Examining the Carbon Management Strategies of Diebold Nixdorf

Carbon management is imperative to curb global temperature increases and mitigating climate change impacts. This report explores the carbon management strategies employed by Diebold Nixdorf, a multinational financial and retail technology company. As of 2021, the company has not established specific reduction targets and has not committed to achieving net zero emissions. The company employs diverse carbon reduction strategies, such as carbon offsetting, solar energy, and fleet improvements, with notable projects like the "green roof" initiative and a tree planting program contributing to carbon offsetting. Despite a gradual reduction in Scope 1 and Scope 2 emissions since 2015 and notable decreases in energy consumption and natural gas emissions from 2020 to 2021, Diebold Nixdorf falls short in revenue-adjusted emissions compared to competitors. Critical challenges within Diebold Nixdorf's carbon management strategies revolve around controversies related to carbon offsetting and uncertainties regarding the effectiveness of specific initiatives. Although an improved Carbon Disclosure Project (CDP) score and efforts in product sustainability showcase progress, the lack of specific targets remains a notable pitfall. The potential misuse of green labelling, considering significant carbon emissions from products, adds complexity to Diebold Nixdorf's carbon management approach. This report underscores the imperative need for substantial enhancements in the company's carbon management practices, emphasising a realignment of values and a firm commitment to carbon reduction and net-zero goals in response to the severity of the climate crisis.