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A Climate Transition Plan for our decarbonisation objectives

At CAREL, a Climate Transition Plan defines how we are aligning our business model with the transition to a low-carbon economy. The Plan supports the objective of limiting global warming to 1.5 °C, in line with the Paris Agreement, and sets a long-term pathway towards climate neutrality for Scope 1 and Scope 2 emissions by 2050.

This Plan is part of our broader sustainability strategy and has been approved from both a technical and economic perspective by the Board of Directors and the corporate committees. Its actions are integrated into the 2025-2028 Sustainability Plan, connecting climate targets with operational decisions, energy management and product innovation. 

Climate neutrality for Scope 1 and Scope 2 by 2050

We are committed to reducing absolute Scope 1 and Scope 2 emissions to reach net zero by 2050, using 2023 as the baseline year. This target covers direct emissions generated by our operations and indirect emissions from purchased energy. It gives us a measurable pathway for reducing the climate impact of our production activities and energy consumption.

CAREL supports this objective through operational actions across production sites. We are working on the electrification of heating systems through heat pumps, the transition of the company fleet to low-emission vehicles, the purchase of certified renewable electricity and the self-production of electricity through photovoltaic panels. These levers help reduce fossil fuel consumption and improve energy efficiency across the Group. 

Scope 3 emissions target by 2033

The Scope 3 emissions target focuses on emissions generated along the value chain. We are committed to reducing absolute Scope 3 emissions by 32.5% (SBTi approved target), compared with the 2023 baseline. The target covers purchased goods and services, energy-related activities, transport and distribution, employee commuting and the use of products sold.

For the Group, Scope 3 reduction is closely linked to product innovation. The energy consumption of products sold represents the main source of indirect emissions, which is why we continue to develop technologies that improve the efficiency of air conditioning and refrigeration systems and support the transition to lower-impact natural refrigerants. For this reason we have a further internal target of 54.6% for Scope 3 emission by 2033.

Renewables, photovoltaics, electrification and efficiency as operational levers

*The percentage targets refer to the 2024 reporting perimeter
Our Climate Transition Plan combines energy procurement, on-site generation, electrification, energy management and product efficiency to reduce emissions across operations and the value chain.
Climate lever Scope Our action Target* or 2025 result
Electrification 1 Reduce natural gas through heat pump systems -80% natural gas consumed by the Group by 2028
Low emission vehicles 1 Replace diesel vehicles 35% of targeted cars in the headquarters' fleet replaced in 2025

Renewable energy

 2 Increase certified renewable electricity 100% purchased electricity from certified renewable sources by 2028 for all production plants and European subsidiaries
Photovoltaics 2 Self-produce electricity 10% of electricity consumed by the whole Group from photovoltaic panels by 2027
Energy management 2 Optimise processes, equipment and systems 81 MWh saved in 2025 through energy optimisation across the Group's operation processes
Product efficiency 3 Reduce energy consumption linked to product use 8,176 GWh saved by products sold in 2025 (calculated as the difference from the average energy performance achievable with equivalent traditional technologies)
Logistics optimisation 3 Reduce the share of goods transported by air across the Group -17% of emissions in 2025 compared to 2023
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