Annual Report

The report presents Danfoss's 2024 solid operational performance amid volatile markets, with Group net sales of EUR 9,674m and 39,360 employees. It highlights a 27% reduction in absolute Scope 1 and 2 emissions against the recalculated 2019 baseline, progress toward carbon-neutral operations by 2030, and a 29.3% renewable energy ratio. The Sustainability Statement introduces a double materiality assessment aligned with ESRS and reports progress on circularity and diversity, including 25% women on the Board. ESG data points received limited assurance from PricewaterhouseCoopers.