Klaus Rosenfeld Chief Executive Officer at Schaeffler By 2040 we intend to become a climate neutral company That applies to the reduction of the emissions generated within our supply chain as well as to the electricity we purchase from renewable power providers Since 2021 Schaeffler has been purchasing 100 percent of the electricity at its European production sites from renewable sources As part of our energy efficiency program we have implemented more than 200 actions since 2020 that starting in 2022 will result in cumulative annual savings of around 47 gigawatt hours This amount of energy roughly corresponds to the annual electricity requirement of 15 000 two person households in Germany By now there s hardly a country that doesn t drive the expansion of renewable energies These efforts have been effective between 2014 and 2020 the wind power capacity installed worldwide has dou bled according to the WWF and that of photovol taics has nearly quadrupled In 2020 70 percent of the new investments in power generation sys tems went to those using renewable energy sourc es While the fossil age isn t over yet all indications clearly point to a departure from it Companies around the globe have long come to recognize that not just for the purpose of polishing their image Numerous automakers have established green fac tories using green electricity For instance Volvo s automotive plant in Chengdu China operates with 100 percent renewable energies BMW even cov ers its worldwide demand with green electricity at a level of 100 percent and at Schaeffler all Europe an production sites have been obtaining 100 per cent of their purchased electricity from renew able sources since 2021 By 2024 that s planned to be the case for all production sites worldwide The world s tech giants have begun to embark on the same journey More and more companies in Sil icon Valley are entering into power purchase agree ments PPAs providing for long term purchas es of green electricity for an agreed fixed price For renewable energy sources PPAs pave the way for long awaited profitability and for corporations like Amazon they pave the way for a green con science So what are the giant petroleum corpora tions doing in view of these developments They re rethinking their business as well BP is planning to increase its investments in renewable energies to five billion dollars annually by 2030 and its produc tion of renewable energies to 50 GW while the pro duction of oil is supposed to decrease by 40 per cent in the next ten years The source of a saving grace This is where green electricity is produced in house For Schaeffler the new e mobility plant in Szombathely Hungary marks a mile stone achievement in terms of a sustainable manufacturing facility that s fit for the future CO2 neutral factory in an area of 15 000 square meters 3 7 acres Purchasing of solar energy results in annual reductions of around 2 700 metric tons 3 000 short tons of CO2 when the plant operates at full capacity An in house photovoltaic system on the factory s rooftop reduces CO2 emis sions by 179 metric tons 197 short tons per year Recycling of purified waste water Rain water retention basin irrigates green and outdoor areas High energy efficiency due to use of heat pumps and heat recovery plus smart heating and cooling management Low electric power consumption due to intelligently coordinated LED lighting 39 SUSTAINABILITY

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