09 May 2019, 16:55
Sören Amelang

World’s largest car supplier Bosch sets goal of being carbon neutral by 2020


[CORRECTION: We apologise for misspelling the author's name. The Reuters article is by Caroline Copley.]

German automotive supplier Bosch plans to become fully carbon neutral by 2020, making it the first major industrial company to take that step, reports Caroline Copley for Reuters. Chief Executive Volkmar Denner said rising sea levels, extreme weather conditions, drought and flooding made it imperative for companies to act without delay to stop the planet from overheating and endangering global stability. “Climate change is not science fiction; it’s really happening,” Denner said in a statement. “If we are to take the Paris Agreement seriously, then climate action needs to be seen not just as a long-term aspiration. It needs to happen here and now.”
Bosch said it aims to achieve its goal by increasing energy efficiency, expanding the share of renewables in its energy supply, buying in more green power and offseting unavoidable CO2 emissions. It expects the measures to cost it 2 billion euros but to reap savings of around 1 billion euros in energy efficiency.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.
« previous news next news »


Researching a story? Drop CLEW a line or give us a call for background material and contacts.

+49 30 62858 497

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee