GlobalData offers a comprehensive analysis of Bilfinger, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Bilfinger‘s ESG performance. GlobalData’s company profile on Bilfinger offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Bilfinger, a German engineering and services company, aims to achieve climate neutrality in terms of Scope 1 and 2 GHG emissions by 2030. Bilfinger’s objective is to make a contribution to the increased use of hydrogen as part of a climate friendly energy value chain. With its portfolio of services, the company is addressing the imminent decarbonization of energy-intensive production, transport and processing operations and increasing energy efficiency at all stages of the customer value chain. Bilfinger’s latest filings mentioned the keywords ‘Emissions’ and ‘Climate Change’ most number of times in relation to ‘Climate Change’.
In FY2022, the company’s Scope 1 emissions amounted to 35,643 tCO2e, Scope 2 location-based emissions amounted to 16,548 tCO2e, Scope 2 market-based emissions amounted to 14,047 tCO2e, and Scope 3 emissions from waste amounted to 675 tCO2e. In the transport and storage of hydrogen, Bilfinger mainly supports the expansion or conversion of existing gas infrastructure. Bilfinger’s experience and capabilities in the field of gas treatment – including in gas drying – position it as a competent partner for technology companies.
Bilfinger delivers development and support for all aspects of Carbon capture and storage (CCS)-related technology. This includes the separation of CO2 emissions, their purification, compression and liquefaction as well as their storage and transport. Bilfinger prepares feasibility and environmental impact studies as well as safety concepts while also managing approval processes. The company supports construction of plants through engineering, project management and the procurement, manufacture and assembly of required components.
In conclusion, Bilfinger set a target of being climate neutral by 2030 at the latest in terms of GHG Protocol Scope 1 and 2 emissions caused by its operations. The company is focusing on strategies to reduce its own energy consumption while gradually substituting the use of fossil fuels with renewable energy sources and thus sustainably limiting its emissions.