Mechanical engineering: Net-zero greenhouse g...
Mechanical engineering

Net-zero greenhouse gas emissions by 2040

GEA
GEA's climate strategy is the first building block of a comprehensive Environment, Social and Governance (ESG) strategy.
GEA's climate strategy is the first building block of a comprehensive Environment, Social and Governance (ESG) strategy.

GERMANY, Düsseldorf. GEA has set itself ambitious interim targets regarding the reduction of greenhouse gas emissions. The comprehensive climate strategy focuses on innovation, modernization of own infrastructure and emission-free mobility. Their own operations already climate neutral as of the beginning of 2021.

GEA Group AG announced a comprehensive climate strategy. With the corresponding climate targets, the company is making a clear commitment to achieve net-zero greenhouse gas (GHG) emissions along its entire value chain by 2040. Validation of GEA’s interim targets by Science Based Targets initiative (SBTi) is expected in the second half of 2021.

„We are incorporating our entire value chain into this effort, tackling both direct and indirect emissions. “
Stefan Klebert, CEO GEA

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. 

2030 interim targets submitted

In addition to GEA’s 2040 net-zero target, the company has submitted ambitious interim science-based targets across all relevant scopes. Compared to the baseline year 2019, GEA aims to:

  • Reduce GHG emissions from its own operations (Scopes 1 and 2) by 60% by 2030
  • Reduce GHG emissions from the customer use phase of its products (Scope 3) by 18% by 2030

Sustainability as key pillar

GEA laid the cornerstone for a new, climate-neutral production facility in Koszalin.
GEA
GEA laid the cornerstone for a new, climate-neutral production facility in Koszalin.

Optimizing the manufacturing footprint, which includes reducing the environmental impact of their sites, is another important factor for achieving GEA’s climate and sustainability goals. GEA laid the cornerstone for a new, climate-neutral production facility in Koszalin, Poland, on May 21, 2021 – a concrete example of how GEA aims to decarbonize its infrastructure.

The facility will produce its own energy by integrating photovoltaic panels on the roof and storing power in batteries which can be used to power fleet vehicles. In addition, a combined heat and power (CHP) system will be used to generate electricity and heat, which can be used to heat and cool the site. LED lighting, best-in-class building insulation and low emissivity glass are all part of the factory’s climate-neutral building concept.

„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. “
Johannes Giloth, COO GEA

Journey towards a comprehensive ESG strategy

GEA's climate strategy is the first building block of a comprehensive Environment, Social and Governance (ESG) strategy. Beyond climate protection, this strategy will also take social and corporate governance aspects into account. It will reinforce the company’s commitment to United Nations Sustainable Development Goals (UN SDGs) and become a foundational element of ‘Mission 26’, GEA’s new corporate strategy that is currently under development. ‘Mission 26’ will be presented at GEA’s next Capital Markets Day in September 2021.

Source: GEA

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