Continental is a German multinational company that operates in the auto parts sector. The company was founded in 1871 and has since grown to become one of the largest auto parts manufacturers in the world. Continental is headquartered in Hanover, Germany, and has operations in over 60 countries worldwide. The company employs over 240,000 people and generated revenue of €44.5 billion in 2020.
Continental is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions and increase the use of renewable energy. Continental aims to achieve carbon neutrality by 2050, and has set an interim target to reduce its CO2 emissions by 50% by 2030. To achieve these targets, the company is implementing a range of measures, including energy efficiency improvements, the use of renewable energy, and the adoption of low-carbon technologies.
One of the key ways that Continental is reducing its carbon footprint is through the use of renewable energy. The company is committed to sourcing 100% of its electricity from renewable sources by 2025. To achieve this target, Continental is investing in renewable energy projects, such as wind and solar power, and is also exploring the use of corporate power purchase agreements (PPAs). A corporate PPA is an agreement between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a set period of time. By using corporate PPAs, companies like Continental can secure a reliable and cost-effective source of renewable energy, while also supporting the growth of the renewable energy sector.
Continental is also implementing a range of energy efficiency measures to reduce its energy consumption and carbon footprint. The company has set a target to reduce its energy consumption by 20% by 2025, compared to its 2018 baseline. To achieve this target, Continental is implementing a range of measures, such as upgrading its lighting systems, installing energy-efficient equipment, and optimising its production processes. The company is also investing in new technologies, such as Industry 4.0, to improve its energy efficiency and reduce its environmental impact.
In addition to its efforts to reduce its carbon footprint, Continental is also committed to corporate social responsibility and sustainable business practices. The company has a range of initiatives in place to promote sustainability, such as its "Green Tyres" programme, which aims to reduce the environmental impact of its tyre products. Continental is also committed to promoting diversity and inclusion, and has set a target to increase the proportion of women in leadership positions to 25% by 2025.
Overall, Continental is a leading player in the auto parts sector, with a strong commitment to decarbonisation and sustainable business practices. The company is investing in renewable energy, implementing energy efficiency measures, and promoting sustainable products and practices. By taking these steps, Continental is not only reducing its environmental impact, but also positioning itself as a leader in the transition to a low-carbon economy.