BOSCH To Be Carbon Neutral Worldwide in 2020

Event Calendar Press Releases Wednesday February 12, 2020 11:29
Bangkok--12 Feb--ABM Connect

As a leading global supplier of technology and services, Bosch creates technology that is "Invented for Life." Innovation has to be supported and developed while taking people, society, and the environment into account.

In view of the increased challenges resulting from climate change, Bosch is committed to doing its part to take care of the planet. Bosch Group has set an ambitious target for its worldwide operations with an aim to become carbon neutral by 2020.

Bosch started to reduce its carbon footprint a long time ago and much of the preparatory work has paid-off. This has helped ensure that, starting from 2020, the group will no longer have a carbon footprint from its operations, contributing significantly to climate action. Nevertheless, cooperation is needed at all levels and Bosch is encouraging everyone to do their part. With a clear focus, Bosch hopes that others will follow its ambitious plans.

Not having a carbon footprint means that Bosch will have no overall impact on carbon-dioxide levels in the atmosphere. As an industrial company, there are many areas where emissions are unavoidable. But, by 2020, Bosch will have counteracted all of its carbon emissions. Over the next decade, or by roughly 2030, the group expects further improvements in regards to climate protection by building on the important measures that are being applied.

"When it comes to the climate, words are not enough. Companies need to aim for carbon neutrality, here and now," said Dr. Volkmar Denner, Chairman of the Board of Management.

Carbon neutrality covers Bosch's manufacturing, administrative and research facilities. It factors in all carbon emissions produced by burning fossil fuels such as gasoline, diesel, heating oil, natural gas, and coal, as well as all industrial gases which the company uses for its processes, such as welding. It also includes indirect carbon emissions attributable to energy consumed in the form of electricity, district heating, and steam.

Bosch will be focusing on a comprehensive approach to energy efficiency and generating energy from renewable sources to achieve carbon neutrality. These two factors constitute the major levers for achieving its climate goal. By 2030, Bosch wants to save 1.7 TWh of energy and generate 400 GWh of its energy needs from its own renewable resources. In order to support the measures financially, the board of management of Bosch approved an annual budget of 100 million euros for the period from 2018 to 2030.

Bosch is emphasizing clean energy right from the start. The company will source "green" electricity from existing renewable energy generation facilities with their corresponding guarantee of origin, and also ensure that quality measures are in place. By 2030, the group will be focusing on new clean power, including exclusive long-term purchasing agreements with investors in new renewable energy generation facilities, e.g. wind turbines or solar parks, to ensure this path is aligned with its commitment.

Another lever to achieve its climate goal is through offsetting measures (carbon credits) for CO? emissions from combustion processes, e.g. heating, process heat. In countries in which the levers described above are not sufficiently available to achieve carbon neutrality, e.g. where green electricity can only be purchased to a limited extent, carbon offsets are also necessary.

"Bosch will be the first major industrial enterprise to achieve complete carbon neutrality by 2020, as we prioritize our efforts on improving the energy efficiency of our plants and buildings. This will enable us to reduce energy consumption and conserve resources over the long-term. Bosch is also stepping up its investments in renewable energy and new clean power to move forward in transitioning to sustainable energy," concluded Dr. Denner.

About Bosch in Thailand

Bosch´s history in Thailand started in 1923. Bosch has diversified businesses in the country in all four of its business sectors of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company has two manufacturing plants for mobility solutions, and a facility for the sales and services of hydraulic equipment and machinery in Rayong. In 2018, Bosch in Thailand employed around 1,500 associates. Additional information is available at www.bosch.co.th and https://www.facebook.com/BoschThailand.

About Bosch Group

The Bosch Group is a leading global supplier of technology and services. It employs roughly 410,000 associates worldwide (as of December 31, 2018). The company generated sales of 78.5 billion euros in 2018. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group's strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is "Invented for life." The Bosch Group comprises Robert Bosch GmbH and its roughly 460 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch's global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company's future growth is its innovative strength. At nearly 130 locations across the globe, Bosch employs some 68,700 associates in research and development.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.

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