Sustainability is a growing concern for governments, corporations, and civil society. Leading economies such as China and the European Union have announced ambitious carbon neutrality targets and climate change action plans.
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Like many other companies, we have had to learn that the emissions we can influence through our development, purchasing and investment decisions in the upstream and downstream supply chain (Scope 3) account for more than 90 % of our total CO2eq output. Our initial calculations and estimates for 2019 indicate Scope 3 emissions of around 800,000 tonnes of CO2eq – compared with approx. 49,000 tonnes for Scope 1 and Scope 2. We have set ourselves the target of identifying these Scope 3 emissions more precisely and will work with our suppliers, customers and partners to consistently reduce them.
Vitesco Technologies is a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility. With smart system solutions and components for electric, hybrid and internal combustion drivetrains, Vitesco Technologies makes mobility clean, efficient, and affordable. The product range includes electrified drivetrain systems, electronic control units, sensors and actuators, and exhaust -gas aftertreatment solutions. In 2021, Vitesco Technologies recorded sales of €8.3 billion and employs around 37,000 employees at about 50 locations worldwide. Vitesco Technologies is headquartered in Regensburg, Germany.
In order to contribute to China’s decarbonization goals in a more targeted way and for better tapping the potential of German companies in the future, the German Chamber in China advocates for the following towards the Chinese authorities:
Despite Europe already at the forefront of deploying renewable energy globally, this year European countries, and the rest of the world, are facing the energy crisis. Consequently, Europe has hit record high numbers in generating electricity from the renewables, specifically solar power has shown to be crucial in helping Europe reduce its reliance on gas imports from Russia.
