Bosch will be investing in energy efficiency and renewable energy to achieve carbon neutrality in its 400 locations worldwide.
In its plans, Bosch said it will be buying more electricity from green energy plants in the short-term and will compensate for unavoidable CO2 emissions by participating in carbon offset programmes by 2020.
The firm said it was aiming to scale back its carbon offsets to zero by 2030, while increasing the share of renewable energy it generates and buys.
Bosch will also be enlarging company-owned solar panel systems at its plants in India and signing long-term supplier contracts with new wind and solar farms around the world.
Investment of €1bn will be made on in-house energy efficiency at Bosch's locations, including manufacturing plants and offices.
By doing so, the company plans to save additional energy amounting to 1.7 terawatt hours per year, equivalent to the amount of electricity consumed by households in the city of Cologne.
The total investment in buying green energy and boosting in-house energy efficiency over the next 10 years is predicted to cost Bosch €2bn, but the firm said it will save up to €1bn as a result of its energy efficiency efforts.
The manufacturing industry accounts for almost a third (32%) of global carbon dioxide emissions, according to the International Energy Agency and Bosch said it currently emits around 3.3m tonnes of carbon each year.
The firm has already reduced carbon emissions by nearly 35% since 2007 through projects including implementing solar panels at plants and its research campus in Renningen, Germany, and developing an energy management platform, using data to conserve energy in Hamburg.
Bosch’s Feuerbach plant has undergone a series of modernisation projects since it was established in 1909 in line with the company’s energy efficiency policies. The plant has pursued heat recovery, room automation, machine power shut-off management, and shop renovation projects.
The projects have reduced its energy requirements by more than 50% and its carbon emissions by 47% since 2007.
Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, said: “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.”
Earlier this year, Volkswagen announced it was working to make its operations, including its supply chain carbon-neutral by 2050.
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