German company Bosch has committed to making its entire business carbon neutral by 2020.
Climate Action reported that Bosch will compensate for any residual and unavoidable carbon emissions in 2020 primarily by buying green power from legacy plants and taking part in carbon offset programmes. Read more: How to achieve low carbon service delivery
In over 400 locations worldwide, the company will no longer leave a carbon footprint, this will include their engineering, manufacturing, and administrative facilities, making Bosch the first major industrial enterprise to achieve this ambitious goal in a little over a year.
As it stands, Bosch emits around 3.3 million metric tonnes of carbon per year. However, the company has already set measures in place for climate action, reducing carbon emissions relative to its value creation by nearly 35% since 2007.
“We see climate action as our responsibility, and believe we have to act now,” says Dr Volkmar Denner, chairman of the board of management of Robert Bosch GmbH.
The company will invest €1 billion into buying green electricity, engaging in carbon offset programmes, and sourcing power from renewables. Read more: EU to commission first gigafactory for battery storage systems
In that same period, Bosch will invest one billion euros to boost in-house energy efficiency. Projects include crunching data to conserve energy at Homberg, Green roofs, photovoltaic systems and carbon neutrality at Renningen and sustainable heating at Rodez.
“Carbon neutrality is doable and, if pursued with the necessary determination, can be achieved quickly. Our investments benefit not only us at Bosch, but humankind in general as well,” Denner says.
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 Cologne.
Bosch says that their pledge to be carbon neutral will contribute towards efforts for the Paris Agreement, which calls for average global temperature rise to be kept well below 2 degrees Celsius.