Potential offtaker

Schaeffler AG

www.schaeffler-group.com

Estimated electricity consumption

N/A

Countries of production presence

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SCHAEFFLER AG - PREF is a German company that operates in the Auto Electrical & Electronics sector. The company has been in business for over 70 years and has established itself as a leading provider of high-quality products and services in the automotive industry. SCHAEFFLER AG - PREF is committed to sustainability and has taken significant steps towards decarbonisation and the use of renewable energy sources.

One of the key areas of focus for SCHAEFFLER AG - PREF is corporate energy. The company has implemented a number of initiatives to reduce its energy consumption and carbon footprint. One of the most significant initiatives is the use of renewable energy sources. SCHAEFFLER AG - PREF has invested in a number of renewable energy projects, including wind and solar power, to help reduce its reliance on fossil fuels.

In addition to its investment in renewable energy, SCHAEFFLER AG - PREF has also implemented a number of energy efficiency measures. The company has installed energy-efficient lighting and heating systems in its facilities, and has implemented a number of measures to reduce energy consumption in its manufacturing processes.

Another important initiative for SCHAEFFLER AG - PREF is the use of corporate power purchase agreements (PPAs). PPAs are agreements between a company and a renewable energy provider, in which the company agrees to purchase a certain amount of renewable energy at a fixed price. This allows companies like SCHAEFFLER AG - PREF to reduce their carbon footprint while also benefiting from lower energy costs.

SCHAEFFLER AG - PREF has entered into a number of corporate PPAs with renewable energy providers. These agreements have allowed the company to significantly increase its use of renewable energy, while also reducing its energy costs. In addition to the environmental benefits, these agreements have also helped SCHAEFFLER AG - PREF to improve its financial performance.

Overall, SCHAEFFLER AG - PREF is committed to sustainability and has taken significant steps towards decarbonisation and the use of renewable energy sources. The company's investment in renewable energy and energy efficiency measures has helped to reduce its carbon footprint and improve its financial performance. The use of corporate PPAs has also allowed SCHAEFFLER AG - PREF to benefit from lower energy costs while supporting the growth of renewable energy sources.

✓ Declared Net Zero commitment