BOSCH TO BE CARBON NEUTRAL WORLD-WIDE BY 2020
Bosch is to be fully climate-neutral as early as next year. Its over 400 locations worldwide, and their engineering, manufacturing, and administrative facilities, will no longer leave a carbon footprint. Bosch states it will be the first major industrial enterprise to achieve this ambitious goal in little over a year. Bosch will invest a billion euros in the energy efficiency of its plants and buildings over the next ten years.
In a bid to swiftly achieve carbon neutrality, Bosch will buy more green electricity in the near term and compensate for unavoidable CO2 emissions with carbon offsets. In the years to 2030, the company will gradually increase the share of renewable energy in the power that it generates and buys, and will invest a billion euros to boost its locations’ energy efficiency.
According to the International Energy Agency, manufacturing accounts for around 32 percent of global carbon dioxide emissions. As it stands, Bosch emits around 3.3 million metric tons of carbon per year. The company has already reduced carbon emissions relative to its value creation by nearly 35 percent since 2007.
Bosch intends to enlarge company-owned photovoltaic systems such as those in place at the Nashik and Bidadi locations in India. The company expects to achieve a tenfold increase in installed energy capacity with this move. Bosch will also sign long-term, exclusive supplier contracts with new wind and solar farms around the world.
By 2030, the company plans to save additional energy amounting to some 1.7 terawatt hours per year. This is more than one-fifth of its current annual consumption, and comparable to the amount of electricity consumed by private households in the German city Cologne.