Potential offtaker

Freudenberg Group

www.freudenberg.de

Estimated electricity consumption

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The Freudenberg Group is a German company that operates in the specialty chemicals sector. The company was founded in 1849 and is headquartered in Weinheim, Germany. The company has a global presence with operations in over 60 countries and employs more than 50,000 people worldwide.

The Freudenberg Group is committed to sustainability and has set ambitious targets to reduce its carbon footprint. The company has a comprehensive decarbonisation strategy that focuses on reducing its greenhouse gas emissions across its entire value chain. The company has set a target to reduce its greenhouse gas emissions by 25% by 2025 and to achieve net-zero emissions by 2050.

One of the key initiatives of the company's decarbonisation strategy is its corporate energy program. The program aims to increase the use of renewable energy sources and improve energy efficiency across the company's operations. The company has set a target to increase the share of renewable energy in its total energy consumption to 50% by 2025.

To achieve this target, the company is investing in renewable energy projects such as wind and solar power. The company has also entered into corporate power purchase agreements (PPAs) with renewable energy suppliers. These agreements enable the company to purchase renewable energy directly from the supplier at a fixed price, providing a stable and predictable source of renewable energy.

The Freudenberg Group has also implemented a range of energy efficiency measures across its operations. These measures include the use of energy-efficient lighting, heating, and cooling systems, as well as the optimization of production processes to reduce energy consumption.

In addition to its corporate energy program, the Freudenberg Group is also involved in a range of other sustainability initiatives. The company is committed to reducing waste and increasing the use of recycled materials in its products. The company has set a target to increase the share of recycled materials in its products to 35% by 2025.

The Freudenberg Group is also committed to promoting sustainable practices across its supply chain. The company works closely with its suppliers to ensure that they meet the company's sustainability standards. The company has developed a supplier code of conduct that sets out its expectations for suppliers in areas such as human rights, labor practices, and environmental performance.

The Freudenberg Group's commitment to sustainability has been recognized by a range of organizations. In 2020, the company was included in the Dow Jones Sustainability Index for the 11th consecutive year. The index recognizes companies that demonstrate leadership in sustainability.

In conclusion, the Freudenberg Group is a German company that operates in the specialty chemicals sector. The company is committed to sustainability and has set ambitious targets to reduce its carbon footprint. The company's decarbonisation strategy includes a range of initiatives such as its corporate energy program, which aims to increase the use of renewable energy sources and improve energy efficiency across its operations. The company's commitment to sustainability has been recognized by a range of organizations, and the company is well-positioned to continue to lead the way in sustainable business practices.