GEA Group Aktiengesellschaft
GEA Group Aktiengesellschaft: GEA raises the bar in mechanical engineering industry: Net-zero greenhouse gas emissions by 2040
DGAP-News: GEA Group Aktiengesellschaft
/ Key word(s): Sustainability
GEA raises the bar in mechanical engineering industry: Net-zero greenhouse gas emissions by 2040
“GEA is taking bold action to support the global transition to a net-zero economy. Our new climate strategy positions GEA as the leader in our peer group. We are pursuing the most comprehensive and ambitious climate strategy in the mechanical engineering industry,” says Stefan Klebert, CEO GEA Group AG. “We are incorporating our entire value chain into this effort, tackling both direct and indirect emissions. And by doing so, we are taking clear action in line with GEA’s purpose: ‘engineering for a better world’.” By investing globally in Gold Standard-certified projects to generate clean energy from wind, sun, biomass and waste gases, GEA’s own operations are already climate-neutral since the beginning of 2021. Established by the World Wide Fund for Nature (WWF), the Gold Standard certifies climate protection projects that have highest possible positive climate impact. “Carbon offsets for the emissions that we cannot yet avoid is, of course, only the first step on our net-zero journey. That is why we are working to transform our business operations to effectively contribute to limiting global warming,” explains Klebert. 2030 interim targets submitted – Reduce GHG emissions from its own operations (Scopes 1 and 2) by 60 percent by 2030 – Reduce GHG emissions from the customer use phase of its products (Scope 3) by 18 percent by 2030
Third, over time and where feasible, GEA will green its global fleet of approximately 4,300 company cars. A green mobility policy introduced today stipulates that all new incentive cars for GEA managers in Germany will be 100 percent electric. The company will invest in wall boxes at German GEA sites to support the rollout. “We want to lead by example,” remarks CEO Klebert. “Our transition to a zero-emission fleet – starting with the cars for our management in Germany – shows we are taking clear and visible action.” The company’s climate strategy therefore focuses on identifying climate impact hotspots in GEA’s product portfolio and further boosting the energy efficiency of GEA products. GEA’s comprehensive portfolio – ranging from components and industrial machinery to complete processing lines and factories – will be thoroughly analyzed in the coming years. This level of transparency will enable the company to prioritize the climate roadmap and further develop sustainable customer solutions. “Product innovation will be the key lever to reach our 18 percent reduction target for Scope 3 in 2030. It’s an ambitious goal, but I’m convinced we’ll achieve it; engineering excellence is GEA’s core strength,” comments Klebert. “For instance, we are already equipping customers such as smoothie-producer innocent with machinery that enables the carbon-free production of beverages. Going forward, we will employ such climate-smart solutions on an ever-increasing scale.” In addition to installing new technologies, GEA modernizes existing customer plants to reduce their climate impact as much as possible. Sustainability as key pillar in GEA’s Factory of the Future “The Koszalin expansion is more than just a build; it is an opportunity to create a ‘Factory of the Future’ – a competitive, climate-neutral production center in Europe based on GEA’s needs and industry best practice,” explains Johannes Giloth, COO GEA. “GEA’s Factory of the Future concept exemplifies our purpose of ‘engineering for a better world’.” Journey towards a comprehensive ESG strategy
GEA is listed in the German MDAX and the STOXX(R) Europe 600 Index, and is also among the companies comprising the DAX 50 ESG and MSCI Global Sustainability Indices. More information can be found online at gea.com. GEA Group Aktiengesellschaft Phone +49 (0)211 9136 1081 Fax +49 (0)211 9136 31087 gea.com
17.06.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | GEA Group Aktiengesellschaft |
Peter-Müller-Straße 12 | |
40468 Düsseldorf | |
Germany | |
Phone: | +49 (0)211 9136-0 |
Fax: | +49 (0)211 9136-31087 |
E-mail: | ir@gea.com |
Internet: | www.gea.com |
ISIN: | DE0006602006 |
WKN: | 660200 |
Indices: | MDAX |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange |
EQS News ID: | 1208749 |
End of News | DGAP News Service |