission reduction strategy and group-wide investment planning. MACCs are a valuable tool for evaluating decarbonization projects, allowing TAKKT to assess and visualize the potential of greenhouse gas emissions savings and associated costs. This enables TAKKT to make informed decisions about which projects offer the greatest potential for reducing greenhouse gas emissions.
In this way, TAKKT recently succeeded in launching a photovoltaic project. The TAKKT subsidiary kaiserkraft will begin large-scale construction of photovoltaic systems on the roofs of its own production facility in Haan and the mail order center in Pfungstadt this year. This will enable both sites to cover their energy demands from their own renewable resources by 2024 and make a significant contribution to CO2 reduction. The project brings TAKKT one step closer to a decentralized, low-carbon economy as part of the global energy transition.
Further information on TAKKT’s climate strategy and greenhouse gas balance results can be found here: Sustainability Report 2022