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FUCHS PETROLUB SE (FRA:FPE3) ​​​​​​​FUCHS actively reduces carbon footprint by more than 8%

Directive transparence : information réglementée

03/05/2021 10:46

DGAP-News: FUCHS PETROLUB SE / Key word(s): Sustainability
​​​​​​​FUCHS actively reduces carbon footprint by more than 8%

03.05.2021 / 10:46
The issuer is solely responsible for the content of this announcement.


FUCHS actively reduces carbon footprint by more than 8%

The FUCHS Group, which operates globally in the lubricants industry, has converted its entire European electricity consumption for 2020 and 2021 to 100% green energy. In doing so, the Group has reduced the FUCHS companies' carbon footprint for 2020 by more than 8% worldwide.

Since the start of 2020, all manufacturing subsidiaries of the FUCHS Group have been carbon-neutral gate-to-gate. This means that all emissions associated with production and operating activities have been neutralized since 2020. "This includes all direct and indirect emissions within the gates of our FUCHS manufacturing subsidiaries through energy and water consumption, waste generation as well as fleet operation, travelling and our employees commuting to work," explains Markus Garb, Vice President Sustainability.

To compensate for unavoidable emissions, FUCHS is investing in six certified climate protection key projects each year. However, based on the principle "Avoid - Reduce - Compensate," compensation through the purchase of climate protection certificates is only the last option in achieving carbon neutrality. FUCHS is continuously working on reducing its corporate emissions.

An important step was converting the power supply in all European subsidiaries to green energy for 2020 and 2021. "We achieved this by purchasing "guarantees of origin" for energy generation with a volume of just over 40 gigawatt hours (GWh) from a European wind power plant. By doing this, all our electricity consumption of the European sites will be covered by renewable energy in 2020 and 2021, and is therefore carbon-neutral to our corporate carbon footprint. We are particularly proud that, with this step alone, we were able to reduce our corporate carbon footprint for 2020 by more than 8% worldwide," says Garb. "This is a key element of our FUCHS neutrality strategy, in which we aim to continuously lower our specific energy consumption while, at the same time, increasing the use of "green" energy (regeneratively produced energy) worldwide."

FUCHS has also taken significant steps towards producing its own energy at selected FUCHS sites. FUCHS operates numerous plants and warehouses worldwide with a large roof area that can be used for the installation of solar panels. That's exactly what has recently happened at the Spanish site in Castellbisbal. An installation covering 1,650 square meters with an installed power of 335 kilowatt peak was built on the roofs of several warehouses. "We will be able to cover around 43% of our annual power consumption with the new solar system," reports Eladio Cuadrado, Managing Director of FUCHS in Spain. FUCHS companies in Australia, India, South Africa and the UK already operate solar panels, and more are being planned.

By 2025, the company aims to also sell carbon-neutral products (cradle-to-gate) to its customers. This means that suppliers and their raw materials will also be included, and FUCHS will be able to process more sustainable raw materials for carbon-neutral products in the future. To this end, standards are currently being developed together with partners and associations in order to quantify and record sustainability along the entire value chain.

Mannheim, May 3, 2021

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 (0)621 3802 1104
tina.vogel@fuchs.com

www.fuchs.com/group

The following information material is available online:

FUCHS-Storyportal EVOLE "The power of the Sun":
https://www.fuchs.com/group/magazine/en/topics/detail/the-power-of-the-sun/

The FUCHS sustainability milestone:
https://www.fuchs.com/group/technology-sustainability/sustainability/milestones-of-fuchs-sustainability/

Press release October 18, 2019 "FUCHS to be CO2-neutral globally by 2020":
https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5059-fuchs-to-be-co2-neutral-globally-by-2020/


About FUCHS
FUCHS develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. The company, which was founded in Mannheim in 1931, employs around 6,000 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. The most important markets in terms of sales revenue are Western Europe, Asia and North America.

Important note
This press release contains future-oriented statements, which are based on assumptions and estimates by the corporate management of FUCHS PETROLUB SE. Even if the corporate management is of the opinion that these assumptions and estimates are true, the future actual development and future actual results may differ significantly from these assumptions and estimates due to a variety of factors. These factors can include, for example, a change in the macroeconomic situation, the procurement prices, the exchange rates and interest rates as well as changes within the lubricant industry. FUCHS PETROLUB SE accepts no guarantee or liability for the future development and the actual results achieved in future matching the assumptions and estimates expressed in this press release.



03.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: FUCHS PETROLUB SE
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir@fuchs.com
Internet: www.fuchs.com/gruppe
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange
EQS News ID: 1191743

 
End of News DGAP News Service

1191743  03.05.2021 

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