Everllence has achieved its internal reduction target six years ahead of schedule, but the engine manufacturer is still far from its goal of contributing to the green transition of its customers.
Everllence—formerly MAN Energy Solutions—has already surpassed its own 2030 target of halving CO₂ emissions from production. The company’s own Scope 1 and Scope 2 emissions have been reduced by 63% compared to 2018.
This is revealed in Everllence’s 2024 sustainability report.
However, another of the group’s milestones remains far from being achieved. Everllence has declared a goal that half of the company’s revenue in 2030 should come from solutions aimed at decarbonization. According to the EU taxonomy, such activities accounted for less than 4% of total revenue in 2024.
Since 2018, Everllence has reduced CO₂ emissions from its own production plants and test facilities by 63%, partly through switching to green electricity, energy efficiency improvements, and its own solar installations. The target was a 50% reduction by 2030—and this has now been achieved six years early.
“The greatest impact for climate protection clearly comes from the use of our products and solutions by customers,” says Johanna Rauchenberger, Vice President of Sustainability and Product Safety, to ShippingWatch.
She points out, among other things, that an LNG-powered container ship reduces climate impact by up to 30%—and with alternative fuels like ammonia, the ship can operate almost CO₂-neutrally.
On the other hand, the group’s key business target is lagging. Everllence aims for green technologies—including engines for green fuels, heat pumps, hydrogen electrolysis, and CCUS—to account for half of its revenue by 2030. According to ShippingWatch, these types of technologies currently make up 15% of revenue.
Looking at what Everllence itself reports regarding the share of revenue that qualifies under the EU taxonomy, it is also clear that the target still has a long way to go.
Only €136 million out of the total eligible sales revenue of €3.3 billion came from the sale of solutions related to hydrogen or other low-CO₂ technologies that fall under the EU taxonomy for “substantial contributions to climate change mitigation.”
Thus, green business accounts for less than 4% of Everllence’s total revenue under the EU taxonomy. The manufacturer’s total revenue for 2024 was €4.3 billion.
