According to current forecasts, the average global temperature will increase more than three degrees Celsius by the end of this century. This is one degree more than the target set in the Paris Agreement. The most recent reports of the Intergovernmental Panel on Climate Change (IPCC) are demanding urgent actions because of this. Bosch wanted to do their part to decrease CO2 emissions and became CO2 Neutral in 2020. More than 400 locations worldwide achieved this short-term goal by increasing energy efficiency, expanding renewable energy, procuring green electricity, and offsetting unavoidable CO2 emissions, which makes Bosch the first large industrial company to become climate neu- tral. Bosch China with its over 40 locations plays a critical role in this project. Regarding the company’s long-term goal, they have vowed to reduce their indirect CO2 emissions across the entire value chain by 15 percent by 2030. Meanwhile Bosch is committed to seizing any chances of improving energy efficiency and expanding in-house renewable energy generation. The company is working towards its long-term goal and has addi- tionally pooled the experience from more than 1,000 energy-efficient projects in a new advisory subsidiary called Bosch Climate Solutions. Bosch’s climate actions have been recognized by the Science Based Targets initiative (SBTi) and rated as A by CDP.

Source: More Than A Market Booklet 2021