Continental AG is a leading German automotive manufacturing company that specializes in the production of tires, brake systems, powertrain and chassis components, and other automotive parts. The company has a strong reputation for innovation and sustainability, and has been at the forefront of efforts to reduce carbon emissions and promote renewable energy.

Decarbonisation is a key focus for Continental AG, and the company has set ambitious targets to reduce its carbon footprint. In 2019, the company announced that it would become carbon neutral by 2040, and has since launched a range of initiatives to achieve this goal. One of the most significant of these initiatives is the company's corporate energy program, which aims to increase the use of renewable energy in its operations.

The corporate energy program is a comprehensive strategy that covers all aspects of Continental AG's energy use. It includes measures to reduce energy consumption, increase the use of renewable energy, and improve energy efficiency. The program is based on a three-pronged approach that focuses on energy efficiency, renewable energy, and decarbonisation.

One of the key components of the program is the use of corporate power purchase agreements (PPAs) to source renewable energy. PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for renewable energy over a specified period. By using PPAs, Continental AG is able to secure a reliable and affordable source of renewable energy, while also supporting the growth of the renewable energy sector.

In 2020, Continental AG signed its first corporate PPA with a wind farm in Spain. The agreement will provide the company with 50% of its electricity needs in Spain, and will help to reduce its carbon emissions by around 20,000 tonnes per year. The company has also signed a number of other PPAs in recent years, including agreements for wind and solar power in Germany, the US, and Mexico.

In addition to its use of PPAs, Continental AG is also investing in renewable energy projects of its own. The company has installed solar panels at several of its facilities, and is exploring the use of other renewable energy sources such as geothermal and biomass. These projects not only help to reduce the company's carbon footprint, but also provide valuable insights into the use of renewable energy in the automotive industry.

Continental AG's commitment to decarbonisation and renewable energy is also reflected in its wider corporate strategy. The company has set a number of sustainability targets, including reducing its carbon emissions by 50% by 2030, and increasing the proportion of renewable energy in its operations to 50% by 2025. It has also launched a range of initiatives to promote sustainable mobility, such as the development of electric and hybrid vehicle technologies.

Overall, Continental AG is a leading example of a company that is taking meaningful action to reduce its carbon footprint and promote renewable energy. Its corporate energy program, use of PPAs, and investment in renewable energy projects demonstrate a strong commitment to sustainability, and position the company as a leader in the automotive industry's transition to a low-carbon future.